Ann D.
First SFR Flip Analysis $34k Profit
16 February 2016 | 13 replies
.) = 529 x3 months (March, April, May)$3456: Interest only HML payments ($92,160 @ 15% / 12 = 1152) X 3 months$ 1137 Dumpster fees x 1 month (10 yard dumpster @ $379 flat rate per 10 days)$ 3500 staging fees x2 months$20000 Rehab (extremely conservative estimate, actual cost pending)$5000 Possible Repairs (extremely conservative estimate, actual cost pending inspector report)$300 City Water, trash, sewer (@100/mo)$900 Electric ($300/mo)$84 HOA (@$28/mo)$300 Lawn mowing ($100/mo)Selling Closing Costs and expenses = $19,380$ 7140 (3.5% of ARV)$ 12,240 (6% agent fee)Total Profit = 204,000 – 169,217 = $34,783 (before taxes)
Nick Doria
What are some key things to look for when buying a condo??
28 March 2016 | 12 replies
This is the first condo sale that i will be doing as an agent so i want to make sure that i make things go as smooth as possible for both parties involved.
Rian Ash
Changing Title ownership to own more than 4 properties
2 March 2016 | 25 replies
If that were not the case if one party passes away that would terminate their title insurance and I don't think that happens.
Devin Royal
Purchasing First Rental for $75K
16 February 2016 | 10 replies
I usually max out at 60 X monthly rent for a purchase price but I am fairly conservative and need more cash flow because I stick to 10-15 year notes.
Joseph Stapleton
3 Multi-Unit Buildings / NE DC DEAL ANALYSIS?
20 April 2016 | 13 replies
Residents in the District retain the right to match any offer on a property...and also retain the right to sell that their TOPA rights to a 3rd party.
Julie Toh
2016 Global Real Estate Market Outlook
18 February 2016 | 3 replies
However, Asia Pacific office markets will be more mixed.Retail | Retailers and mall operators are adopting new “placemaking” strategies to compete with e-commerce, which combined with stronger consumers, should stimulate more demand for retail space globally.Industrial | Robust demand from e-commerce and third-party logistics companies for warehouse and distribution space—including for smaller in-fill locations within major metros—will continue to reshape the industrial market.To download the full report, go to http://corporaterealestategroup.com/2016/02/14/cbr...
Sib Bahjat
Pros/Cons of deeding a property to an LLC
19 February 2016 | 21 replies
If you have multiple parties involved as owners, you definitely need an entity.
Timara Marie
Contract
17 February 2016 | 7 replies
All you need is a standard real estate contract of sale agreement which both parties will get.
Rob Grove
Any way to buy foreclosures before they hit the market??
16 February 2016 | 11 replies
Caveat Emptor: Many state prohibit 3rd party intervention during the foreclosure process - - having laws against "Buyers of Equity".STRONGLY suggest you consult your state regulations in this matter BEFORE you attempt to contact the Bank or the current Owner.
Wesley Kuo
Greeting from a RE beginner in Southern California
29 February 2016 | 17 replies
(let's call these "other costs").Let’s say I actually spend $10,620 per year on other costs (this number is conservative by the way).