Joseph Dzwiniarski
How much do you normally budget in Reserves
14 September 2017 | 8 replies
Assuming I have 8 years before my water heaters break down and over 20+ for my roof i think 80k in reserves over 20 years with 4-5k in maintenance fees a year should cover?
Phil Pereira
Condo for first deal?
14 September 2017 | 11 replies
I could be wrong about this, but in that case condos seem like a better investment if you have an HOA fee under $300.
Jack Henry
Cash flowing rental in San Antonio PLUS $$$ in my pocket!!
15 August 2018 | 5 replies
Here's the numbers:Single family house in NE San Antonio. 1,456 square feet, 3 bed 2.5 bathPurchase price: $105,000Rehab; $20,000Hard money loan: $112,500Cash out of pocket (From HUD stmt):$12,500 (down payment)$2,250 (points)$385 (lender fees)$892.50 (title fees)$1,320 (insurance)-$2,001.34 (credit for unpaid taxes)Total: $15,346.16Actual rehab cost: $19,678.12Hold time until rehab and refinance complete: 98 daysInterest expense: $3,020.55Refinance loan terms: 30 year adjustable rate mortgage at 5.75% interest fixed for 5 years at 85% LTV and 1 point.Appraised value: $164,500Cash-out refi amount: $139,825Cash back in my pocket after lender fees, title fees, down payment, interest expense, insurance, etc are all accounted for: $5,389.50Now the place is rented for $1,200 a month and I figure I'll pocket about $200-$300 a month after expenses and mortgage payments and in the end, no money tied up in the deal!
Ben Einspahr
New Omaha Investor-Interested Renters Scheduled & Not Showing Up
14 September 2017 | 13 replies
We show in teams -- one is showing the apartment while the other is verifying ID, answering questions on the rental applications and collecting app fees.
Paul R.
Giving my tenant 60 days ending the lease (month to month) Cali
15 September 2017 | 10 replies
Do not include any late fees in the total as CA courts view those as liquidated damages and may reject a notice that states a higher than owed amount due.
Sarah G.
New to investing in real estate, should I sell my place?
21 September 2017 | 6 replies
While crunching the numbers, our current property would provide little if any cash flow if we did end up renting it out even if the property appreciated in value due to high HOA fees.
Robert Rodriguez
looking to attempt a purchase on a pre-forclosure not sure how
14 September 2017 | 2 replies
I believe the next step would be getting in contact with the owners but I need an address for that.If any one could provide some advice on how to find the address (free of charge or by paying).
John Becker
Can you help me with perspective?
15 September 2017 | 7 replies
My property manager who placed this tenant about 6 months earlier, charged me $2600 to get the property rent ready, and I just got an email today, almost one month after the tenant left, that it is now tenant ready again.
Patricia Luna
Hiring a rental managing company
18 September 2017 | 2 replies
I'm using Harrisburg PROPERTY MANAGEMENT Group for two of my properties they charge me 8% of gross rent.
Brendan Harrison
MUST Use Buyer's Agent???
15 September 2017 | 21 replies
The listing agent is also saying that the seller already signed an agreement to pay 6% in commission fees no matter what.I was under the impression if I made an offer without a buyers agent it would essentially strengthen my offer by 3%.Anyone familiar with Washington state real estate law that would have an answer?