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19 January 2022 | 1 reply
There's a Princeton professor named Ed Zschau that talked about an idea he calls "leaving footprints" during an interview between him and Tim Ferriss, the author of "The 4-Hour Workweek".
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23 January 2022 | 7 replies
Here's an example of an analysis of a $170000 townhouse that rents for $1700:Purchase price = $170000Closing costs (5%) = $8500Pre-rent holding costs = $1200Rehab/ Repair costs = $5000TOTAL COST OF PROJECT = $184700Down payment (25%) = $42500Loan = $127500Investment = Total cost of project - Loan = $57200Rent = $1700Mortgage (30 year fixed at 3,62%) = $581Property management (10%) = $170Maintenance and repair (10%) = $170CapEx (10%) = $170Vacancy (5%) = $85Water and sewer = $75 (from Pittsburgh Water and Sewer Authority)Insurance = $100Taxes (2.08%) = $294.67TOTAL MONTHLY EXPENSES = $1646.23CASH FLOW = $53.77 CASH ON CASH RETURN = 1.13 %Are my assumptions ok?
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19 January 2022 | 7 replies
Also being a successful BiggerPockets author this makes total sense.
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28 April 2022 | 8 replies
Currently being charged $40 for a "credit report payment authorization".
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20 January 2022 | 2 replies
Yes, you can have your entity as the buyer on the PSA, but you will likely be required by title to show your entity docs including a corporate resolution which stipulates who has the power and authority to sign on behalf of the entity.
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9 February 2022 | 11 replies
I'd still check with the proper authorities to have the best understanding of the rules/laws.
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20 January 2022 | 7 replies
At this time I think my best suggestion for you would be to check with Arlington, Irving, Grand Prairie, and Fort Worth housing authorities.
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23 January 2022 | 7 replies
I had another one where a family member came to clean out the apartment, but she really just rifled through her aunt's belongings, took a couple items of value and all the cash that was squirreled away (we're told it was thousands), and then disappeared.I now have a clause in my lease and lease renewal that asks the Tenant for the name and contact information of an individual authorized to handle their account, remove their property, and receive any refund in the case of death or incarceration.
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25 January 2022 | 5 replies
You can also check with the NM Mortgage Finance Authority for any special programs they offer. https://housingnm.org/, and might look into opportunities for purchasing with a Real Estate Contract/Seller Financing, especially if buying manufactured homes.
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3 February 2022 | 11 replies
You might check with your local housing authority and others in cities around you.