Pilar Jin
Newbie: What to do with mortgage loan when selling the property?
5 November 2018 | 2 replies
Assuming you are doing a traditional sale with a title co., they will get a pay off from your lender and disburse funds to them from the sales proceeds....you never see or receive that money.
Christian Nachtrieb
Solo 401k Benefits / Disadvantages
6 November 2018 | 11 replies
My only costs are Title & Escrow.
Nicholas Bastianelli
In Need of Investment Contract
5 November 2018 | 1 reply
I have collected all property docs, title docs etc, will be going to go to my first foreclosure auction next Thursday and am in need of a investor agreement/contract.
Sammy Lyon
Comparing Landlord Insurance quotes
13 December 2018 | 4 replies
I was wondering if folks had insight on quotes for landlord insurance.
Michelle Santhanam
Do I need liability insurance for a flip on the market?
5 November 2018 | 3 replies
Just as a little background, my first flip was with two partners, one of whom purchased and insured the property.
Guy Yoes
Buying 5 duplexes: Commercial or residential loan?
5 November 2018 | 4 replies
I’d buy them individually, all at once.....the financing rate and 30 years would offset any additional closing costs, and many of the costs you’ll have will be the same anyway...title search/insurances, appraisals, recordings, etc.
Bob S.
First Time Investor/Potential Landlord
16 November 2018 | 2 replies
I have a decent budget for a down payment for several units and I was thinking of starting with something like the following...Unit type: Condo (only looking at turnkeys; not going to rehab - much)Asking price: $182,000 - would offer $160,000Fair rent price: $1,600/moProperty taxes: $2203/year; $184/moHOA: $223/monthMortgage (P&I): $635/moLandlord insurance (estimated): $20/moOptional considerations:Property management: $160/mo (10% of the rent; I am not going to use property management at first; I will manage it)Vacancy: $160/mo for as long as it is vacantRepairs: $80/mo as neededI obtained the optional numbers above from here:https://www.biggerpockets.com/renewsblog/2013/01/1...This comes down to...Worst case scenario of $138/month given vacancy, property management, and repairs.Best case scenario of $538/month without any of the optional considerations - so hopefully this is the profit I would be looking at almost every month.Thoughts?
Daniel Lehman
analyzing for property insurance
10 November 2018 | 4 replies
I am trying to analyze a lot of properties and i am having trouble with figuring for property insurance.
Sandrine Petrou
Rental property Deal Structure
8 November 2018 | 0 replies
Will the Investor be on the title or the entity (s-corp) itself ?
Malcolm Mcdowell
Auctions on foreclosures
9 November 2018 | 15 replies
All part of the game.Get title insurance.Keep bidding at what you are willing to pay.