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8 May 2019 | 19 replies
After investing in the initial setup and creating rules, a good portion of the work will be done for you.
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26 April 2019 | 3 replies
I have one potential tenant who wants 3 out of the 4 offices and a few other possibilities lined up who might be interested in the 4th.Here are some factors to the decision:My ultimate goal is to buy and hold properties for a long period of time so that once they are paid off, this will be my retirement income (I'm currently 35).While I have a positive cashflow on my first property, I don't have a lot saved up at this point that I could put towards a downpayment for the second property.I talked to a banker who, based on my current finances, would finance 100% of the property, 5 or 10 year loan, 4.5%, amortized either 20 or 25 years.So...from my perspective that looks like $0 down other than closing costs, and tenants lined up who are interested in the office.One problem is that given the asking price, and what the monthly mortgage + operating costs would be, the rents for the 4 offices would be 20-25% higher than the market rate.The potential tenant who is interested in the 3 offices is willing to pay that because there are some unique characteristics that they are specifically looking for that would be hard to find somewhere else.Let's say that tenant is willing to sign a 5 year lease initially.
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27 April 2019 | 24 replies
I might even be able to "negotiate" into paying for it, so that she might appreciate me doing her a solid by not charging her for her initial defiance.
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25 April 2019 | 1 reply
Any terms that I need to clarify on the initial conversation?
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25 April 2019 | 8 replies
My credit is bad but I can afford the monthly payment on a $50K property no problem because I am an online freelancer and have verifiable consistent online income plus I work full time in the real world.
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26 April 2019 | 4 replies
You also should have had verified proof-of-funds early on in the first week or two of the deal.Never extend closing.
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2 May 2019 | 27 replies
Their point was pulling out the initial cash reduced risk, which assumes all you care about is the initial cash.
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27 April 2019 | 80 replies
They wanted to fill a vacancy fast, didn't do proper screening, or didn't verify the tenants employment.
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27 October 2019 | 2 replies
I'd prefer to just purchased this foreclosed home AS-IS and not have them Renovate it.Any suggestions on my presentation in the email, should I let them know I"m a Realtor or just initially inquire about purchasing the property without renovations?