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9 March 2013 | 5 replies
Typically, you'll pay $50-$100 for 5-10 days to inspect.There is a lot more to a purchase contract than just a simple rule like that from your RE agent.Hope that helps.Angie
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15 February 2013 | 6 replies
A Duplex that rents for a total 1700 / monthA Fourplex with rents that total 3950 /monthThe duplex, I'm thinking of offering 215k bank wants minimum 235kFourplex I was thinking of offering 400k Banks wants 465k At these prices my calculations don't seem to cover the 50% rule.
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13 February 2013 | 1 reply
I'm new at real estate investment and have been reading everything I can on investing properties, specially at Bigger pockets. My goal is long term investment. Buy and hold. Being so new I would the more experienced o...
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14 February 2013 | 6 replies
To anyone interested from my previous post, I ended up ruling out all those previous applicants.
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15 February 2013 | 4 replies
That is a lot of work and expensive, but the right vehicle for raising a substantial amount of capital.The above is just my experience and certainly not a hard fast rule.
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14 February 2013 | 7 replies
I wouldn't suggest using them from an unknown source and especially from a different county as the rules in Canada would probably be different.
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15 February 2013 | 22 replies
We've put putting most of it back into capex - we are in our fourth year, 48 units, all cheap and run down, so we've been putting everything backn into business.
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15 February 2013 | 18 replies
All the repairs were magically over $100.00.My point is that if you make a rule for a tenant, then you must really think it through.
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15 February 2013 | 2 replies
The SEC still has not written the rules that were supposed to be written by July 4, 2012.Your friend lending you money is probably not going to cause an issue under securities laws, but you will need to make sure you comply with the SAFE Act and any state lending laws.If you and your friend are partners (members) in an LLC, and you are both involved in the management of the business, then you probably don't have any securities issues because his membership interest would not be a security (even if he puts in most or all of the capital).
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22 February 2013 | 12 replies
That is the situation better explained.Sarah Bixby and John Thedford thanks for that 1% tip, never know about it....is that 1% return on rental rule supposed to be net or gross ( meaning after taxes and insurance and other expenses)Now the plot thickens.....las afternoon i received a call from my realtor, that the bank is considering another higher offer , and if i would consider give a higher offer.