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14 January 2024 | 5 replies
Not sure IF Reverse mortgage DEBT (outstanding balances) show up on ones credit report as a trade reference or not?
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29 December 2015 | 39 replies
Im not leaving my god damned home!
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22 September 2022 | 4 replies
I highly recommend them as they are an outstanding lending team we have used on many similar projects.
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17 August 2022 | 213 replies
I remember saying to myself, "damn these new SFRs" are cheap.Today that same sign shows starting in the low $300k.
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9 March 2019 | 153 replies
ROI = (Gain from Investment (GI) - Cost of Investment(CI)) / Cost of InvestmentFull Cash: GI=$85k (sale proceeds) CI= $100k: ($85k-$100k)/$100k=$-15k/$100k=-15%Levered: GI=($85k(sale proceeds)-$80k(outstanding debt)) CI=$20k [($85k-80k)-$20k]/$20k= ($5k-$20k)/$20k=-$15k/$20k=-75%n.b Transaction costs are ignored for simplicity and ROI is not the best measure to use when evaluating the sale of a rental since it 1. assumes the home was bought and sold in the one year and 2. it is not an accurate measure of total return since it does not take into account cash flow from operations.
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17 January 2019 | 30 replies
I'm struggling about the type of mail, because the handwriting and stuffing envelopes takes so damn long, but it seemed effective.
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2 July 2022 | 9 replies
Damn, hit post too soon…..we require a non refundable pet fee when a new renter moves in($250.00), then we charge animal rent of $50.00 per animal per month.Hope this helps,Cheers
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14 January 2024 | 0 replies
I'm not exactly sure what contracts need to be signed and I'm looking to source one, this is something I'm currently researching further4.1) The contract needs to protect me from seller's bankruptcy, change on mind for the deal, assist me with the lender in the future if required and more5) Inspect the property, check for outstanding lien, hoa, mortgage payment, insurance, tax 5) Closing costs - agent 2.5% ( if they are part of it ), escrow/title transfer (??
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6 May 2015 | 74 replies
I am pretty damn intelligent, but I actually don't have huge amounts of mental horsepower.
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16 December 2021 | 6 replies
Fast, simple, investment level choice, outstanding profit margins, not a lot of competition (most investors have no idea how or why this niche housing segment works).Take the cash you make and invest in income producing real estate :)