
11 May 2016 | 6 replies
Your description sounds like a more real estate literate version of what I was trying to say.

21 August 2016 | 5 replies
assuming you have an extra $20k on top of the usual closing costs, yes you should be able to refi after seasoning is met, A word to the wise, know all of your closing costs for the initial finance and refi.

2 September 2017 | 29 replies
Your previous description of what you want to do is the definition of brokering real estate.If you put a home under contract and close on it yourself, and then you resell it - you are totally fine.

25 August 2016 | 4 replies
Property Address 123 Main Street Asking Price $319,000 Description 3 Duplexes (6 Total Units) Down Payment 63,800 Mortgage 1218.37 INCOME Description 3 Duplexes Rent Unit1 550 Unit2 550 Unit3 550 Unit4 550 Unit5 600 Unit6 600 Gross Scheduled Rent 3400/mo 40800/yr Vacancy 7% 2856/yr (40800 X .07) Gross Operating Rent 37944/yr (40800 - 2856) EXPENSES Insurance 2550/yr (850 x 3 buildings) Taxes 2217/yr (tax records for 2015) Repairs 2040/yr (40800 X .05) Best guess Property Management 4,488/yr (40800 X .11) 11% fee Water Utilities 3600/yr (Owner pays water) Lawn Care 2000/yr (200 X 10 months) Total Operating Expenses 16895/yr Net Operating Income 21049/yr (37944 - 16895) Mortgage 14,621/yr (1218.37 X 12) Cash Flow 6428/yr (21049 - 14621) Cash on Cash Return 10.07% (6428/63800)

8 July 2016 | 2 replies
I will do my best to give a brief description of a property I looked at.

11 July 2016 | 1 reply
In the Los Angeles area there are only a few properties that fit this description, most of which are in areas that are rapidly changing and have a high potential for growth.
19 July 2016 | 0 replies
Talked to local code office, and they just mentioned needing to do an inspection before water could come back on (standard for vacants).Property description not in contract - just an address and reference to preliminary title report (that they emailed me upon request).

12 June 2017 | 11 replies
Here in Jacksonville we find a lot of properties listed in the MLS on behalf of wholesalers/investors under the description of "equitable interest".

12 July 2017 | 16 replies
A good description (for you) would be "duplex in the blah-blah area between $400k and $500k."

14 August 2017 | 10 replies
Now for the numbers on the property:Property Description: Duplex with 4BR-2BA total, in a good area within 2 miles of local, large state university; exterior condition is good as it's brick with new metal roof, windows, metal siding on trim; interior has hardwood/tile floors, new ceiling fans, lights, appliances, and paintPurchase Price: $118,000Down Payment: $23,600 (with closing costs credit from seller, final number at closing was right at $24,000)Loan: Commercial loan 15 yr AM, 5 yr balloon, 5.0% interestMortgage: $750/moTaxes: $200/moInsurance: $80/moRent: $2,100 (rented to four college students as one group; tenants pay all utilities)Est maintenance/repairs/cap ex: $300/moVacancy: $100/moProjected cash flow: $670/mo or $8,040/yr (est. $4,200/yr in mortgage principal reduction)Amount spent on repairs: $15,000 (majority spent on new HVAC/duct system and appliances)CoC return: 20.6%I think that covers most of the relevant numbers.