Angie Castro
Bye bye Airbnb
20 May 2024 | 3 replies
I currently have two houses being built for sale and we need the money from our property.
Chan K.
Landlord Leaving your Job
21 May 2024 | 9 replies
Ideally, if the numbers are close and you're considering quitting your job is there also a way for you to freelance or do something else for extra income part-time?
Danielle Owens
PML for fix and flips and short sale
18 May 2024 | 9 replies
Hi, I am just wondering what a potential PML would be looking for in a deal. I am wanting it to be a win/win situation for everyone so we all walk away happy and with money in our pockets. Just wanting to provide the ...
Keyvan Moussavi
411 E Broad - FSBO, Renovated and Remodeled and Sold To A New Family
18 May 2024 | 2 replies
Purchase price: $900,000 Cash invested: $240,000 Sale price: $1,520,000 Was driving by home this time last year and saw a FSBO sign.
David Quinn
Boston area Agents and designers - kitchen and bath design element advice please!
20 May 2024 | 2 replies
We're hoping to sell the condo's for as close to top dollar as possible.
Hendrick Lee
Recommendation for San Francisco Rental Lawyer
20 May 2024 | 2 replies
His contact information:Wiegel Law GroupReal estate attorney in San Francisco, CaliforniaAddress: 414 Gough St, San Francisco, CA 94102Hours: Closed ⋅ Opens 9 AM MonPhone: (415) 552-8230S
Erik Hempel
Large-ish Double Close on a Portfolio...
17 May 2024 | 2 replies
The wholesaler who has the portfolio has all of the properties tied to one contract, and due to some prior legal disputes, this contract is actually 3 years old and just received a judicial order allowing the buyer to proceed to closing.
David Eyal
Tenants broke up and girlfriend refuses to leave the house
21 May 2024 | 10 replies
So the situation is that this happened very close to the end of the lease so i don't have much time.
Pratik Kochar
Input on Investment opportunity
20 May 2024 | 1 reply
Both properties fall into Class B- category and has no HOA and no rental restrictions.Here are the details for each property:Property 1:3 Bed, 2 Bath (1020 sq ft)Purchase Price: $250,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $50,000 + $30,000 (rehab) = $80,000)Projected Rental Income Post-renovation: $2100/monthProperty 2:2 Bed, 2.5 Bath (1168 sq ft)Purchase Price: $230,000Moderate rehab needed (Kitchen, floor, bathroom sink vanity, light & fan fixtures, interior paint)Rehab Cost: $30,000After Repair Value (ARV): $295,000Down Payment: 20% (Out of Pocket: $46,000 + $30,000 (rehab) = $76,000)Projected Rental Income Post-renovation: $1900/monthThe location is moderate, with amenities like shops, restaurants, a mall, and a baseball stadium within a 5-mile radius.Considering buying both as they are in the same building, the total cost and income overview would be:Total Price for Both Properties: $478,000Down Payment & Closing: $96,000 + $10,000 = $106,000Total Renovations: $60,000Total Price (Including Renovations): $478,000 + $60,000 = $538,000Total Out of Pocket: $166,000Projected Gross Rent Monthly: $4000The rate of interest for the mortgage is 7.5%.I am currently evaluating: A) The break-even point for two townhomes considering a cash investment of close to 32%.
Mario Broughton
Are home owners losing their properties to fake foreclosures?
20 May 2024 | 11 replies
The homeowner will probably get tons of calls before the actual sale date giving him an opportunity to catch it early.