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4 October 2019 | 10 replies
Another important segmentation are the platforms that act like a Craigslist and simply facilitate the connection between the sponsor and investor, and those that act as an intermediary between the two (So investors do not communicate directly with the sponsor during the vetting, and for the lifetime of the deal with communications, taxes, etc.).
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29 July 2018 | 0 replies
All of my other rentals have separate meters (including water) with each tenant paying their own utilities directly to the provider.
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31 July 2018 | 2 replies
View report*This link comes directly from our calculators, based on information input by the member who posted.I am a bit confused as to how the total cash invested is calculated , my numbers arent the same as that in the calculator:TOTAL CASH REQUIRED AT AQUISITION Purchase price: 70000 Repair cost: 30000 ARV: 120000 Hard money loan(75% of arv): 90000 Points on loan: 2700Closing cost:2500 Total needed at aquisition: (70000+30000-90000)+2500=12500; the same as the calculator but arent the points paid on a hard money loan paid upfront?
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15 September 2018 | 2 replies
Try the following link: https://www.biggerpockets.com/landlord-formsYou should be able to download them directly from there.
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29 July 2018 | 8 replies
You can get service the same day by using what is called "nail and mail service."
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31 July 2018 | 6 replies
Be sure you send any Termination Of Lease Notices via Registered Mail - Return Receipt Requested.
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19 August 2020 | 19 replies
@Wayne BraultSearch for "brokers direct mls" in google
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29 July 2018 | 0 replies
This also doesn't include any summer leases at $500 per person which will be directed to our CAP EX fund.A break down of the estimated first year PL sheetGross Rent:$23,400taxes: $1,560insurance: $590Water/sewer: $2,000Gas: $1,900Electric: $1.500Maintenance: $1,000expense total: $8550NOI: $14,850Debt: $1080x8months= $8,640Cash flow (paying toward HELOC principle) $6210(yes I'm not including Vacancy for this year, I'm also not including Cap Ex this first year either)utility estimates are based on previous averages, and also our first 4 monthsYear twogross income: $26,000taxes $1,560insurance: $590Sewer/Water: $2,000Gas: $1,900Trash(year two electric will be on tenants and we take over trash): $300Repairs/Cap EX fund: $2,500 (summer rents will be added to this)Expenses: $8850NOI: $17,150Refi Debt (125,000 loan @5% estimated): $8040Cashflow: $9110 45% COCOverall this deal is turning out very well, an seems to be an awesome first investment property.
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3 August 2018 | 1 reply
Hello everyone,I am relatively new to probate investing and have a lead that just came in from my direct mail campaign that I'm not sure what to do with.
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30 July 2018 | 4 replies
And kind of guide me in the right direction to get started.