Luke Grogan
Property manager wants to use a master lease
2 October 2018 | 4 replies
They do not get paid if the unit is vacant, only on collected rents.I believe he takes 50% of late fees and keeps the security deposits in escrow and pays for repairs after move out.
Scott Goulet
hard money and debt-to-income ratio questions
2 December 2018 | 10 replies
One of the main advantages is that they DO keep them 'in house' so play by a whole different set of rules than those that 'resell' like a traditional 30 year fixed loan.
Frank Vafaei
OREM-PROVO, UTAH REAL ESTATE RENTALS
4 October 2018 | 3 replies
A lot of the companies moving here are higher income jobs which should help offset the issues.Returns on rentals are never the 1% rule.
Charles Price
$1M owned free & clear - what would you do to GROW portfolio?
2 October 2018 | 10 replies
If your NOI is $40K, then that doesn't even meet the 1% rule, it is closer to 0.08%.
Maurice Lightner
Home inspection in Miami
1 October 2018 | 1 reply
He must be a licensed inspector to conduct inspection and he is supposed to follow all the rules and regulations.
Andrew Pfleger
how to jump in to the deep end...
3 October 2018 | 3 replies
So far we've gotten right around the 2% rule on about everything we have purchased.
Michael McConlogue
What would you do in this situation?
2 October 2018 | 5 replies
You could cash out 50% and have pretty low risk.There are a ton of benefits to keeping the property leveraged.
Aaron W.
Odd Situation with Tenants (I am the landlord)
4 October 2018 | 18 replies
Oh boy, you haven't had a professional scammer/tenant. these people know the rules and can live rent free for a long time.
Giovanni Luna
Non profit 501c3 parenting a subsidiary LLC
3 October 2018 | 5 replies
Donations have strict rules.
Harvey Yergin IV
How to structure private money deal
4 October 2018 | 5 replies
Hi Harv,The typical structure between the sponsor and passive investors is an 8% preferred return and a 50/50 of 70/30 profit split.