Aaron Gordy
208 acre colony park development East Side Austin Texas
9 June 2020 | 2 replies
Meant to say doubled in value in 11 years.
Benjamin Papet
The Refinance in BRRRR
11 June 2020 | 14 replies
@Benjamin Papet, as Mark mentioned, you typically only have 1 mortgage on the property at a time, so as he outlined, you will have invested $50k in cash, but then refi and pull out $32.5k to use how you with.In your example, you will want to look for properties that say cost $100k and take $30k to get to about $175k-185k in value. 75% of $180k, for example, is a mortgage of $135k, of which $80k pays off acquisition mortgage and you have $55k left over to find another deal like your first, and you can repeat in definitely.There are another few factors to consider: debt service coverage: the ratio of your net income to mortgage payments.
Constantia Petrou
Tire kickers: How to discourage and screen them out quickly
10 June 2020 | 11 replies
If I don’t hear from you in the next 10 minutes, I will assume you aren’t attending and I will move on to my next appointment.Using this system as dramatically reduced any wasted time I used to endure as part of the showing process as well as giving me data about their timeliness/responsiveness/respect for others' time.At the showing, I collect their completed application (sent via PDF prior or filled out on premises), scan their photo ID and last 2 pay stubs.Then, I do some digging around online (social media, court records, Google) and if it looks like they are representing themselves to me accurately, I contact them to set up a "contract to hold" meeting - usually the day after the showing since qualified applicants need to be "closed" ASAP.
Tracy Uscinski
How to respond to inquired about Section 8
3 July 2020 | 6 replies
NoLo has a great breakdown of NH legal statutes and an amazing book titled Every Landlord’s Legal Guide that puts the legal standards in layman’s speak that I’ve found invaluable in over a decade of self-managing property.Good luck and I’d recommend spending more time worrying about getting those formal, written rental standards up than in what form one tenant or another is paying their rent.
Carolina Brembilla
Flipping houses in California
19 June 2020 | 28 replies
I haven't pulled the data since Coronavirus, but previous to that, there was only 2 month's supply of homes on the market.
Luke Carl
Do you "BOOST" Facebook Marketplace Ads?
17 June 2020 | 5 replies
The power behind Facebook Ads is the ability to leverage data on users to help us reach our target audience.
Jody Sperling
A Naming Strategy Brandon Hasn't Coined
10 June 2020 | 7 replies
In an appreciating market, one great financing tool is a HELOC, but you'll need a significant increase in value before that will be available to you with your current LTV already at 95%.
Christian Rojmar
rehab expenses dededucted immediately v. depreciated over 27.5 yr
10 June 2020 | 4 replies
Each one will have a preference as to how they want to see the data.
Bradley Ritter
Jv Deal on notes GM Btw 🙃
10 June 2020 | 2 replies
Also make sure you are in agreement with how the decision making process is going to work and that you have access to all the data related to the deal.
Trey Browder
Property Valuation - Retail Strip Center (Atlanta)
17 June 2020 | 3 replies
There are some recent sales comps in the area but I don't have access to the specific data other than $/sq-ft and I don't believe this gives me a good comparison because I don't know what those properties cash flows were.