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21 January 2016 | 19 replies
I put out marketing packages based on actual numbers because all experienced investors will do their own underwriting and make offers based on real numbers but this is hardly the norm.It would behoove you to look at IREM.org as they have financial information from local property managers in every major market and they'll give you the real numbers when it comes to the cost of repairs, water & sewer, heat, electrical, payroll and other information.Once you have this, you should start practicing underwriting deals with your own spreadsheet or one like RealData so you can learn what a deal will actually make versus what BS brokers put out to market.
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19 January 2016 | 3 replies
All loans will have a security instrument and note.
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4 November 2017 | 7 replies
In Ontario they take half a months rent for commission I believe (could be wrong about this).In terms of moving the tenants in and out for an out of province property I'd consider installing a lock with a passcode you can change digitally, that way it's as if you have a permanent lock box on at all times & you can ensure security by changing the code from time to time.
9 October 2017 | 2 replies
It's slow going to say the least but we are making regular deposits into the business account and opened a small secured line of credit to start building the businesses credit.
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10 October 2017 | 4 replies
But people use HELOCs all the time, which is clearly borrowed funds, so we know that's not the whole story.The full story is that you can use secured borrowed funds, no seasoning, no hiding, nothing.
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10 October 2017 | 9 replies
Hi BP members I wanted your insight regarding my tenants request to install security doors in one of my SF rental.
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17 October 2017 | 8 replies
So what i have in exchange money could become quite a number of units, depending on how much leverage I would want, and dependent on securing such a loan.The issues i am having, are this:1.)
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10 October 2017 | 2 replies
Hey @Michael Bayrakeri do you already have the lot secured?
7 September 2018 | 9 replies
Then detail charges on the security deposit reconciliation for rekeying the unit and for the cost of the cleanout.CRLTO 5-12-130 Landlord Remedies:(e)Abandonment.
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6 September 2018 | 4 replies
I draft wrap packages, but you will want to close at a title company.