Mahan Shahverdi
Apartment building purchase !!!!!!
17 September 2019 | 7 replies
@Mahan Shahverdi1-4 units you could use residential financing - conventional. 25% down on 2-4 units for an investor.
Account Closed
Question about how depreciation is calculated
14 July 2018 | 7 replies
Abstract fees (abstract of title fees).Charges for installing utility services.Legal fees (including title search and preparationof the sales contract and deed).Recording fees.Surveys.Transfer taxes.Owner's title insurance.Any amounts the seller owes that you agree to pay, such as back taxes or interest,recording or mortgage fees,charges for improvements or repairs,and sales commissions.Settlement costs do not include amounts placed in escrow for the future payment of items such as taxes and insurance.3) if there were other costs incurred to acquire the house such as if you spend money for tax advice, tickets to fly to look at the house( or milage) and such also gets added to the basisGood luck
Tashinga Musekiwa
Fix and flip w/ no money down help!
25 July 2018 | 7 replies
I suggest building up some cash either by wholesaling or your job HML will only charge fees that could be put in your pocket. get the experience in first before you start flipping with your own credit you will not be upset.
Joe M.
How did you go from 1 to 2?
14 July 2018 | 9 replies
My first two were primary homes, 3 years apart, the 3rd is a cash BRRRR 6, 4th property is conventional loan with cash down payment.
Ben G.
What's Your Take on Pet?
18 July 2018 | 17 replies
What kind of monthly fees or deposits do you charge?
Account Closed
Accounting NERDS! Help! :)
15 July 2018 | 11 replies
Now obviously this is unlikely in today’s market but that’s how it would work.As the private lender I’d charge 2-3 points and 10 percent interest, amortize over say 20 years and balloon payment at 1 year.Put the mortgage on record and away you go
Mealyann Saing
Have $30k for down payment, want to buy a home, no w2! Help!
10 February 2019 | 12 replies
FHA or conventional?
John Hovanec
Evaluating mobile home park
28 November 2018 | 17 replies
Does the seller have the lot rent and the rent he charges for the mobile home separated on two different spread sheets?
Jeff Klein
"1031 Cooperation clause": Should I include it in my sale contrac
17 July 2018 | 8 replies
@Jeff Klein, The technical convention for the 1031 is that you assign your rights to sell (and later to buy) your relinquished property to the QI.
Heather Rodden
Eviction/moved out partially
16 July 2018 | 13 replies
Obviously, I'm not an attorney and I haven't verified this with one, but I've heard in my state you can charge a storage fee (equal to a month's rent) for holding their property, charge them whatever amount your lease says for releasing fee, and then add on whatever damages the deposit won't cover.