Mike Abramov
Seller didn’t complete the work promised
27 April 2018 | 2 replies
I typically do not ask buyers to make repairs or do anything to the property both because of this and because they'll do it the cheapest and laziest way possible.
Caitlin Bigelow
How to evaluate building an ADU vs. buying a SFR.
29 April 2018 | 9 replies
Typically because the land is already purchased the rent to cost is very good on an ADU compared to purchasing a new property.
Mariana Pasin
Furnished Student Rentals
28 April 2018 | 13 replies
I rent out the rooms.What I’ve learned is having a room w a private bathroom is golden for my tenants they typically come from other roommate situation sharing a bathroom, having a private bathroom they see it as a luxury..Typically when rooms are rent out utilities are included, high speed internet is most important Utility for them..
Sheena Varghese
Converting Garage to 4th unit on a Triplex
2 May 2018 | 6 replies
Typically you have to show dire difficulty or unique circumstances which warrant the change.
Lesley Ray
Help Analyzing Cleveland Properties
23 June 2018 | 22 replies
I have decided to expand my search, as you said, I've realized the numbers just don't make sense for those areas.Do you have a wholesaler you work with or do you typically use MLS to find properties?
John Woodrich
State Tax Deed and prior liens
25 May 2018 | 11 replies
@John Woodrich - I think what the clerk was trying to say was that the tax deed typically does not convey title with it.
Joshua Nash
Question for the Very Experienced Investors
27 April 2018 | 1 reply
I am wondering what the average investor can typically expect for a return when they do their homework.
Joseph DiNardi-Mack
Zillow & Apartments.com Declining Listings
30 April 2018 | 2 replies
I own a unit in a high rise building in New Brunswick NJ that I typically rent out to college students via my own network.
David Ivy
City of Austin vs. "Predatory" Flippers/Wholesalers
30 March 2019 | 8 replies
There are already statutes and regulations regarding fraud and deception in real estate transactions.Educating people who want to be educated is fine, but if a governing body restricts the pool of ready and willing buyers, more properties will go to foreclosure and sit on the market longer.Real estate investors perform a vital function in every jurisdiction: putting properties back on the market, in good condition.Many of the properties they buy could never pass conventional lender's inspection because they typically require tens of thousands of dollars in repairs that most homeowners do not have or cannot do themselves.Additionally, many real estate investors near metropolitan centers can access almost an unlimited pool of funding to buy and remodel properties if the numbers work.From contract to close, the time can be in as little as 3-4 business days.The delay is mostly waiting on title companies.So when flippers mail letters and post cards to owners saying they can "close quick" and "all cash", that is a fact, not fraud.Of course, realtors will recommend you list your property – that's how they make money – so they are self-interested, which makes the report biased.Maybe next time you can have a "flipper" on you show for balanced reporting.The idea of anyone feeling "pressured" by getting a post card or flyer is ludicrous.If the homeowner doesn't want to sell, the solution is to throw them away.But the idea of "there ought to be a law" is equally ludicrous.If there are bad actors committing fraud, the answer is to enforce the laws already on the books.Out of all the properties posted for sale every 1st Tuesday of the month at the trustee's sale, a very large percentage never make it because they are bought by the very flippers you disparaged.If not for the real estate investing community, cities around the country would look much, much worse.My biggest complaint with your report is that you completely failed to get the rest of the story.Your editor needs address this."
Account Closed
Is CAP rate, CoC really that important for a new buy, hold/ren
28 April 2018 | 10 replies
I am trying to make sure I don't pass on a deal because of it not meeting certain metrics.Is cash on cash return and CAP rate really important for someone who plans to buy/hold/rent (long term) plain jane, blue color, type properties (SFR/small multifamily) in order to replace w2 job income?