17 June 2018 | 6 replies
We hold it usually monthly.Anyway, happy investing to you.
18 June 2018 | 6 replies
:Splitting utilities heat electric water etc .. make this conversion expensivePurely regarding the cost paid to the utilities for the meter hookups and any extra lines or whatever that may be needed?
17 June 2018 | 1 reply
Not sure that an american rental / investing site is going to be much help .these type of trophy properties are usually sold through higher end brokers like Sotheby's etc .Sounds like a cool place I have to think this is an easy sale for the local brokers or other types of brokerage community in the area..
26 June 2018 | 4 replies
Once the last screw is turned and the appraiser verifies that everything is complete, the lender will fund the last draw which will usually be the labor portion of the work bid. 3.
18 June 2018 | 25 replies
you and your family lived there for 5 years and didn't hear voices.. so, IF they are suddenly hearing voices and things are getting moved around by other "room mates" it probably means THEY came with "these ghosts" and I would ask them how many ghosts are there in the house, whatever they say, 2 or 3, then say "oh well I can't believe you guys brought in additional tenants without my consent, unfortunately rent has to be adjusted because of the EXTRA tenants" hahaseriously, ask them if they are looking to break the lease and move out of the haunted house?
1 July 2018 | 31 replies
I can write the mortgage/deed of trust for whatever amount I want, but I usually do for what I hope to receive which is usually 80% of ARV.
18 June 2018 | 5 replies
It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.
18 June 2018 | 8 replies
If you are trying to use the "Delayed Financing" exception a couple of things you should keep in mind, #1 you must have paid all cash for the property (no borrowed funds for purchase) and no liens on the property #2 you can use the maximum LTV allowed for purchase of property (ie. for an owner occupied property 97/95% LTV or non-owner occupied max is usually 80-85% LTV) #3 must refi within 6 months of purchasing the property (so for the most part you are going to use the purchase price plus improvements rather than the new appraised value) #4 property will have to qualify condition wise within the lenders guidelines, so no major work should be outstanding like broken windows, holes in the roof, ect.
18 June 2018 | 3 replies
My girlfriend and I have stable jobs with the government and we max out our retirement accounts (TSP, Roth IRA, HSA), and we’re now looking for ways to deploy our extra, after-tax savings.