11 March 2020 | 1 reply
If so, they remain under that lease and those terms (including rental price) until expiration.If this isn't the case, send them a letter advising that you are the new owner and that their rent payments are to be payable to ( you) and sent to (wherever you want) by the 1st of the month.
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1 April 2020 | 14 replies
That definitely makes it harder to compete and remain discipled and conservative.
12 March 2020 | 10 replies
I have calculated the ROIs of a buying a rental property versus simply buying into the SP500 and sitting back for 30 years.Rental Property Analysis:Initial Cash investment - $45,000Purchase price of $200,000 on 20 year termCash Flow neutral for loan term of 20 years.Cash Flow positive for remaining 10 years. 30 Year Approximate Net Profit = $110,000 Cash Flow + $300,000 EquityROI = ($410k / $45k) or 911%Stock Market Analysis:Initial Cash investment - $45,000Purchase shares in SP500 Index Fund30 Year Approximate Net Profit assuming 10% growth rate = $847,683ROI = ($847,683 / $45k) or 1883%Am I missing something?
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15 March 2020 | 17 replies
So even if I got the 200k from VA with no down payment then I would still have to pay a down payment on the remaining 115K.
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27 March 2020 | 2 replies
The judge said we could not remove his property & had to give him the opportunity to come back tying up our property even further.
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12 March 2020 | 4 replies
*Never owned a home before, been a renter of condos/duplexes for 10+ years*Currently in Las Vegas, but have some knowledge/ties to Indianapolis, Atlanta, Jacksonville, and Orlando markets.
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11 March 2020 | 2 replies
I’m hoping folks could shed some light on any benchmarks they’ve noticed along their journey through real estate where banks consider your LLC as self sufficient and no longer tie you to W2 income.
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8 July 2020 | 8 replies
Only the concrete side walls remain.
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12 March 2020 | 1 reply
Currently our rate is 4.875 and we have about 20 years remaining ($130k balance).
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13 March 2020 | 7 replies
Im not only concerned about the possibility of losing money in this deal but also the opportunity cost of tying up $250k cash during a time that could turn into the greatest time to buy since 2009.