Leslie Brown
Title Company or Attorney for Wholesaling in Lubbock
14 November 2018 | 1 reply
Investor friendly that knows assignments, double closing, etc.. title companies or attorneys?
Amir B.
Lakewood Ohio Quad- Contingent
1 December 2018 | 12 replies
Get's very messy that's why everything is always run through realtors.Knob and Tube not a big issue I have homes that are insured and have this electrical wiring.
Shawn Mcenteer
Purchasing property that had a flood
14 November 2018 | 4 replies
The main issue I think you are going to have if you move forward with this property is the only insurer that will take a property that has had a recent loss is the (National Flood Insurance Program) NFIP or government program (What is the NFIP?).
Logan Gill
I Need/Want Your Input... Yes, You!
14 November 2018 | 2 replies
Show license, insurance.
Account Closed
New Agent in Michigan
16 November 2018 | 3 replies
Hi, as the title says I'm newly licensed here in the Metropolitan Detroit area(Michigan).
Nina Zou
Just got license. Purchasing my first house. Need help.
14 November 2018 | 1 reply
After that I guess I only need to give everything to the title company and they will get all the rest done.
Jacob Breazile
First Duplex Purchase
22 November 2018 | 22 replies
@Jacob Breazile - Make sure to account for the following expenses:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance Property Hazard InsuranceFlood InsuranceEarthquake InsuranceUmbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy) Water § Sewer § GarbageElectricityNatural GasPropane9) General Maintenance (usually 5%) Upkeep § LandscapingSnow removalRepairsNew Appliances10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.)
Matthew McNeil
Are you willing to invest in RE appreciation with 2 caveats?
17 November 2018 | 55 replies
The title of my post is "are you willing" to consider other options [without it being immediately interpreted as speculation].Several nuggets in your feedback post.
Tyler Amnott
Section 8 yes or no?
5 December 2018 | 14 replies
For low income neighborhoods, I prefer SEC 8 which is essentially an insurance program for the landlord that ensures they will get the rent, even if the tenant loses their job.
Daniel Sisto
Property Managers Handling Payment Of Taxes / Insurance / Utility
26 November 2018 | 5 replies
Good morning BP, Looking for different examples and advice as to how property managers handle the payments of taxes/insurance/utilities for property owners?