Lance W.
Newbie from across the Pond.. looking to invest remotely
5 June 2018 | 15 replies
I did a very basic highly level look at Texas and Florida, and while they did turn up properties.
Chris Luksha
Looking for thoughts on a proposal
30 May 2018 | 1 reply
Here are some basics on the property.SFR RentalLong term (3yr) tenant pays $1350/mo + all utilities (tenant is local school superintendent)Owner possibly refinanced at $100k in 2003.26 acres2 /11 1/4 story capeWaterfrontDetached 1 1/2 story garageTown Assessed Value: $122,300Actual resale value: potentially around $150k Deeded access I have put in 10% management, 8% vacancy, and about 6% others (capex, maint, etc.)So here is what I would like to send his way for a seller financed offer with no money down: Seller financed at 5% (30 yr amortization) with a 5 year balloon payoff payment Balance payoff payment at 5 years (~$91,829) Early payoff <24 mos = 10 points ($10000)Early payoff >=24 mos <36 mos = 8 points ($8000)Early payoff >=36 mos <48 mos = 4 points ($4000)Early payoff >=48 mos <60 mos = 2 points ($2000)Option for buyer to extend payoff date up to 15 years (within 6 months of payoff date, at a cost of 2 points.)Buyer to pay all title, recording, transfer fees etc.Total Interest Paid (If paid in full at five year mark):$24,038Total Sales Price with interest (If paid in full at five year mark) : $124,038Keeping in mind that we make money on the purchase, I would like to offer a fairly low purchase price that would help me get my foot in the door, and continue to give him monthly cashflow and delayed capital gains.
Alec McGinn
Why would I want to buy rat holes?
30 July 2018 | 77 replies
Basically I eliminate all the issues of the old properties.
Mike Buckley
How long can a zoning dispute last?
30 May 2018 | 0 replies
Going on almost a year without even a court date.
Nicholas Denning
Property Manager in Fort Collins
1 June 2018 | 7 replies
The fact they are complaining online might be an indication the property manager dealt with them properly so be sure to ask the manager for their side of the story.I hope this basic guide helps.
Maxwell Covington
Tenant moving out on short notice
12 June 2018 | 10 replies
(I would not take a verbal “extension” to court to begin with, but especially with that clause in the written contract.)IMO (if your written contract supports the above,) you may reasonably be able to claim up to a month (unless you get a replacement tenant sooner than that - than the actual prorated loss) in court.
Moncy Samuel
Tenant filed for bankruptcy and Eviction is on Stay
6 August 2018 | 6 replies
He filed for bankruptcy right before appearing in the eviction court and the eviction case is on an automatic stay.
Benjamin Riehle
Creating Relationships: A Vital Tool in a Competitive Market
1 June 2018 | 1 reply
Many times it is easy to lose sight of this very basic concept, and as a result, mean great real estate deals are lost.
Sam T.
Best ATL neighborhoods for young people
21 June 2018 | 18 replies
I'm looking at condos in the Buckhead, Midtown, Piedmont Heights, O4W, Atlantic Station, and Decatur areas (among others in the north/eastern part of the city - basically everywhere north of I-20 and east of I-75) and I'd love to hear everyone's input who may be more familiar with the city than I am, what are some (if any) streets/areas in those neighborhoods that are unsafe or I should avoid for other reasons?
Scott Eichler
Proforma Rates for Mall Anchor Tenants
31 May 2018 | 0 replies
I've been able to deduce rent rates for inline stores, kiosks, and food courts within malls.Can anyone help with anchor tenant rates in Southern California malls?