Jim B.
Evaluate my land contract purchase
29 January 2015 | 2 replies
$150/month deducted from remaining purchase price ($82,000 after down payment)Contract is renewable every 12 months.Renter moves in Feb 16th on a 1 year lease for $1,000/month and is responsible for all utilities.Management is in place at 5% of monthly rent.That basically leaves me with $200/month cash flow before accounting for capital expenditures, maintenance, etc. after $50 is taken out for management expenses.My plan would be to either:-go through with an outright purchase before the first year, or, -shoot for a cash-out refi after the first year term, after (maybe) putting down another $5,000.In either instance, I would probably list it as a turn-key rental property for sale at $90,000-$100,000 and/or continue to rent it long term.Your thoughts?
Steve P.
Advise from Commercial investor request
30 January 2015 | 3 replies
For instance if the total project is 100,000 sq ft retail and they have completed 10 projects like this before that can be a plus.
Nazz Wang
8 Unit Building, how much would you offer?
31 January 2015 | 12 replies
For instance, single family and multifamily properties are drastically different.
Breanne A.
2% rule and CAP rate vs. COC return
30 January 2015 | 7 replies
For instance, if I can get a 4% loan then I need, at least, a 7 cap property.I hope that helps.Good Luck.Bill
Michael Glorioso
My first cash buyer.
31 January 2015 | 4 replies
For instance, if I can buy for $50,000 and rehab is $10,000 I will count rehab as $12,000.
William Byers
How We Learned to Love the Core Real Estate Asset Pricing Bubble
4 February 2015 | 0 replies
., for instance).
Jeff L.
Absentee Owners Lists Getting POUNDED
22 October 2018 | 34 replies
since I am in many markets I get a ton of these every week and all of them with a little different twist. but the exact same messageI want to buy your houseI am not a realtor and will save you RE fee'sI can pay cash in as little as 3 daysI can close on a date of your choosingI pay all costs.So when potentials on the list get the exact same message 20 times they start to put it together. the subterfuge of trying to make the letter look like its hand written or whatever becomes meaningless in those instances.
Maura Paler
Conventional Loan - Apply to 2 Banks?
5 February 2015 | 15 replies
The rule is very clear that after your first credit pull for a mortgage inquiry, any additional pulls will be lumped in with the first one and should be treated as one pull.No way of guaranteeing thats actually what happens in every instance but I do know thats the rule and I'm pretty sure those credit reporting companies need to stick to the rules.btw: My story on two loans.
Rod Coleman
Finding a Trust worthy mentor or Partner
5 February 2015 | 5 replies
For instance, as a woman, if I were to bring my car in to simply get an oil change and call it a day, the guys would look at me as a huge dollar sign.
Ilona Kovacs
How to invest in RE when you don't have a lot of time?
6 February 2015 | 6 replies
So for instance, I wouldn't have that much time to go look at properties (I'm also looking out of state to invest).What type of investing would be beneficial to me?