Kyle Rice
Should I evict or ride it out?
8 May 2014 | 19 replies
Bring that dollar value to the negotiation table.
Roy Gutierrez
Contractors wanting to get paid cash
18 April 2014 | 17 replies
Furthermore, the fine for not submitting a 1099 is the greater of $100 or 10% of the amount that should have been on a 1099.Pardon my French, but WHAT THE HELL ARE YOU THINKING???
Account Closed
Profit Banks Hide from Borrowers
18 April 2014 | 13 replies
All you need to do is fund at the table and close in your name.
Pete Torres
1st Time RE Development in Texas (RGV)
23 July 2014 | 9 replies
if the neighbor building is leased at $600 per unit, undercutting them by $150 is leaving money on the table and gives the impression that you have an inferior building to prospective tenants.
Doug Scarano
Deal on table, I'm leaning away from it, what do you think?
21 April 2014 | 13 replies
quad located in little Mexico in S. Jersey. $157,500. $3050/month rent, cash. Taxes, water, sewer, trash = $9000/year. Owner buys oil for heat, this year's cost ~ $4000. Seller financing. He wants $37,500 down....
Jeff Deville
Investing with 'HOA' funds
20 April 2014 | 10 replies
Tax qualification may be at risk of being lost.Excess funds need to be redistributed to members in an HOA if there are excess funds that can not be justified, they over collected for expenses.I'd say 100K among 32 members for a 1/2 mile of road is justifiable, in fact it could be a little low depending on road conditions.They need to address the road condition and the expected expense and time table for repairs to invest or keep these funds.
Rick B.
2 rental properties, 1 upside down. Is this ok?
20 April 2014 | 7 replies
as stated earlier, first you need to know what the home is actually worth, even if you have to bring some $$ to the table, your getting rid of $800 outflow on that property.You might be surprised what its really worth,I have often seen zillow off by 30+%.You basically have two options, sell the house and take your lumps, or go into foreclosure, which will wreck your credit, and they could go after you since you obviously can make the payments.I would also check every available plan that might be out to help on refinancing,,I've heard of some crazy modifications out there, make sure you have researched them all.
Ali Far
Possible to get 2 FHA Loans back to back?
2 June 2014 | 4 replies
From the fha guidelines, "The table below describes the exception situations in which FHA does notobject to borrowers obtaining multiple FHA-insured mortgages.Note: To determine the eligibility of a borrower for one of the exceptions inthe table below, the underwriter must consider the· length of time the previous property was owned by the borrower, and· circumstances that compel the borrower to purchase another residence withan FHA-insured mortgage.Important: In all cases other than those listed below, the borrower is noteligible to acquire another FHA-insured mortgage until he/she has either· paid off the FHA-insured mortgage on the previous residence, or· terminated ownership of that residence."
Curtis Daniels
Should I pass off my leads to Real Estate Agents I work with?
25 April 2014 | 10 replies
Curtis , that works sometimes but what I found is that human nature will prevail in the long run or when there is enough money on the table and without a legal obligation to pay you, eventually someone won't pay and when that happens you get a bad taste in your mouth that is hard to get rid of.
Robert Blake
Now I am a real investor!
29 April 2014 | 7 replies
The owner was making money, which seemed to be ok with them, even if they were leaving an awful lot of money on the table by not going to much effort to do a good job.