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Results (10,000+)
Danial Qureshi Planning my next Two Years in Real Estate Investing
20 March 2018 | 6 replies
I could sell one of my properties (condo) use, that money for flips in Atlanta within the next 1-2 years build up additional funds to acquire an apartment complex, and to grow my portfolio, but I want to hear from some experienced investors and what they would do if they were in a similar position.Current Picture/Portfolio: Property 1: Condo (Atlanta, GA 30328)Current Rent = $1550/MonthUtility Reimbursement = $200-300/MonthHOA $383 (In line with HOA's for other communities) Purchased June 05th, 2015 and resided in property until Jan 22nd, 2017 (Total of 1.64 Years)Lease Started Jan 23rd 2017 and Lease Ends on June 30th 2018.Current Equity 135,000 (Purchase Price)  - 85,000 = $50,000Current Comps Similar Properties are selling for $155,000 to $170,000Current Mortgage Terms: 15 yr Fixed 3.325% Monthly payment of $996 (Includes Insurance and Property Taxes)Anticipated Total Earnings if Sold at End of July $64,500 (Sell Price $155K) to $78,500 (Sell Price $170K)  Property 2:Town-home (Peachtree Corners, GA 30092)Current Rent = $2000-4000/Month (AirBnB) 60-70% Occupancy since November of 2017Purchased July 28th 2017 and currently residing in basement house-hacking with my younger brother.HOA $325/Month Covers, Water, Lawn Maintenance, Sewage, Security GateCurrent Equity 336,000 (Purchase Price) - 265,000 (Remaining Loan Balance) = $71,000Current Comps Similar Properties are selling for $345,000 to $360,000 due to private/public school ratings going up shortly after purchase.Current Mortgage Terms: 30 yr Fixed 4.326% Monthly payment of $1823 (Includes Insurance,PMI, and Property Taxes.)
Ray Realdine Cozy for Rental Applications and Collecting Rent
16 March 2018 | 5 replies
My 5 day notice is part of my lease.
Jaago Viitkin Subject to, Rent to Own Lease option, Sandwich Lease i New Jersey
18 March 2018 | 2 replies
Any NJ investors out there who focus on Subject to, Rent to Own, Sandwich Lease??
Ryan K. Spend $140k to earn $4500/yr?
25 April 2018 | 15 replies
About 500 sf plus loft with bedroom.
Jeff Filali Ten years after Bear Stearns, Congress reconsiders Dodd-Frank
16 March 2018 | 1 reply
I had a difficult time myself in the past qualifying for a mortgage to purchase my primary home because of self employment.Dodd Frank is what switched many independent investors from doing traditional in-house seller financing, to doing lease options or other similar RTOs to try to get around some of the regulations.
Tony Castronovo Any formal documentation required to tenants when selling rental?
18 March 2018 | 3 replies
I would notify them in writing that their security deposit and lease have been transferred to the new owner.
Ryan James Is this a good deal on an 8-plex? 13.92% CAP
19 March 2018 | 11 replies
Judging how the rents are $475/month, I'm also guessing this is either a C/D area or a very small town, which may contribute to higher tenant turnover, higher lease-up times, higher possibility of missed payments, evictions, etcRepairs at 5% also seems low, especially if I'm correct about the tenant quality/neighborhood this is in.
Penny T. Property Manager sent a bill for 7K + for smoke damage in unit
16 March 2018 | 9 replies
I firmly believe that this manager has a personal grudge against us as a result, and we were given a 5 day notice to vacate for violating the "noxious odor" section of the lease
Account Closed Terminating section 8 tenancies
16 March 2018 | 0 replies
Got a situation with a section 8 tenantSection 8 Leases are required to incorrberate HUD-52641-A as an addendum.
Sam Gould How do you finance a deal with a down payment and no income?
23 April 2018 | 12 replies
I have obtained control of a property by using lease options, owner finance and subject to.