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16 March 2020 | 16 replies
I think they opened at 2/3 of the assessed value, and if they didn't sell, they would reduce the opening bid the next time around.
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14 March 2020 | 6 replies
I would highly stress that you consult with your own agent if you have one or a local real estate attorney to review your contract/PSA with you.
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26 April 2020 | 65 replies
I am thankful i switched 4 of 6 (in this locality) to long-term rentals to reduce the workload and they're mostly full.
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31 March 2020 | 15 replies
One of them a professional tenant who we have been trying to get out for almost a year.As the economy begins to be affected by this I anticipate some tenants to have reduced hours/layoffs and will struggle to pay the rents.
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13 March 2020 | 4 replies
Don't stress about putting too much any one area.
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13 March 2020 | 3 replies
This just reduces your cash flow every month...but you're not coming out of pocket...and, the actual costs to the deal is insignificant.Example: Cost to replace roof = $5000Option #1: Replace in 5 years, when it starts leaking.Cost to you for roof: $5000Cost to replace/repair interior damage: $3000 (floor, paint, etc...)Interest on funds: $1800Total cost out of pocket: $9800Cash flow for 5 years (before roof repair): $5k/yr = $25,000Adjusted Cash flow for 5 years (after roof repair): $5k/yr = $15,200Option #2: Replace now, before it starts leaking.Cost to you for roof: included in purchaseCost to replace/repair interior damage: $0 Added O & I to purchase loan: $24/month; $288/yearTotal cost out of pocket: $0Total cost added to loan over 5 years: $1440Cash flow for 5 years (before roof repair): $5k/yr = $25,000Adjusted Cash flow for 5 years (after roof repair): $5k/yr = $23,560
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13 March 2020 | 1 reply
Corona virus impact coupled with oil price collapse will stress economy resulting in local / global repression of SFH (single family house) prices / economy.
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14 March 2020 | 12 replies
So aside from some stress and need for speed, this is like any other deal.
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10 April 2020 | 27 replies
The trick there is to only fix what you ought to - that's a deadly mistake almost everyone makes to some degree so, never stop considering it - I can't stress that point enough.My advice to you is to buy a duplex in the best physical condition you can afford, in the best neighborhood you can afford, for starters.
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15 March 2020 | 6 replies
Work with one that does great work and then build a relationship to reduce fees.