Stephen T.
My newbie mistake: error on HUD-1 settlement statement discovered 1 mo after closing - any chance of going back?
9 February 2014 | 11 replies
Haven't posted much because I've been able to find just about everything I need on the site already.Here's my situation - and I can't seem to find anyone posting a similar issue previously.Sale price: $98KSeller agrees to pay 2% of closing costs: $1960Seller agrees to pay my half of transfer tax (1%): $980Total credits from seller: $2940Net price after credits: $95KI ended up for the first time in a situation where we didn't get the HUD-1 the day before (I have purchased/refinanced my own homes several times over the years and always had it at least the night before).
Corey Wogtech
Private Money Lender Advice
11 January 2015 | 24 replies
If you are asking for 60-65% ARV, have the contractor's budget and schedule that can be reviewed in detail, and have an appraisal that shows the numbers all match up, then it's probably something I'd consider.No track record would require a lower LTV, and a proven track record in similar homes in the same area may allow for a higher LTV.
Max Garcia Jr
I've Hit a Brick Wall with Leads, What Now?
13 January 2014 | 22 replies
Should be owner financed purchase, my money on the rehab, numbers in line (65%+/- less repairs) with low money costs on a $350k+ house.Back in the day I used to pull a lot off my newspaper ad, I imagine the web would be similar, but these days its pretty rare for the homeowner to have any equity around here, so the better deals are from banks, hedge funds, other investors, etc. so knowing people works better than letters and signs for me.
Bill Briscoe
Is this a pitbull?
12 January 2014 | 24 replies
I had an issue several years ago when I was in the Air Force where an Airman had a very similar dog living on base, which the housing authority did not permit.
Jim Fell
PUD Detached vs Single Family
9 January 2014 | 2 replies
A PUD (Planned Unit Development) could be attached (similar to a duplex) or detached (like a SFR, but often smaller or closer together).
Tom Scott
How small an area should I focus on?
10 January 2014 | 6 replies
Property values in the middle of the most densely packed zip codes (I'm focusing on 3 or 4) seem to be pretty similar when you look at price per square foot and some of the other metrics.
Brett Van Leeuwen
First Deal Analysis
11 January 2014 | 9 replies
I'm traveling in Colorado for business with only an iPad a the moment, so I think I'll get a spreadsheet app and try a full blown analysis similar to the great write up J Scott did: http://www.biggerpockets.com/renewsblog/2010/06/30/introduction-to-real-estate-analysis-investing/Maybe the numbers are on average lower than the 50% rule and it would cash flow $300+.Some questions on general baselines you like to see:What cash flow per unit works best for you, that you've found?
Joshua M.
equity stripping - cash out refi specifics
21 January 2014 | 15 replies
I am actually in a similar situation.
Shawn Mcenteer
how to find the truth about rental income of property
27 January 2014 | 18 replies
This is similar to calling the For Rent numbers but a little more expansive.
Levi Pollard
Good markets for starting
20 January 2014 | 18 replies
Similar to flipping but really just changing the category.