Kia E.
Upgrades by tenant?
14 August 2013 | 6 replies
I would have to speak with the contractor (check references and license) who will be doing the install to ensure that it will be installed properly as well as check into local laws regarding the upgrade, does it automatically become part of the property or when the tenant leaves will they want to remove the granite countertops because they paid for it.
Jeffrey Mark
Closing a Hud Home
26 July 2013 | 3 replies
Talk to the title company and tell them that you want to sell it right after you buy it, they should have no problem setting up a second closing for your sale.Unless the laws are different in your state, but I have been successful in Florida.
Erin N.
Refi and finding another unicorn
28 July 2013 | 2 replies
----------------------------------------------------------------------Property type - 2 duplexesFannie Mae REOPurchase price $369,000 (includes $40k renovation)Financing - FHA 203(k)Down payment - $8559Out of pocket renovation - $20,000Rebate - $1500Final out of pocket - $27059Here's the monthly cash flow -Duplex 1PITI - $1467.50Unit A rent - $1100 (below market - this is a family member)Unit B rent - $125015% vacancy/maintenance reserve - $352.50Net income - $530Duplex 2PITI - $1467.50Unit C - owner occupiedUnit D - 20% personal use, 80% vacation rental - $1500 (average)15% vacancy/maintenance reserve - $225Additional VR expense - $450Monthly loss - $642 <--- Not quite living for free, but not bad...and my in-laws have their own apartment when they visit!
Michael Spindler
Actionable Steps while in the Saving Phase?
27 July 2013 | 9 replies
You will learn the general information on real estate law, contracts, financing, escrow, title, etc.You might even be able to begin working as an agent and help grow your nest egg.
Steven Maduro
Is a deposit to hold an apartment refundable by law?
26 July 2013 | 2 replies
I live in Georgia
I am not sure this issue is covered in the hand book I figured I would float it here
I had a unit for rent in the first week of july say july 2, man came and said he wanted it immediately
he had ...
Thomas Hickey
Bought First 4 family in Peabody MA!
7 August 2013 | 11 replies
I personally prefer NH because of the landlord laws, but if you manage property as a job, you already know exactly what you're getting into.
Robert Ruiz
KIDS flipping houses & 9 yr old Hard money lending
30 March 2014 | 40 replies
., and I honestly couldn't tell you one significant thing I've gotten out of that and as for the more building blocks such as your ABCs and simple math may all be learned on the computer.A dream school for children, for me, would consist of Law, Accounting, Investing, Networking & Marketing.
Michael M.
Lawsuit Statistic & Attorney Calculation
27 July 2013 | 5 replies
Its getting to be a long time ago when I practiced law including landlord tenant.
Eddie Robles
rent money
28 July 2013 | 5 replies
But you and the LLC are different People in the eyes of the law.
Abdenour Achab
Is it legal to pull Credit Report of an existing borrower
16 May 2012 | 3 replies
I do not think you can check her credit without written authorization, there are new federal laws that could be violated if you do not get a written authorization. a promissory note does not constitute authorization to check credit. you probably should have had her sign the authorization to check her credit form and checked her credit before loaning her the money.