Jim Carson
Breaking the Lease
31 March 2012 | 12 replies
The Landlord is adamant that since we signed the lease, we're obligated to pay to the end regardless of the window situation.Sorry to be so long-winded, but here's the crux of the matter - under these circumstances, are we entitled to break the lease and move?
Bobby Gerry
Looking at DOM when considering a potential deal
17 January 2014 | 9 replies
Great post, Bobby Gerry, and I can tell you that if you are using hard money, the lender is probably looking carefully at DOM
Account Closed
My latest Rehab in Charlotte, NC
25 May 2011 | 53 replies
thanks bob and james..adam, good questions....i planned to list at 95-99 the whole time...my rehab came in so under budget, and i have never flipped a house during the winter....i didn't want to wait until spring to get paid, so i figured i'd rather list at 89 and take it now...i got a strong offer with 20% down, but it was pretty low...i told him 81 was the lowest i'd go..i always pretend that there may only be one buyer looking at that time...i want to turn nobody away, and make sure that the one buyer will buy my home over anything else in the area...i got a great deal on this property, and while i could've held out for more money, i'm happy with my profit, and more importantly, the buyer is happy bc he knows he got a great deal...that doesn't bother me at all..if i waited til april or may, i prob could've sold for 95ish, but now i have money to reinvest into 2 flips, that will both be on the market around early summer...as for your question on upgrades, i think this is pretty much on par for the neighborhood....this area is very trendy.i've learned how to do inexpensive things that look like upgrades...for example..it's a small house, with a small livingroom...prewiring for a flatscreen TV isn't hard or expensive, but it's a nice touch for an oler 60's home that most don't expect...it cost very little...the tiles on the kitchen floor are mostly the .67/ft tile from depot...by adding in a border and setting the middle tiles on the diagonal, it makes it look custom and expensive, but the materials were not bad at all...same with the backsplash, which was a great deal..also, this house faced the back of a grocery store...that didnt' seem to bother most people, and i'm thinking it was bc the inside and backyard looked so good..sometimes, it's worth it to spend a few extra on things to make them forget about the flaws...hope that helps
Adam Smith
Itemizing Invoices/Bills in Quickbooks
7 March 2011 | 3 replies
Adam, Did you create a separate class just for your friend in quickbooks so that you can track his income and expenses separately?
N/A N/A
Is this a good idea?
14 October 2006 | 0 replies
Here is something I found on another site that I didn't quite understand: "But not everyone is sold on the idea that the CPAN set-asides are the best strategy for creating affordable housing.Edgewater Development Corporation Executive Director Adam Burck questions the sustainability of the program.
Kody Broussard
Family Members Using IRA for My Syndicate
8 July 2016 | 9 replies
@Brian Adams Great chart Brian.
Erika Sutphin
Las Vegas Realtor
8 July 2016 | 7 replies
Let's connect...I was born and raised in Vegas and invest here as well as lead The Adams Team at Rothwell Gornt Companies.
Colin Simpson
Beginner Owner-Occupancy Duplex Opportunity
4 October 2016 | 5 replies
@Chris Adams Thank you for responding, I greatly value the information and opinions I get on this site from investors such as yourself.I do plan on taking care of all maintenance and landscaping.
Adam Craig
Wife getting realtor licence to help grow the business QUESTION
1 September 2016 | 2 replies
@Adam Craig I know some realtors that are part time and don't do many deals.