Paul S.
1st Deal - How Low To Negotiate Price?
23 August 2017 | 10 replies
First deal to get my feet wet in REI but have quick question.In contract with a property that I expect will cash flow $70-150/month (10% vacancy, 10% PM, $100/mo comb. capex/RM); cash return of 7-13%, excluding what I'd pay myself to self-manage.2/1, rentable condition, listed at 52, offered 32, in contract at 41.5.
Craig Tomlinson
Listing broken into-now claiming to be tenants
26 August 2017 | 21 replies
I suggest either way to lawyer up and get some legal advice on the eviction process.Best of luck and keep us posted!
Shara Surabi
lender that allows the property to be transferred to LLC
30 August 2017 | 9 replies
There's lots of words in this clause (the clause is not even legal in some states) but the essential gist of it is that if you pay on time the bank will not be calling the note due.
Michael Campbell
New vacant house mailing
25 August 2017 | 6 replies
If you want to be more pro-active - drive your vehicle to that vacancy -Talk to as many neighbors as you can - let them know that you are interested in that property (or others that they may be able to refer you to) some neighbors won't cooperate with you since they may think you are a bill collector.Get the tax ID of the ownershipGo to white pages - search for the ownersPut a notice on the door for the owner to call youCheck to see if it has housing code violationsLiens - see if you can buy the lien and foreclose (or take an option to buy the lien - forecloses on your option)Check to see if it is in Tax Sale - contract the tax sale purchaser to see if you can take assignment of their positionCheck to see if it is in foreclosureMake sure you look at the back of the houses - talk to the neighbor at the rear of the housesFind out if it has been listed - by whom and for how long - call the real estate agent (they are the ones who know how to contract the owner) ask the agent "are you still accepting offers on that property?"
Mike O.
Whole sale contract advice...meeting end buyer, what do I do?
23 August 2017 | 1 reply
My questions is...what type of purchase agreement do I put in place for the sale of my contract to end buyer?
David Polius
Working for knowledge, not for money..?
26 August 2017 | 4 replies
The pieces that you are missing are fairly easy to learn, especially if you have any knowledge of construction finance/draw process and reading/executing contracts.
Boyd Evans
My first deal! No realtor. What do I do now?
30 August 2017 | 11 replies
I imagine there is a NH real estate contract that would be filled out and completed by both parties?
Stephanie Benjamin
I did it! I choose my dreams and goals, so now what?
27 August 2017 | 9 replies
My first fix and flip just went under contract last week and is being inspected today.
David McErlean
Leasing commission to PM
23 August 2017 | 3 replies
Its not a problem If you are looking for help going over a pm contract dont hesitate to shoot me a pm.
Cal Rohrman
Creating second lease
1 September 2017 | 3 replies
She does not want to get in trouble by section 8 and I want to do this a legal way.