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4 March 2024 | 6 replies
Sometimes that could also include providing a "certified pad" that the future building will be built on.
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4 March 2024 | 7 replies
My question is based on the following:lets say you put down 20% on 300K property which is 60k (plus closing costs ) and you are breaking even with you mortgage + other expenses(taxes ,management fees,...) included.
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3 March 2024 | 7 replies
It's totally a number game... if you get enough leads, you'll be able to find motivated sellers and get properties under contract.
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3 March 2024 | 7 replies
Also includes a few VA hours in the price to jump start your progress... that way it's not just a second job.
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3 March 2024 | 10 replies
I’m not aware of any state that allows what would be a junior lien and would be extinguished in the foreclosure sale to game the system and record the lien in the gap between notice of the sale and the actual sale.There are ways to legally address such “liens” when they do arise in the middle of a foreclosure… such as redemption or surplus or even a QT action.
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3 March 2024 | 7 replies
Personal Property: $30,000 Personal Liability: $300,000 Replacement Cost: Included Medical Payments: $1000 Loss of Use: $6,000 Property Damage to Others: $500 Mold Property Damage: $10000 Mold Liability: $50000 Tenant Pet Damage: $500 Additional Interest: Myself (the landlord)2) With above coverage added to renter insurance, do I make it mandatory for the tenant to have a separate pet liability insurance?
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4 March 2024 | 11 replies
The monthly carrying cost is $260 less for TH(HOA included in calculation).3.
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3 March 2024 | 1 reply
In this example, I didn’t include any CapEx costs and the loan is 75% of the value.LTCWith a LTC structure, the lender is willing to lend funds as a percentage of the underlying asset’s purchase price plus renovation/repair costs (project cost).LTC financing is generally viewed as favorable for the borrower albeit, riskier, due to higher leverage, less debt service coverage, and renovation risk in the form of underbudgeting.LTC = Loan Amount / Project CostsMost often, lenders are willing to offer LTC terms structured as a bridge loans.
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3 March 2024 | 1 reply
Once it's approved, a sheriff will serve the eviction notice to the tenant, and the paperwork will include the date and details for the eviction proceedings.If you prefer to use a professional eviction service feel free to DM me for a few references.
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2 March 2024 | 32 replies
As a Realtor you might want to consider an alternative game plan.