12 April 2016 | 13 replies
I'd prolly just take out the 2nd one and do another accent tile to match the other one.Quick and easy fix.The tiles are ugly but they look like they are in great condition.
25 November 2015 | 5 replies
Went to a guru seminar, got told how easy this is, ran out and overpaid for a house because they overestimated its ARV and underestimated reno costs.
26 November 2015 | 17 replies
If the number of houses purchased for rentals exceeds the number of possible tenants looking for a rental, you shouldn't buy in that market.There are two pretty easy ways to see if the market is saturated.
28 November 2015 | 13 replies
It is a super easy sell on the transaction side (or can be)--think: no major update (floors, fixtures, paint, etc), no vacant time to fix or sale, no marketing costs or time (like realtor fees or 6 mos on market )...So you may be able to shave some off on that, giving seller easier time of it (but maybe not 20-30%)..Best of luck..
2 December 2015 | 9 replies
Sorry that there may not be an easy answer.
26 November 2015 | 5 replies
From my experience, coin operated machines are easy to maintain (vs card operated machines - I am not referring to the actual machine, but the payment mechanism).
2 December 2015 | 18 replies
Like you as a mortgage underwriter, I have many years of experience being a professional supporting real estate investors as a CPA, but I now wanted to become a real estate investor myself.In late November of last year, like you're doing this November, I wrestled with the question of investing locally with a 4-unit purchased with FHA financing vs. investing out-of-state and got a lot of great advice.Like you, my goal is to retire within the next 10-15 years via real estate investing.As a result of some of the advice I've read through the forums (I would recommend you pay attention to guys who have been in real estate for decades like @Jay Hinrichs rather than the younger folks who are often just pushing their turnkey products) and speaking to investors at local real estate groups, I decided that given my place in life I would be wiser to place my bets on California appreciation over the next 20-30 years rather than investing in some beat-down property in Cleveland for an extra $400 or whatever in cash flow per month.Given the facts that (1) I could get into a property for a measly 3.5% down, which would free up cash to invest in other places if I so chose, (2) I was already throwing away rent every month such that I could still be cash flow negative of $650/month (what I was paying in rent) and still be better off because a portion of my monthly payment would be building my equity and the rest would be tax deductible, and (3) I'm in my 20s and have the time to take a long-term view of appreciation potential, it was a no-brainer to go the FHA 4-plex route in LA, despite the fact that it is one of the most expensive markets in the country.This isn't to say that the process was easy.
11 December 2015 | 22 replies
It feels like insurance companies are making easy money (low low low risk) with umbrella policies which is further aided by higher auto insurance premiums in my particular case.I could increase my primary residence liability coverage at a much cheaper rate than having the separate umbrella policy.
5 December 2015 | 33 replies
Since values have been rising not as easy to do this.You may also need permission from the Court to buy the loan