Stephen Touma
liquor store investing
2 May 2020 | 7 replies
The prosecutor said we had a very weak case because the store's manager who was on duty when the theft happened was fired right after I sold the store (at a $58,000 loss).
Alejandro Diaz
Tenant Wants Reduced Rent
13 March 2017 | 28 replies
He will find the money but would obviously prefer that you take the loss.
Peter B.
Hard money lending HML
20 February 2017 | 6 replies
I recommend the GC get Builders risk insurance with you as the loss payee.
Skip Gilliam
New to investing should I even consider this commercial office?
28 December 2015 | 4 replies
Also look at the annual financial report to see if they are reporting a profit or a running loss for the HOA.If this building is older plan on special assessments or monthly dues rising at a fast clip to cover ongoing repairs needed.
Jamie Hinrichs
Help becoming a better landlord in my HOA
5 January 2016 | 5 replies
Some have written into their lease that any violations/fees incurred are the sole responsibility of the tenant in order to recoup any losses they may have.Hope this helps.
Erik Johnson
50 Year Mortgage
4 January 2016 | 34 replies
Food for thought: $100k loanTerm Int % Pmt/month15 3.875 733.4430 4.5 506.6940 6.0 550.2150 7.5 640.23
Rod Desinord
Anyone familiar with the invite process for Premier Asset service
26 January 2016 | 1 reply
I'm a little late to this party, but I'd love to know if you've had any success with your hunt for a PAS invite.Wells Fargo is actually one of my better appraisal clients and I had them go up the ladder on the REO / Valuations side to see if anybody could answer that question and everyone along the food chain told me no.
Vonetta Booker
Buy/hold refi cash-outs only when getting $$ back?
28 December 2015 | 3 replies
/month in cash flow (after all expenses, including a PM) once I do the Refi.3 - Must recover any cash I put into this deal, including cash back and cash out from the refi, and cash flow, within the first year.Example #1: Total cost = $55k; ARV = $60k; 75%ARV (refi) = $45k; Cash OOP=$10k; MP = $300/m Cash Flow before refi (6 months) @$700/month = $4,200Cash Flow after refi (6 months) @ $400/month = $2,400TOTAL Cash back 1st year = ($3,400 loss)I wouldn't do the above example #1 since I would be $3,400 short at the end of the year.Example #2: Total cost = $50k; ARV = $60k; 75%ARV (refi) = $45k; Cash OOP=$5k; MP = $230/m Cash Flow before refi (6 months) @$770/month = $4,620Cash Flow after refi (6 months) @ $540/month = $3,240TOTAL Cash return 1st year = $7,860 - $5k OOP = $2,860 total GainI would do the above example #2 since I would be $2,860 ahead at the end of the year....as long as the Cash Flow of $540/month would meet my Rule #2 above of minimum cash flow after the refi loan is in place,and......as long as the refi amount of $45k was enough to move forward with the next deal.
Account Closed
Thoughts on real estate agents carrying firearms...
5 January 2016 | 89 replies
Guns are no more a part of that business than religious beliefs, political affiliations, or favorite foods are.
LOUIS WANDEU
what do you think about this deal?
28 December 2015 | 1 reply
This file is ready to close, get this in your profolio before the end of the year and claim it as a loss on paper for tax advantages!