20 June 2020 | 16 replies
In an upcoming project (SFR) I need to replace the siding, windows, and roof...typical I assume but this is my first.
28 June 2013 | 7 replies
Yes, you need to have a few buyers lined up before you go start generating leads, and yes, you should know what your buyers want.But, in general, there is a profile for the motivated seller that we are searching for:1) Urgency - they want to sell fast for some reason2) Property Condition - there are repairs that are preventing them from selling quickly on the retail market (MLS)3) Price Range - most of your buyers will be looking for homes within a specific price range.4) Equity - they have at least 50% equity; without that, they are *not going to be able to accept a typical investor offer.
29 June 2013 | 7 replies
:) Also, I believe Ben Leybovich is in your area, and he's a great one to follow and learn from-- he was featured on one of the podcasts, and it was one of the BEST podcasts, IMHO.
2 July 2013 | 8 replies
A 'roll-over' is typically associated with a 1031 exchange, which means you would not immediately owe taxes.
3 October 2013 | 14 replies
Typically, landlords will require that income required for rental qualifying to be a monthly household gross income of 3 times the monthly rent.
4 July 2013 | 4 replies
For example, assume rents for each unit are $500/month – then:$1000 month rents x 50% rule = $500 – $500 owner occupied unit = 0The upside is on a $65K FHA financed property with the typical 3.5% down with today’s interest rates, your mortgage payment will be far less than you probably would pay to “rent” a comparable place.
15 July 2013 | 5 replies
The new revision is $5500 annually.Could you share names of companies providing insurance for 4plex properties and also the typical annual premiums?
26 October 2013 | 7 replies
I was looking for something that can hold all of my marketing leads, customizable with drop down leads, searchable and maybe even have some sort of mail merge feature.
7 July 2013 | 37 replies
Obviously I will have to do my own due diligence on rental prices but some that I've seen seem higher than market, which is what makes me wonder.Also, how long are you locked into their property management system typically?
30 June 2013 | 6 replies
Most will give you credit for the bonus income so long as you have consistently received it over the last 2 years and that its likely to continue.As far as getting pre-approved via a credit union or a bank, keep in mind that credit unions are regulated much differently than banks and mortgage bankers, so they typically dont have the depth of programs and cant go to as high of an LTV on the purchase as a bank or mortgage banker / broker can.As far as 4 units being tougher to finance.