12 November 2017 | 14 replies
After about a week the resolution guy told me I have 24 hours to provide invoices for the services.
7 November 2017 | 4 replies
On assets like this the stabilized cap should be ultra high so with higher debt service the cash flow spread is still good.I hope you find the loan you need but it sounds like you are looking for miracle terms for the asset type and location.
5 November 2017 | 1 reply
So any way you can improve operations (raising rents, reducing vacancies and expenses) will have a compounding effect on how your business is valued (code for forcing equity), allowing you to potentially refinance and get cash out of the property to use toward future acquisitions.Tenant experience.
5 November 2017 | 7 replies
[Not looking at anyone in particular of course].Having great credit, and great ability to service a 96.5% LTV mortgage, how hard can it be to save up that 3.5% deposit before buying?
6 November 2017 | 5 replies
I think Western Union or maybe Walmart Money Services should be able to do up to a certain amount with a debit card.
5 November 2017 | 11 replies
From the day that the EAT takes title to the land you have 180 days to complete all of your sales (and raise the value of the land to a point that will absorb all of the sales).So just as an example for readers: Let's say your land can be purchased for $500K and you want to build a $1mil building on it, and your 15 homes are worth $1.5 mil in aggregate.
5 November 2017 | 7 replies
Below are some things you may wish to consider, as to which Corporate Enity is best, for your Business Model as well as your REI Goals and objectives.Flipping PropertiesIf the primary objective of your real estate business, or one of your real estate businesses, is to buy, potentially fix up an existing property and resell it within one year, the Internal Revenue Service can consider that to be an active trade or business.
9 November 2017 | 5 replies
Hey @Ceasar Rosas we recently used Tim Fisher of All Pocono Settlement Services to help us with the creation of our new LLC and operations agreement, along with a promissory note for our investor.
5 November 2017 | 2 replies
@Megan Clancy - Talk to your CPA, this should be a service they provide.
6 November 2017 | 14 replies
I'd have to pay the regular cleaning portion, but the cleaning service will separate the bill and charge for excessive items, and I can charge those to the tenant.