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Results (10,000+)
Alison Anderson Selling a business in Oregon
14 September 2017 | 5 replies
If it is just the business and not buying a building or the land beneath it then it is not generally a real estate licensed activity.You need to check for each state what is or is not required.You could go on a site like Rocket Lawyer etc. and for a nominal fee ask the question.In commercial real estate transactions you can generally have consulting and other fees on the HUD-1 as RESPA does not typically apply.To look for more businesses you could look at bizbuysell.com  Sellers typically want 3 times gross profit earnings so if 100k a year after expenses they want 300,000.
Michael Vallee Commercial financing question
18 September 2017 | 16 replies
By forming an LLC it is slightly easier to account for expenses to offset against your income.
Jason Henning Retiring investor waits for 1031 buy before selling. Opportunity?
25 September 2017 | 5 replies
They would then have zero income and have property expenses.
Adam Cohen Starting Out - Asking For Directions
13 September 2017 | 0 replies
I earn more than average (around here) and did not yet buy my own house because I felt it was too expensive and just not worth it, especially as I do not have my own family yet.As such, at the price of one house here, I can buy even two villas, or a few smaller studios over there.
Rita Oliva Spend more and leverage or spend less and use cash?
14 September 2017 | 7 replies
Let's say you could buy a turnkey property for a market value $67k that cash flows at $400 a month after all expenses.
Charlie V. Sellers selling 1/2 of Duplex?
12 October 2017 | 12 replies
A party-wall agreement is put in place that covers the cooperation needed by the two owners.Since land is so expensive, I've seen folks buy a $400,000 SFH on a lot zoned for duplex, they scape the home and put a new duplex in place.
Jack B. How would you turn 2 million in equity into cash flow?
20 September 2017 | 41 replies
Seattle is expensive but I plan on relocating anyway when I pull the trigger, so I'd have less expenses.
Janis A. Costs associated with buying then immediately renting
13 September 2017 | 3 replies
Make sure you have enough of a reserve to account for unexpected expenses such as vacancy and major repairs.
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!
Jared Whitfield Line of credit in California?
13 September 2017 | 2 replies
You will pay taxes on the Net Revenue or profit after your expenses, which will be your Income.