23 August 2019 | 7 replies
I even was chatting with a gentleman a couple months ago at the local ACRE meeting whose complex ended up on the news due to "questionable" treatment of asbestos siding during construction.
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22 August 2019 | 2 replies
This being said, most HM lenders will usually only lend up to 70%-75% of the ARV (both asking price and rehab budget combined), have you put some analysis into what your property would be worth after repair?
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22 August 2019 | 1 reply
On the other hand, you could buy this with a combination of institutional financing and Owner carry.
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23 August 2019 | 7 replies
By selling my "liability" I was able to acquire 3 houses with $90k in total debt, estimated $80k+ in equity, return my initial investment to myself, have about $15k left in reserve from the refinances, and the properties are combined cashflowing about $1500/month using a conservative 50% model (i.e.
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22 August 2019 | 6 replies
I personally had to arrange for All Pest to come out for the second year in a row, despite your telling us after last year’s infestation that we should not have to worry about it again, and that you would pay for ongoing preventative treatment (note: we did pay for it).
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7 November 2019 | 2 replies
I recently got a call from a woman who owns a vacant lot. a Lot that I thought was 7500 sq ft and zoned R1.5 - come to find out she actually combined the lot with the one next door and its 15k sq feet.
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28 August 2019 | 14 replies
We're talking federal law here -- the treatment is the same for everyone in the US regardless of if you're in NJ or Barrow, AK, or Topeka, KS.Treasury Reg §1.469-9(c)(4) dictates that if one spouse is an RE pro, both are considered RE pros for the passive activity loss rules if filing a join return.
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24 August 2019 | 4 replies
I did a tenant screen check (cozy.com) on all 3 individuals that will be living in the property and everything checks out and they make a combined $5500 a month, they currently study and work.I’m not too crazy and the flip because there isn’t much equity to be made over spent on the rehab i think so I’m left with about 15-20k if it sells with the current price listed but doing a BRRRR may make more sense in this situation.
26 August 2019 | 11 replies
Some of the "nothing-down" proponents used to , and may still, suggest that you give a seller the choice of several different scenarios for the purchase of their property.For example you could offer full payment in cash, a larger payment with owner financing, a lease option, or any other combination of concessions and rewards to entice the owner to sign.Thing is, I do not know how well this would work for you.
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25 August 2019 | 1 reply
Could I combine a home equity loan with other loan types for higher leverage?