Michael Broderick
Is Property tax for disabled vet excempt for multifamily
4 June 2018 | 2 replies
I see you are from Illinois and here is a link to their state website explaining that the property tax exemption is only on the primary residence:https://www2.illinois.gov/veterans/benefits/pages/real-estate.aspxHere is a breakdown of these laws by state:https://www.hadit.com/disabled-veterans-property-tax-exemptions-state/Thank you sincerely for your service to our country!
Lyle Cooper
Deducting Points paid on loan origination
16 April 2018 | 3 replies
Have you placed this property in service yet?
Lara Chinarro
Super newbie, looking to start with a Turnkey provider
26 April 2018 | 51 replies
The turnkey approach of integrated services and convenience certainly has some merit to it (if you find a good provider).
Petra M.
Zillow entering the flipping market?
19 April 2018 | 10 replies
If homeowners see their bottom line w these services and with a traditional sale most people will go with the inconvenience of showing their home for a week and being in escrow for a month to keep THOUSANDS of dollars in their pocket.Most homeowners don't know what their home is worth or that it has gone up as drastically as it has over recent years.
Masashi Borges-Silva
Recommendation: Financial Planner/Advisor in Bronx
18 April 2018 | 1 reply
Also I have been thinking about finding a personal financial planner/advisor, but I am new to the idea since none of my friends and/or family pay for the service.
James Flowers
Getting pof from hmls .and do these really work with sellers
17 April 2018 | 5 replies
The only issues you will encounter is when large banks (or some auction services) require "cash buyers only".
Jeremy Diviney
Looking for low LTV apartment syndication opportunities to Invest
26 April 2018 | 14 replies
So, we certainly feel comfortable w/this approach w/safe leverage > 1.3 DSCR - Debt Service Coverage Ratio; 1.0 is B/E; 1.2 is min for bank loan; higher the better). .
Patrick Philip
How do people make large real estate profitable?
1 May 2018 | 36 replies
Here's an example of how the math usually works when I look at it...http://www.loopnet.com/Listing/3121-3205-Orange-Ce...Purchase price = $2,480,000NOI before debt service (derived from 7.6% cap rate) = $188,480If 80% of purchase is financed over 30 years at 5%, that is $127,807.68 in annual mortgage payments.This leaves $60,672.32 in profit every year, until Year 31 when the mortgage is paid off.This is a down payment of $496,000 that you wouldn't see back until over 8 years.
Kay Dyer
Motivated Sellers List
17 April 2018 | 3 replies
Once you have an address of a property that appears to be in distress, you can go to the county assessor to find the owner (even online in some counties) for free (if you don't value your time), or you can use a paid service that will give you all the details right on your phone while you are standing out front, owner or non-owner occupied, value, comps, equity, vacant, even their phone number.
Andrew Pappas
Difficult seller in St. Louis Multi family deal
18 April 2018 | 22 replies
The seller refuses to allow an inspection because he insists it’s a waste of time and money and the home inspector is not qualified to determine the serviceability or life of the mechanicals.