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21 December 2018 | 11 replies
Do your own comps and detail out why the appraiser’s comps were wrong (or the wrong houses to use).
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20 December 2018 | 0 replies
As well as the details to it.
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2 January 2019 | 11 replies
Reach out if you're ever in town on the last Thursday of the month, and I'll give you the details of the event.
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20 April 2019 | 8 replies
You also could offer to pay the agent to attend an inspection or to take some more detailed photos for you.
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12 January 2019 | 5 replies
I'm deciding between paying off my student loans or saving for a rental property.My current house is paid off and I have no mortgage.I have $350K in Equity in my house.Here are details about my student loans.Loan 1) $2,800 @ 3.61%Loan 2) $6,200 @ 3.15%I don't have 20% yet for a rental property, but I'm deciding if I should pay off the student loans.. or at least loan 1 for now?
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21 December 2018 | 1 reply
If I left out any details just ask!
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24 December 2018 | 33 replies
15k, and that's a lot compared to how much they would typically pay (i.e. 0).Create a detailed scope of work, if you're going to run a rehab you need to understand the process of the construction occurring.
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28 December 2018 | 16 replies
If you automatically assume risk with out knowing the details you might miss out on some really good opportunities.
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21 December 2018 | 1 reply
For complete details, please reach out to a tax professional.- For pass through businesses (Sole prop, LLC, S-Corp, Partnerships), up to a 20% deduction is available for qualified business income.
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21 December 2018 | 1 reply
It may just be that the seller wants too much and there is no solution but I was hoping investors with more experience than myself in this area could provide some insight into how they would value this and how much of a hit to cash flow would be acceptable in exchange for future potential.The details:4-unit purpose built building in an average residential areaCap rates for 1-4 unit properties range from 6-10% depending on quality, location, conforming vs non-conforming etc.Asking price $520k, dropped from original $550k and has been on market for a few monthsRents are ~$34,000 and should be ~$48,000Expenses (excluding maintenance) are ~$9,000 - This puts the asking price cap rate at ~4.7% (not including maintenance)- We estimate that at asking price it would be about -$260/month in cash flow and break even at a PP of ~$450k assuming our typical 10% of rent for maintenance- We estimate the building would be worth around $530k at market rentsWe were thinking the cash flow neutral price would be our best offer, but their indication was that they are looking for close to 500k.