JJ W.
Is A $1500 Course on This Investment Technique Really Necessary?
23 February 2016 | 24 replies
That being said, if you want to do the test campaign of 100 letters/postcards (which is a good way to get your feet wet) and if you're expecting to see ANY kind of tangible, meaningful response from it, the quality of the copy and especially the quality of your list (along with how well you've filtered through the data) can and will have a major impact on your response rate.Yes - you can send out a direct mail campaign "just for kicks", but if you aren't taking the right specific actions along the way, you're going to be disappointed in your response rate, which will only deter you from taking further action (because you'll have the wrong idea from the beginning about the effectiveness of direct mail as a marketing tool).
Travis Washington
Why are PMIs so bad?
12 April 2015 | 7 replies
Also, you should verify whether the rate is impacted... generally the more down payment, the lower the rate.
Natalya Murphy
How do I negotiate new leases with my commercial tenants?
12 April 2015 | 1 reply
Assignment and Subletting, prohibited uses for property, remedies for default, Tenant requirement to have adequate insurance, Utility Bills, Tenant Interior maintenance responsibility, pest control, damage by vandals, Signs, Improvements become landlord's property at lease end, damage and destruction, Tenant Public Liability Insurance, Environmental, and any addendum's.As you just read, these leases are more complex and require professional representation as if you are trying to save $1000.00 by representing yourself and the lease has loopholes than you are opening yourself up for losses that can far exceed your initial savings.
Connor Bell
What about Condo Flips?
24 April 2015 | 10 replies
Generally the Condo Managers are learnt o give out the info other than for the CQ due the fact how they answer may impact loan approvals for the condo.Initially, if you are buying the condo as an investor (not owner occupied) your loan process will be more stringent and your lender with get the CQ to get the Condo Budget, the HOA delinquency rate (no more than 15% late), Master Insurance, Fidelity Insurance, percent of units owned by investors, and percent of owners that own more that 1 unit.Determining the ARV in DC shouldn't be too hard because the sales are plentiful at all phases.Once you rehab or you are done with your holding period, you want your unit marketable to all buyers so you want to make sure your Condo is on the FHA & VA approved lists of Condos.
Ryan O.
Goals and Aspirations
14 April 2015 | 4 replies
I am 20 years old, finishing up my sophomore year of college at the University of Michigan studying Economics and Environmental Studies.
Shawn Root
How much can Real Estate Agents bend the truth?
14 April 2015 | 0 replies
The reason that the house was shown "open-house" style is, ostensibly, to minimize the impact to the existing tenants.
Patrick Gleason
Condo Flip in Older Commercial Building. Advice Needed!
30 September 2015 | 5 replies
Will my sale price be impacted by these hallways and rugs?
Michael Lehman
Newbie from NoVa
1 October 2015 | 8 replies
It actually seems like an especially good strategy in the DC area since rents/mortgages are far higher than most of the country (and thus eliminating our housing costs would be an outsized impact on the budget compared to elsewhere).
Larry K.
Are buy & hold investors in NYC, SF, LA, etc at a disadvantage?
7 October 2015 | 108 replies
SJ, Bay area will be negatively impacted if nasdaq corrects significantly and China heads into recession.
Chris Daugherty
Financing out of state investment property. Tricky...
30 September 2015 | 3 replies
Something you might have to consider as it will have a big impact on your cash flow.