David Hald
Private Loan @ 4% via family lenders?! What do I do?
8 July 2018 | 9 replies
I hadn't thought of that, and I wouldn't expect it, but it's a good point to note and perhaps worthy of adding a clause into the agreement/proposal regarding the investors' roles and abilities to influence decisions.
Asher Carr
WHOLESALE OFFERS ON PRETTY HOMES
6 August 2018 | 2 replies
For extra credit, you should refer them to a great listing agent and make the introduction!
Peter Durant
Flooring choices for new unit
6 July 2018 | 13 replies
I actually ended up just leaving everything because I got lucky.I guess if I was intending on keeping this longer I'd probably do something other than carpet, but I rather put down new flooring as I go to sell it vs now to get an extra 100-200 mo..
Jeremy Hysell
Analysis Help - 12 unit on MLS
13 July 2018 | 3 replies
Details in MLSUnits: 6Taxes: $5874 (annual)Gross Income: $48,600 ($675 per month)Net Operating Income $38,838Total Expenses: $9762Vacancy Rate: 5%Asking Price: $449KOwner pays Trash & Water______________________________________________________________Based on the expenses I am assuming that the property management is completed by the owner and that they are including ~$4K a year in insurance.I ran the numbers in my own Deal Analyzer and I added:5% of Effective Gross Income as Maintenance Expense 10% of Effective Gross Income as Property Management ExpenseBumped the vacancy rate from 5% to 10%Insurance: $3000 (annual $500 per door)Water: $3240 ($45 per door - typical in city)Trash: $1,800 ($25 per door - complete guess)$12K for improvements ($2k per door)20 year note @ 5% with 20% down (assuming full asking price)2% Closing costs______________________________________________________________My numbers show a Cap Rate of 5.7%, cash on cash return of -5.12% and -$1,668 of annual cash flow.
Violet Minnella
USAA's REAL ESTATE REWARDS NETWORK
17 April 2021 | 15 replies
Now do you think that means that in most cases, you are directed to an agent within "their network" who is willing to work for half price to show you homes and negotiate the deal are eager to jump and put in extra effort or deliver the best service?
Account Closed
I need a Texas real estate attorney to send out notices
7 July 2018 | 9 replies
I understand that there are some folks that will not cure a default and there is no need paying extra on them.
Brian Meroni
Finally...Ready for my first deal!
10 July 2018 | 9 replies
Adding bedrooms or bathrooms, low price per SQFT, etc.
John Keenan
New Investor in the Massachusetts area
13 July 2018 | 12 replies
(emphasis added).Unless I'm misunderstanding you, this is a formula for disaster, Perhaps you're suggesting @John Keenan load up his offer with contingencies that will allow him to bail out later when he's finished his homework?
Anu Shah
Stay in rental property post giving a notice of vacating
7 July 2018 | 3 replies
Maybe offer an extra $100/mo to cover their hassle?
Nick Causa
Quick Bookkeeping question
21 July 2018 | 8 replies
Then any time you spend from a column you enter that as a negative.For clarity sake I also found that this go to be a lot of extra work as you are essentially creating a budget and then tracking your spending relative to that budget.