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21 February 2013 | 6 replies
These are the numbers the "finder" is giving me:Investor price: $105KRepairs: $30,000ARV: $165K4/2 rents: $900/motwo 2/1's rents: $600/mo eachWhat seems fishy to me, the finder is asking for 1% of the final sales price I make with the seller.
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27 February 2013 | 7 replies
When a vacancy occurs, they do the tenant screening, but I can choose to review and have final say on any applicant that meets their approval before the lease is signed, so asking for that might solve your problem of wanting a say in who ends up in your home.
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24 March 2013 | 13 replies
I simply shrugged those statements off and kept doing some research and listened to the great podcast BP just put up about raising capital:http://www.biggerpockets.com/renewsblog/2013/01/31/raising-money-getting-started/I finally heard back from my RE attorney (who has already done PPM and reg d filings for himself and others and used to be a corp attorney) and got a price of $10k to setup the reg d offering.
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8 March 2013 | 12 replies
What are the ages and size of homes in the area?
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7 February 2013 | 9 replies
In any event, to answer your question, it's not finalized until you have a signed lease and all money due has been paid.
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7 February 2013 | 8 replies
I have gotten local banks before on commercial deals that were smaller in size to agree to pay 8% to 10% in some cases.The larger deals that would be a much harder sell because they have to answer to the investors on the loan and the commission being too high gets push back because the investors on the loan are taking such a hug loss to move it.Usually the sellers have no money to make up the total commission so the bank makes a demand and you say no and then after awhile the bank gives in and pays.
13 February 2013 | 28 replies
What is considered standard for a complex of that size?
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8 February 2013 | 9 replies
Nice medium size city with lots of areas that are perfect for what we do.
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20 February 2013 | 13 replies
Be sure to ask for lien waivers from your subcontractors prior to final payment.
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9 February 2013 | 2 replies
Going to the original builder for a potential sale or information was something I was going to do once things from my end are finalized.