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10 June 2018 | 12 replies
I told them I’d have the repair man come take a look to ensure them it works, yet they call non stop telling me it’s broken and want a new one.My gut tells me they just want brand new appliances in the kitchen, but how can I determine that when I don’t live there, and when I go to take a look myself, it is ironically working fine that day.
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31 May 2018 | 8 replies
I am not a wholesaler, but I don't see how having access to the MLS would be much of an advantage.
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30 May 2018 | 1 reply
Dear BP Community,Would any of you have any suggestions of good books or other resources that I could access to learn the basics of commercial real estate investing?
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31 May 2018 | 10 replies
You don't have access to some of the low-down owner occupied loan options that allow you to house hack.
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12 June 2018 | 41 replies
I would love to access this for cities i invest in.
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30 May 2018 | 1 reply
Here are some basics on the property.SFR RentalLong term (3yr) tenant pays $1350/mo + all utilities (tenant is local school superintendent)Owner possibly refinanced at $100k in 2003.26 acres2 /11 1/4 story capeWaterfrontDetached 1 1/2 story garageTown Assessed Value: $122,300Actual resale value: potentially around $150k Deeded access I have put in 10% management, 8% vacancy, and about 6% others (capex, maint, etc.)So here is what I would like to send his way for a seller financed offer with no money down: Seller financed at 5% (30 yr amortization) with a 5 year balloon payoff payment Balance payoff payment at 5 years (~$91,829) Early payoff <24 mos = 10 points ($10000)Early payoff >=24 mos <36 mos = 8 points ($8000)Early payoff >=36 mos <48 mos = 4 points ($4000)Early payoff >=48 mos <60 mos = 2 points ($2000)Option for buyer to extend payoff date up to 15 years (within 6 months of payoff date, at a cost of 2 points.)Buyer to pay all title, recording, transfer fees etc.Total Interest Paid (If paid in full at five year mark):$24,038Total Sales Price with interest (If paid in full at five year mark) : $124,038Keeping in mind that we make money on the purchase, I would like to offer a fairly low purchase price that would help me get my foot in the door, and continue to give him monthly cashflow and delayed capital gains.
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31 May 2018 | 10 replies
We will definitely be changing common access locks, basement with laundry and storage area, just in case an old tenant kept a copy.
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30 July 2018 | 77 replies
I stopped buying the 100 year old houses and I am post 1980 now on everything.
30 May 2018 | 1 reply
All these questions you'll see answered non-stop on CNBC all day every day.
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31 May 2018 | 1 reply
Then after I paid it down I have access to the HELOC again to repeat.