Aaron Sweat
Hard Money and Collateral
9 June 2024 | 5 replies
The borrower would then refinance within 6-12 months, repaying $440,000 (including a 10% return), allowing the lender to earn $40,000.It is feasible to get 100% finance at 8% with no points or fees through private investors.
Mitul Gandhi
Trying to start cold calling for off market deals - what website to should I use?
10 June 2024 | 12 replies
Currently my only marketing channel is mls through a real estate agent My goal by the end of next week is to figure out which websites to pull lists from and start to build a list of potential properties to analyze.If I am trying to buy a 4 plex off market by the end of April 2025What website should I pull my first list off of?
Amanda Bahil
How to collect back rent?
11 June 2024 | 22 replies
Your enforcement remedies under law are: 1) deliver a notice to pay per F.S. 83.56(3), 2) make a claim on the security deposit when they vacate per F.S. 83.49, and 3) seek collection of unpaid rent through lawsuit or collection company.
Alex Zweydoff
Exploring Additional Services That Could Be Offered by Property Managers
9 June 2024 | 8 replies
I have some thoughts to your question:1) Maintenance service plans (requires agreement with preferred vendor, or if you have maintenance staff, through your company)2) Landlord liability insurance through third-party insurance providers (note: this is in addition to a Dwelling Policy, which the owner should already have)3) Lawn maintenance service programs (requires agreement with a vendor for agreed-upon pricing, or if you have lawn staff to provide this service, through your company)4) Fee in lieu of security deposit (requires agreement with insurance company that provides this service)5) Increased inspection options (e.g.
Andrew Grimmett
Grandfathers Property I want to Rent
10 June 2024 | 5 replies
He gave me the property (through a Quit Claim Deed) but his name is still on the mortgage (which I have now taken over payment for).
Nicholas Lilly
Demystifying Texas Warranty Deeds: Warranty Deed and Special Warranty Deed
10 June 2024 | 0 replies
In this type of deed, the seller does not guarantee that their title is free and clear of any defects before the seller acquired the title or ownership of the property.A special warranty deed generally contains this similar clause:“Grantor does hereby bind Grantor and Grantor’s heirs and legal representatives to WARRANT AND FOREVER DEFEND all and singular the Property, subject to the matters set forth in this Special Warranty Deed, unto Grantee and Grantee’s heirs, legal representatives, and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof, by, through or under Grantor, but not otherwise.”Quit Claim DeedQuite contrary to general warranty deed and special warranty deed, a quit claim deed does not establish title of the seller in the property.
Matthew Gentile
MBA, practical to a real estate professional or not?
9 June 2024 | 35 replies
I love deal flow, its such an exciting atmosphere to be in.
Caleb Knighten
Advice Needed: Build-to-Rent Strategy with House Hacking
10 June 2024 | 1 reply
This way, I can secure financing through an FHA or conventional loan.The land and house have been on the market for some time, so I'm confident the owner would be open to negotiating.
Brendan M Hornung
Property Management Software for 1 SFR
9 June 2024 | 6 replies
I also use the BIGGERPOCKETS calculators to keep track of things like ROI and cash flow projections and update the data there on my buildings frequently.
Carolyn Guertin
Investing in Detroit
8 June 2024 | 21 replies
I've seen it swing hundreds of dollars per month and folks thought they were getting a cash flow deal but in reality they're losing money on it every month.Anyway, happy to shoot you a DM with more info/links/etc.