Chris Stratton
1031 Exchange - DST?
25 January 2024 | 70 replies
One was a straight-up purchase, the other included a loan component.
Wesley Mullen
Quick Claim deeds: Moving Rentals to an LLC
25 January 2024 | 9 replies
As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial interests transferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to purchaser.If all or any part of the Property or any Interest in the Property is sold or transferred
Andres Rossini
Glamping Resort Info to share for Prospective Buyers
25 January 2024 | 3 replies
In regards to what is important, I would include things like occupancy rates, all your expenses (maybe show some details when it comes to cleaning fees as this is a unique property).
Darrell Phillips
Is it possible to wholesale a house with a mortgage?
23 August 2016 | 3 replies
You do that because that 35% includes the cash buyer's profit on rehabbing it along with holding costs and other things.
Ben G.
344% Cash on Cash ROI for Indianapolis Flip
1 September 2016 | 30 replies
These people include:@Dave Short@Shawn Holsapple@Ryan Mullin@Will Hull@Brett Snodgrass@Stephen Barton@Don HarrisAccount Closedand many more I'm forgetting at the moment.
Alex Yost
Closing concessions? What is your strategy?
31 August 2016 | 13 replies
Unless we note otherwise in the listing information or disclosures, we fix everything that is broken or not functioning properly, but we have had several recent requests that are expensive and I'm interested in your experience in handling things like:- this roof is old and we're worried that we may have to replace it (was inspected by roofer and determined to be functioning properly)- there are screens missing from some of the windows and we would like you to add them- we're concerned about the drainage and would like you to add gutters- the AC unit is old (age disclosed in disclosure docs, was tested by HVAC guy and running fine) So do you budget for this type of concession, do you "meet in the middle" or do something else?
Michael Prim
REI in Western Chicago Suburbs
1 September 2016 | 4 replies
It appears the units are below market, however with some cosmetic repairs and perhaps some capex's I feel I could increase the rent by at minimum (based on local comps) 68%.I would offer 85% of list and estimated $20,000 in repairs/upgrades (this is probably a generous estimate - the property appears to be in good shape, basically needs a face lift).With all these figures, including the 50% rule, financing with 20% down @ 3.5%, I come out to a profit of $262 per unit and a cash-on-cash return of 9.53%.So, does this seems reasonable?
Thomas Clark
PMI with an FHA loan
30 August 2016 | 8 replies
The the lowest downpayment FHA loans allow is 3.5%), so I would need $ 7,000 cash not including closing cost.
Eric Andrews
Any experience with REAL University?
3 September 2016 | 3 replies
I believe the total cost of the course was around $600 which includes the year long access to the course, and two textbooks.
Andrew Orr
Investment dollars to grow
5 September 2016 | 10 replies
Offline includes doing yellow letters, post cards, bandit signs, news paper ads, etc.There's an abundance of material on BP regarding all the methods I've mentioned, so just type in the search box which method you'd like to learn more about and learn that method really well before trying other forms of marketing.