my sweet innocent tenent never cleaned a thing in 9 months , she stained the carpet , it took 26 passes with a steam cleaner to get the carpet looking like new , she kicked a hole in the wall , these are just a few things , total 1,500 dollars worth of clean up and damages, she paid 400 for security deposit , do i send her a bill for the difference or do i have to eat the diff, i took pictures before she moved in and of all the damages after she moved out , :shock:

Trying to acquire a house for rental purposes, long term strategy is to rapidly build a rental porfolioPurhcase Price is about $55,000 two financing options available:1. 90% loan which will be at %7.25 interest and tie up $5500 down payment..will also cost and additional $468 in private mortgage insurance(PMI).2. 80% loan, @ %7 interest, will tie up $11,000 down payment, but will save the PMI ($468 a year) and a %0.25 in interest and ofcourse financing less which will lead lesser payments and lower interest paid.. the total savings of interest saved, PMI, and cost of barrowed less funds will come out to about $90 a month which is about $1080 a year savings over finance plan #1..which way is better to go?

we've pretty much decided that this is what we want we want to do as we near our retirement years (don't want to rely on good old uncle sam). anyway, we are currently rehabbing our third prop. and have a little ways to go as we do most (90%) of the work ourselves. our plan is to refi once the project is completed and thus get some of our money back so that we can re-invest in other properties.

Posts per user, volume of posts vs total users?

Including the initial purchase price the total investment would be 23 million.

They also have a realtor coming to look at it etcOverall if I think about it right, 50k payoff, 10k in repairs, and say $4000 in carrying costs (6 months) and my total in would be 60k without arrears....the arrears have me confused as they are so high....so i'm guessing there are some pretty high penalties tacked on by the bank)So 60-70k(with the arrears, depending how much it would take down the principle when I pay those) and sell for around 105-120k seems to be ok to me.....I'm sure I'm missing something tho...Be easy on me, this is my first deal and I'm basically all on my own.....all the info I've found out on my own, trying to do what I can here.....thanks in advance!

Actual Example Purchase Price - Cash: $ 45,000 Total Rehab and holding costs: $ 6,000 All in: $ 51,000 Appraisal after rehab: $107,000 New mortgage after rented: $ 65,000 Monthly NET cash flow: $ 175 What’s wrong with this picture?

I ran that scenario through the property evaluation tool, and even with no appreciation it makes 12% total return or so (not cash on cash).

Since you're out of state, I'm guessing you rely heavily on the bird dog to provide you accurate information.

Anyone putting money into a deal is going to want to get...let's say 15%+ annual returns...so after you forecast, figure out total returns and then find out what's left after you provide 15% cash-on-cash return to the investor: that's essentially what you can keep.