Jose Duran
Note Sold After I Foreclosed
22 August 2018 | 5 replies
Is it legal for homeowners to sell the property without me knowing?
Sessalli Obasuyi
What can you do with a house you have an option to buy?
23 August 2018 | 4 replies
I wasn't sure if that was legal, let alone possible.
Valerie King
Homeowners insurance for duplex with two addresses
6 September 2018 | 4 replies
If the building has a single legal address most of our carriers would consider it to be one building with two units.
Moncy Samuel
HOA dues legal letter
22 August 2018 | 4 replies
Last week, I received a Legal letter (from a lawyer) that I owe $2500 dues in HOA and requesting to pay it and failure to pay will result in lien on the property.
Tito Burgos
Getting started in private money lending
17 September 2018 | 30 replies
first position is always best... and fractionalized mortgage interest or DOT interest are legal in many states.. in many states like Oregon for example its not legal to have multiple beneficiaries.. without doing a real estate paper offering ( mini PPM)..
Bridgette Luce
Transfer tax deed to another person
22 August 2018 | 1 reply
While it might technically be legal, it would set off all kinds of red flags for the next sale.
Ryan Smeltzer
Just beginning my REI journey - exploring my strategies
27 August 2018 | 4 replies
I know in general wholesaling can be legal, but from what I understand and have learned, it's a very extreme fine line.
Javier D.
Please help me analyze my first multifamily deal (with some #s)
22 August 2018 | 16 replies
) - Gross Monthly Operating Income 32,642.00 Monthly Operating Expenses Monthly Property Management Fees 832.00 Repairs and Maintenance 1,000.00 Real Estate Taxes 5,241.00 Rental Property Insurance 1,959.00 Homeowners/Property Association Fees Replacement Reserve 2,000.00 Utilities 1,291.00 - Water and Sewer - Gas and Electricity - Garbage - Cable, Phone, Internet Pest Control 155.00 Accounting and Legal 150.00 Advertising Monthly Operating Expenses 12,628.00 Net Operating Income (NOI) Total Annual Operating Income 391,704.00 Total Annual Operating Expense 151,536.00 Annual Net Operating Income 240,168.00 Capitalization Rate and Valuation Desired Capitalization Rate 10.00% Property Valuation (Offer Price) 2,401,680.00 Actual Purchase Price 3,100,000.00 Actual Capitalization Rate 7.75% Loan Information Down Payment 620,000.00 Loan Amount 2,320,000.00 Acquisition Costs and Loan Fees 60,000.00 Length of Mortgage (years) 30 Annual Interest Rate 4.970% Initial Investment 680,000.00 Monthly Mortgage Payment (PI) 12,411.76 Annual Interest 114,527.10 Annual Principal 34,414.02 Total Annual Debt Service 148,941.12 Cash Flow and ROI Total Monthly Cash Flow (before taxes) 7,602.24 Total Annual Cash Flow (before taxes) 91,226.88 Cash on Cash Return (ROI) 13.42% The property is being given to me after completing 40 year certification (updated plumbing, electrical, parking, most units are decently remodeled.
Jacob Rascon
Newb/Questions, Out-of-State investing + Team
30 August 2018 | 8 replies
I live in Cali, but after running the numbers on numerous houses here it has become obvious that this area is not necessarily ideal at the moment, never mind the other legal issues.
PJ Kolnik
HUD Campaign to Boost Landlord acceptance of House Vouchers
24 August 2018 | 12 replies
I realize we are treading some potentially legal issues here, but curious to learn from you experience.