15 October 2016 | 24 replies
I am also assuming all units are rented, and they are getting the posted prices. 4 unit building asking price is 54,900Units rent out for 400, 410, 400 and 300 a piece or 1510 combined (we're assuming all are rented in this scenario)Building is in no need of immediate repairsWould use a property management company that is 10% of the monthly rent with a 150$ minimum.
25 October 2016 | 38 replies
The apartment was fully renovated 1 year ago, granite counters, tile floors, full renovation, she was first tenant, so I want this to go smoothly and get a nice apt back in one piece.
15 January 2017 | 6 replies
., loan application, loan approval, inspections, satisfaction of contingencies, title transfer, etc.Attend sales meetings at request of REALTORS.Process incoming and outgoing referrals as deemed correct by the company.Special events promotion, organization, and implementation.Handle bank and trust deliveries.Handle all transaction record-keeping in an organized, complete, and clear manner.Search legal and/or city/county records.Compile information and keep records for income tax preparation.DON’T: Make representations about the services offered by the real estate brokerage.Interpret documents or answer questions concerning documents.Ask, answer, or discuss questions concerning asking price, address, number of bedrooms, or other qualities of a property.Ask owners questions as to their housing needs in order to determine their interest in listing their property.Gather information on an owner’s house or a home an owner may be looking for.Provide information to the owner on properties listed.Request the names of others interested in buying or selling a property.Direct or assist in the procuring of a prospect which is calculated to result in the sale, lease, or exchange of real estate.Here is another example.
19 October 2016 | 0 replies
Also, I don't think I want to get a SFR if I'm trying to get a multi unit property, but there were really no search criteria for what I was looking for -Location: I put in 60612 + 2 miles – I’ve seen on bigger pockets that people say put in the full city, but I don’t know if this piece of advice applies to huge cities like Chicago.
22 October 2016 | 3 replies
Thanks.A deed is actual piece of paper that records a single event about a property such as transfer of ownership.
11 May 2016 | 3 replies
Has anyone had any success replacing individual pieces without taking the whole thing apart?
28 October 2016 | 20 replies
I'm sure you will get some additional comments from the promoters of these SDIRAs shortly.
16 May 2020 | 76 replies
Norada is BOTH -- a turnkey provider and promoter.
2 June 2016 | 4 replies
If he proves consistent then bring him in and let him have a piece, but get your T&Cs taken care of ahead of time.
15 June 2016 | 7 replies
Such as the roof needs to be completely replaced (there is a ridge sag and seems it could fail, rafters aren't place correctly), the porch needs a larger joist as its sagging down as well, the basement still has asbestos, the basement needs waterproofing as there is a moldy smell and minor water leakage, barely update the 1st floor unit, update and correct the electrical (relocate a fuse panel in a bathroom), brand new panels in the basement with a larger feed coming in, concrete steps in front and rear of house are in need of some repair, the boilers may need to be replaced, replace a few broken windows(completely shattered, just a piece of plywood covers them now), the lower roof gutters were nailed directly into the shingles, there are no GFCI's in any bathroom or kitchen, and a few other fixes.It would be an FHA 203k with 3.5% down$9,600 per year in taxesGarbage is included in taxes, tenants pay gas and electric, owner pays waterThe 1st floor unit is a 2/1 rented for $1225, they have exclusive use of driveway, backyard and the basement. 2nd/3rd floor unit is listed as 3/1, however there is 2 bedrooms on the 3rd floor with a bathroom.