7 February 2022 | 8 replies
More than the security deposit, and far more than would be recovered by small claims court.
3 February 2022 | 1 reply
Creative ways to secure a deal without upping bid price?
11 February 2022 | 3 replies
I am looking at one that is pretty modern and has 24 hr automated security and gate etc.
21 February 2022 | 84 replies
Once I know the cost of repairs, I will officially start the refi process and hopefully have the appraiser out shortly after the repairs are completed, but before a tenant ever moves in.
10 May 2021 | 0 replies
I've also polled several of the people in my network (contractors, flippers, wholesalers, brokers) asking what they are seeing.Below is my updated budget (padded) for Spring/Summer 2021. (1) Note that the 2020 numbers are a padded (I pad everything) high average of budgets pulled from 4 houses I flipped in the PNW in 2019-2020. (2) If the official numbers were below inflation, I used Inflation (Shadowstats.com). (3) The overall increase in price on my breakdown is close to the overall data I've found online, which makes me think I have a decent updated budget for eyeballing deals with. (4) To reiterate, the numbers I started with were unique to my situation in the PNW, so please don't take them as gospel for you!
23 July 2021 | 12 replies
I had a discussion with a land bank official a few years ago who explained to me that out of the thousands of tax-delinquent houses foreclosed by the county and sold at auction every year, only the ones that no one bid on are transferred to the landbank... it means you really get the worst of the worst... + there's a trick, the LB will sell it to you for a low price... in exchange of your signature on a development agreement leaving you with a 6 months to 1 year to do extensive (and expensive) repairs to bring to properties up to code.
11 May 2021 | 4 replies
I assume he's planning on paying cash, because no bank or automotive company who finances or leases the car to him is going to approve its use in this purpose since the vehicle is secured asset collateral for the loan.
11 May 2021 | 6 replies
I can't think of a way for him to still leverage the 1031 exchange on the sale of Property B while doing seller financing (or otherwise me securing financing for the 2nd property with the limited available cash)My question is:Anyone have any unique or creative solutions for how to acquire both properties with the cash I have?
10 May 2021 | 3 replies
However, the seller knowing my specialty, countered asking me for a proposal with more upside for the seller or to do a rental arbitrage.My initial offer was a 5% upfront cash payment, 15 year repayment plan at 4% interest and attempt to refinance within 7 years to repay the seller in full and secure more traditional financing.
11 May 2021 | 2 replies
We had planned to renovate the entire place ourselves.List of violations:properly repair with similar material the broken or defective sheet-rock at east wall inside base cabinets in the kitchen located at apt 2fl, 2nd storyproperly repair with similar material the broken or defective ceramic tiles floor in the bathroom located at apt 2fl, 2nd storyproperly secure the loose base-molding at walls in the 2nd room from north at west located at apt 2fl, 2nd storyproperly repair the broken or defective counterbalance at upper sash south east window in the 2nd room from north at west located at apt 2fl, 2nd storyproperly repair the broken or defective counterbalance at lower sash south window in the kitchen located at apt 2fl, 2nd storyreset, so as to secure a proper and tight connection, the water closet bowl .."