Christopher Schmidt
2013 Results
8 January 2014 | 3 replies
Individual repairs, rents collected and other expenses were charged against the ‘unit’ that occurred the expense.Property 1: Unit 1 – Cashflow ROI = 15.42%Property 1: Unit 2 – Cashflow ROI = 13.08%Property 2: Unit 1 – Cashflow ROI = 21.80%Property 2: Unit 2 – Cashflow ROI = 3.56%Property 1 I acquired in 2011 and took care of some maintenance as necessary early on, so I’m glad to see they both performed consistently this year.
Jeff Kennedy
New law restricting local banks from funding loans for properties consisting of less than 5 units
15 January 2014 | 12 replies
Has anyone heard of this?
I have a duplex in Northern California. We have owned it for two years. We now have quite a bit of equity and I'm looking to refinance and pull some cash out for another deal. The pr...
Ed Wood
Report: No Market Surprises In December
8 January 2014 | 0 replies
Report: No Market Surprises In December
Steven J.
What causes a property assessed value to drop 15k?
8 January 2014 | 2 replies
What do your sales comparables report for tax amounts versus your deal?
Giovanni Isaksen
Apartment Unit Permitting Chart from Axiometrics Posted
8 January 2014 | 3 replies
See the whole Axiometrics report here: http://bit.ly/1dWjEUX Good hunting-
Luis Montanez
Please help... Let me know if you think this is a deal in Georgia.
8 January 2014 | 2 replies
@Nuhan Demirkan:Thanks for the good advice,Just to close and report the result of this transaction.
Rick Baggenstoss
How would you improve upon the 2% "rule"?
13 January 2014 | 17 replies
Perhaps we could call it the "GRM Rule" and you need to figure what percentage works for you.Unfortuneately the "2% rule" and the consistent use of the 2% number are all over the site.
Chris C.
sinking floors
15 January 2014 | 17 replies
A buddy of mine had his insurance fixed a differential settlement on his 2500sf house in Coral Springs two years ago, the price tag, engineering report alone was $4,000 (and pretty ****** engineering), repair was $23,000.Now, if its just a spot, that rotted at one end of the door, due to a beam failure right under that spot and the rest of the house is level and square, then a carpenter and a series of bottle jacks may be your answer, doesn't appear to be the case here, though.
JC Smith
Do these Loan Details look right for FHA?
13 January 2014 | 6 replies
.@5DAYSAPPRAISAL (estimated)$650.00CREDIT REPORT$21.00ESTIMATED PER DIEM INTEREST:240.09ADMINISTRATION FEE$995.00Mortgage Insurance Premium$1,200.00PROCESSING FEEHazard Insurance PremiumDOCUMENT PREP FEE(First year, estimated.
Account Closed
Direct Marketing simplified: no filler
8 January 2014 | 3 replies
He emphasizes the importance of doing and doing with consistency AND then tweaking the system instead of getting caught up with what size paper and font to use.