16 October 2011 | 8 replies
This unit is in great shape and I will spend less than $1K before listing.
17 October 2011 | 10 replies
Lenders have more to worry about in Las Vegas than "due-on-sale clause violations".As long as this loan remains "current & performing";...you have a better chance of "hitting the jackpot" at Caesars Palace, than having the lender accelerate an otherwise performing loan in good standing for a violation in the "due-on-sale clause".Spending a few hundred dollars with a good attorney that specializes in these types of land contracts should be worth the money. (...try finding these types of lawyers who are affiliated with your local Las Vegas Real Estate Investment Club).A lawyer of this type can create a new, or review and update your trust/sales-agreement, land contract, etc.Here's a different twist:How about a back-up agreement and a back-up deed?
18 October 2011 | 16 replies
While I'm open to pretty much any type of partnership opportunity (if the deal is right), the rehabs I've been doing for other investors have mostly been just a flat-fee type of arrangement where I come in and take care of all details of the rehab.Basically, I consult on the level of rehab and finishes, put together the deal analysis, help put together the budget/schedule, and then bring in my contractors, manage them day-to-day and complete the rehab for the investor as we've agreed (or as he wants).
19 October 2011 | 14 replies
My credit is excellent but i have a house payment of my own and my income has been a little off lately because I'm spending a lot of time working on my real estate investing.
15 July 2012 | 21 replies
They realize that the $150 title search is the best money they can spend on a property purchase.If a buyer of mine were ever to want to skip a title search (even if I were 100% convinced title was clear), I'd tell him he was crazy.
9 July 2020 | 11 replies
If you are subject to the passive loss rules because you make over $100k and you do not spend more time in real estate than in any other active profession, then there is no need to accelerate.
20 October 2011 | 6 replies
Even though they may have a solid rental history, budgeting for repairs makes me nervous.
25 October 2011 | 14 replies
I've budgeted some money for extra HVAC expenditures (5k committed, 3k overruns), unexpected framing, etc. that an inspector might see.
21 May 2015 | 62 replies
I never stop being amazed at the value of many of these apps as someone who has had to spend $hundreds and $thousands for business apps in the past.
26 October 2011 | 7 replies
Thanks for the info everyone, we'll definately be spending the next few months reading and obtaining as much knowledge as possible before buying our first property.