Ryan Phillips
Wholesalers, why take a finders fee and not partner?
23 March 2021 | 50 replies
This seems to be how most wholesalers I come across seem to try to operate, either out of ignorance or by design.This does nothing to remove legal or moral concerns either, BTW.
Joe DeFarias
Boston Area 2 Family Owner Occupied Renovation - Joe DeFarias
1 March 2017 | 14 replies
We will be removing the existing pantry and converting it into a half bathroom and we also plan to increase the size of bedroom #1 on the second floor and combine the enclosed front porch by removing the exterior bearing wall and replacing it with an LVL beam.
Steve S.
Buying a 1940 house as a rental
6 February 2017 | 13 replies
I know that we have one home in our portfolio that had a small amount of asbestos that we removed, but it is the only one that we have come across.
Derek Carroll
How would you increase the curb appeal of this house?
11 February 2017 | 7 replies
Remove the ramp and shutters.
Erick Garske
Insurance Company we not renew policy after claim
6 March 2017 | 15 replies
They sent over a payment agreement that contained the clause:agrees to pay $2,182.60 for unbilled utility service rendered at [Address Removed] for the time period December 09, 2015 THROUGH November 30, 2016 .
Scott L.
I don't understand when people refi and "get their money back"
24 February 2017 | 52 replies
Yes John you can up to 10 with fannie mae and up to 6 total financed properties with freddie mac, both of which are still considered conventional financing.If you hit the ceiling you can use portfolio money programs to remove your properties off your name and into a LLC thereby "freeing," up your 10 and 6 financed properties to be ready for another round of rinse and repeat.
Patrick Kendrick
BRRRR SUCCESS! LESSONS LEARNED.
17 January 2017 | 11 replies
..of sorts.POS Triplex BUY: $105,000 Costs: $7,900 Rents: $1,100 mo Financing: Hard Money 12% interest only for 9 mo (stings)REHAB:Repair costs: $9500 Misc: Includes "cash for keys" to remove inherited tenantsRENT: $1900 Misc: Fully performing with professional management in place at 8%REFINANCE:Appraisal: $200,000 Great news!
Joseph Lee
Holdover Tenant- Move Out Requirements
29 January 2017 | 4 replies
Please remove all trash and do not leave any furniture, as the trash hauler charges extra for mattresses and furniture, which would be charged back to her if left by dumpster.
Garmeon Y.
Trump Nation suspends FHA rate cuts
9 February 2017 | 51 replies
We are closing on our first multifamily home and would have benefitted from the reduction, now not so much.Add to the fact Trump wants to limit mortgage interest deduction and remove 1031 exchange, both huge reasons to be involved in real estate, his presidency is already looking grim, and that doesn't even consider his social policies, just what's relevant to this community.
Kenneth Wong
Lease to Own - 7 yrs
9 February 2017 | 3 replies
Providing the above is current, the landlord pays for all utilities, real estate taxes, snow removal, lawn care; projected 7 year costs as follows:Electric $21KGas $16KWater $ 6KReal Estate taxes $35KSnow removal $ 1KLawn care $ 1KProjected Utility Cost: $80K (7 years)NOTE: 7 year totals: Projected Income: +$194,400 (lease to own family) +$ 50,400 (caretaker)Refi: +$ 94,000 (conventional bank or landlord)Addt'l Payment: +$ 70,0007 Year Total: $408,4005.