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30 August 2017 | 4 replies
I don't know if it's contractual, but around here it seems to be standard practice to include the inspection report with any inspection-related contract changes.
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30 August 2017 | 3 replies
Is it just as simple as calling the owner and asking to keep the terms if i can bring it current or is there a better approach.I know people love the numbers so here we goPPrice: 55k (including the back payments)Rehab: 20kArv: 110k - 120ki would love any feedback.
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31 August 2017 | 2 replies
These items typically include the following: 1.
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15 September 2017 | 2 replies
They included @Brandon Turner, @Brett K., @Clay Smith, @Anson Young, @Michael Quarles, @David Robertson, @J Scott, and @Mark Ferguson and Carol Scott.It started with one of the podcast “quick tips” from Brandon Turner.
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30 August 2017 | 0 replies
When investing in Condos, would you scale back Maintenance and or Capex percentages on a Buy & Hold rental due to roofs, foundation, outside expenses included in HOA fees?
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31 August 2017 | 6 replies
I do have $15000 in reserves total but that would include the condo and the two duplexes (well one under contract, the other agreed).
31 August 2017 | 1 reply
Does anyone know if I can include attached bathroom size in the square footage of a bedroom for the purposes of meeting occupancy standards?
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31 August 2017 | 1 reply
Total cost will be under $110,000 including purchase and rehab.
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7 September 2017 | 13 replies
In regards to your current deal, I would be hesitant because even though you will be able to afford the mortgage payment and it looks like you have a renter already in place, there is still a lot more that would need to be figured in.1) Taxes ( Not sure in your area, but you could find out very easily or this may already be included in your payment)2) Cap Expenditure (Figure at least $100/mo)3) Repairs (Figure at least $100/mo)4) Property management (8-10% of current rental rate roughly $150) - I know you may manage it yourself but if you ever decide not to, you want to take that into consideration so you can plan for that.5) Vacancy Rate (5-10% of current rental rate $75-$150) - even though you have a renter you have to plan for the worst case scenario if something happened to him and you were unable to find someone to rent to.So if you add the above that is an additional $425-$500 not including your monthly taxes.
4 September 2017 | 22 replies
I forgot to include the unit numbers.