Francene Iaizzo
I live in New York and I'm buying a SFH Rental in St. Petersburg
22 June 2018 | 4 replies
Send me a private message and I can send you a link to one.
Steven Natera
Allentown for first time investor
1 February 2019 | 15 replies
@David Ribardo and @Joe C jump in with any edits/comments you might have Purchase Price $149,900 (50K a door rule looks good) Three units total gross/month 2239 (1% rule looks good) Fixed expenses: Taxes 2517, Trash 1125 (375/unit in Allentown unless private collection deal previously arranged) Insurance: 703 Common Electric: 519Water/Sewer: 802Allentown Fee: 225 (75/unit/year) Variable Expenses: Vacancy: 2239 (One months rent of each place, or 8.3%) Management: 1800 (50/door/month) CapEx/Maintenance: 3000 (1000/door) Total Operating Expenses: $12,930 Total Gross Income: $26,868Net Operating Income: Op Ex - Gross = $13,938 Divide your NOI by the cap rate your looking for and you have your offer price.
Tim Nicholas
16 units in 10 months
19 June 2018 | 16 replies
I used deal # 2 as collateral with my bank to secure the loan and 3k out of pocket to purchase this unit.
Joshua Lyon
$25,000 EMD lost in Wire Fraud
14 June 2018 | 5 replies
Joshua Lyon : Not clear from your statement whether you knew ahead of time that this was an international wire transfer.This FDIC page may be a good start on what your protections are and what to do now in that case:https://www.fdic.gov/consumers/consumer/news/cnsum13/sending-money-abroad.htmlIn any case, you should file a “complaint” with the FTC and request a cancellation of the transfer from the banking institution on your end (this will not get your money back, but it’s a step you need to take.)There was a lawsuit brought up by First American Title against a real estate agent who allegedly failed to secure his email account.
Joelle Raymond
St Louis Fiancial advice
27 June 2018 | 5 replies
-Should I just focus on getting a private lender to help financing instead?
Casey Culver
Tenants breaking lease...did I do this right?
14 June 2018 | 2 replies
Therefore, they have to pay rent through July 23, and then provide an extra $1295 on top of that, security deposit works the same as it would at the end of the lease.
Bhaskar Pandey
Cash-Out Refinance on Rental Property in San Antonio Texas?
4 July 2018 | 3 replies
I'll Private Message you as well.
Andrew Merritt
Starting an LLC with Partner and Investors
15 June 2018 | 2 replies
Hi @Andrew Merritt,You have a few options.First, you can try to bring in your brother-in-law's parents as private money lenders.
Huso Akaratovic
Purchasing HUD home as OO
16 June 2018 | 6 replies
It is tracked by social security number so as long as you are not getting loans together all is good
Jordan Bradberry
I need help to get rid of my PMI please advise
14 June 2018 | 9 replies
And I secure a HELOC from my equity?