With 70k in rehab could be a 800k motel, reserving rooms for $50 nightly Oct - May and up to $150 June - Sept.

Affordapro Services services that area.high quality contractors over 301 yr warranty insuredbeat most pricesFirst 30 min or 25 sq ft paint job free Firm bids by phone professional invoice start same dayfully preparedsubcontractorsText or call toll free from Denvereight zero one 753 eight 8 four six

I have liquid cash reserves at 4.5% apy. 

Hi everyone, I’m looking to see what I can do to resolve a situation I’m in with a service provider I hired to do some work at one of my rental properties.

How much down, reserves etc.

My note investing goals;Buy lowNon-performingHold and collect mortgage payments Resale to an investor looking for performing note Address: 2124 Tullis Dr Montgomery, AL 36111Asking: $42kLayout: 3/1, single family homeArea: CLien position: 1st UPB: $80,968.80Monthly mortgage payments: $719.78Sale comps: $62k Rental comps: $600 per month4 months behind on mortgage paymentsTaxes: $218/year (actual, from county website)Insurance: $217/yr (based on a formula for a home in the 50k-60k range)Here are my thoughts on how to underwrite it: Offer: $28k Fair Market Value: $62k Modified mortgage payments: $650 monthlyPayment upfront: $5kI came up with the 5k based on lawyer fees, BPO, tax for the yr, insurance for the year and servicer fees.

If youre truly in this for the long haul, there is nothing worse than getting started and then realize you dont like who youre dealing with.Meet the property management, customer service, accounting / finance.

Sam, Property Pro Services is a licensed General Contractor and can do rehabs, repairs and renovations. 

Most people get that kind of information from list services.

The name of the game for banks and lenders, unless they're servicing the loan, is to do a loan that can be guaranteed against default (Fannie Mae or Freddie Mac) or do a loan they can get rid of to the eventual servicer at a profit.