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Option deal on mixed-use - am I missing anything?
11 July 2007 | 5 replies
He skips from OH to FL, effectively abandoning the property and lease.
Willis Seng
Finding good properties
15 July 2007 | 3 replies
Some have very focused efforts so before a deal even passes by their desk it is effectively pre-screened.
Jimmy NA
Purchase or Pass?
12 July 2007 | 8 replies
Ok, here it is:My offer is 173k with 13K back at closing.Total Purchase Price $173,000Seller Concession $13,000 (roof repairs and closing costs/fees)Downpayment (15%) $25950Debt Service: $1330 per month Finance $147,000 x 9%= $1330Gross Rents: $2775 $400 (15% vacancy/rent loss)Effective Rent: $2370 Expenses $1100 (water, insurance, taxes, trash, grounds, misc.)Do I buy or pass?
Joshua Hill
vacancy time period
13 August 2007 | 4 replies
Your writing style for ads can make a difference; your phone and/or in person presentation will have an effect.
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Gauging Interest in Note Buying
16 July 2007 | 3 replies
So if you bought 2 loans you would be leveraging $300k for $86k.There are a lot of effective possible investment strategies that I can get in to more if need be.
Greg` D
Westchester County NY
13 December 2009 | 6 replies
Lending libraries, lots of networking time, great speakers, members who have services on offer that you really would benefit from, discounts for members so the cost of membership is effectively free.3.
Barry Craig
Deal or no Deal
19 July 2007 | 3 replies
20 Unit Brick Apartment, Pitched Roof (new x 5 years) Separate metered utilities (owner pays none)All electric central air/heatNo Vacancy, waiting list to get inDebt service: Asking 750,000 Get for 680,000680,000 at 10% down 7.75% 30yearYear:2007Scheduled Gross Income:$125,400 Vacancy: $3,000 (never know) Effective Gross Income:$122,400 Maintenance: $8,000 Taxes: $2,809 Insurance: $8,000 Management/Grounds/Misc: $18,502 Total Expenses: $37,311 Net Operating Income: $85,099 Debt Service: $53,573 Pre-Tax Cash Flow: $31,526Monthly Per Unit Cash Flow: $138.202 bed 1 bathNo.
C Bennett
Questions about how to handle wholesale properties
18 July 2007 | 16 replies
Buyer will notify seller of satisfactory inspection within 30 days of effective date of this contract."
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New from Portland, OR moving to Boulder, Co
26 July 2007 | 7 replies
The downside is that the meetings are really big (300+ ppl) which means you have to be proactive if you want to network effectively.