16 September 2021 | 35 replies
Now my buyer is coming into town on Tuesday to view some of the 8 properties that he ran an analysis on (Some owners had more than one property they wanted to sell) that match his description which are all off-market properties!
19 July 2011 | 7 replies
I like to use Redfin because they show the pics, type of financing used, sales history, and property description from the original listing.
14 February 2023 | 5 replies
If you prefer emails/phone/zoom,you can extend your geographic options).
25 April 2018 | 2 replies
On-site Maintenance.Unit breakdown:16 - 1 bed/ 1 bath --- $600 month a year lease, $650 month w/6 month lease and $700 month72 - 2 bed / 2 bath --- $700 month a year lease, $750 month w/6 month lease and $800 month16 - 3 bed / 2 bath --- $800 month a year lease, $850 month w/6 month lease and $900 monthDeposit same as lease and Pets have $500 deposit for 1st and $250 for 2nd with 2 limit max and 30lb maxNumbers breakdown that are provided (assuming not actual number) Acquisition Costs Purchase Price, Points and Closing Costs $8,944,500Investment - Cash $1,824,500First Loan $7,120,000 Investment Information Purchase Price $8,900,000Price per Unit $85,577Income per Unit $8,618Expenses per Unit ($2,229) Income, Expenses & Cash Flow Gross Scheduled Income $896,255Total Vacancy and Credits ($8,736)Operating Expenses ($231,861)Net Operating Income $655,658Debt Service ($529,074)Cash Flow Before Taxes $126,584 Financial Indicators Cash on Cash Return Before Taxes 6.94%Debt Coverage Ratio 1.24Capitalization Rate 7.37%Gross Rent Multiplier 9.93Operating Expense Ratio 26.12% ANNUALIZED INCOME Description Actual Market Gross Potential Rent $873,600 $873,600 Less: Vacancy ($8,736) $0Misc.
13 July 2022 | 0 replies
Some of the tax assessors web page are not very descriptive, because they don't show exemptions / homesteads, so you don't know what to use.
18 July 2021 | 63 replies
Below is a brief description of each risk item.EvictionOne of the largest unplanned expenses you may face is evicting a non-paying tenant.
17 May 2023 | 8 replies
@Wilson Vanhook The realtor you work would be familiar with the real estate farming strategy to generate consistent business from a specific geographic area.
7 May 2016 | 10 replies
However more than 50% of my time was spent at both my county's local assessors and recorders office obtaining parcels numbers from the books of maps using rods and. measurements from the legal description that are on the deeds.
28 July 2023 | 13 replies
You might be better off with 2 or even 3 pms because that is a pretty large geographical span
11 May 2015 | 7 replies
Basic RE law, deeds, transactions, tile examinations, encroachments, encumbrances, liens, assignments, RE financing, surveys, legal descriptions, conveyances.....but the really important stuff is in the beginning, what RE is, why it is valuable, what improves a property, why it is marketable, valuations and the different interests held in title that are basis for all investor strategies.