Arif Khan
Commercial note buying forms
5 March 2013 | 4 replies
Your willingness to sell part or all and under what terms, with recourse will get you a higher price.Also, is the business or property listed for sale currently or in the past year, if so the asking price.The above will probably get you a bid subject to due diligenceRE Tax statement and proof of insurance and premiumsBorrower's financial statementCopy of the sale contract Copy of corporate authorizations if the note is in a company nameIf the note is in a business name, the filings on teh entity, copy of filed by laws/operating agreement, partners originally and prior to settlement a certificate of good standingAuthorizations for credit repots to be pulled on principals (this can be an old authorization, a new one is not necessary).Name, address and phone of the settlement agent, attorney, and listing broker if any.
Arcinio Arauz
Helllo from California/Panama
19 February 2013 | 5 replies
I'm also very active in church ministry, a freelance professional photographer, pilot in training and eager to get on with RE investing.
Tom Kerwin
Help understanding what options exist for 2012 taxes
7 March 2013 | 14 replies
Surely they can call the partnership an on going business that will acquire more properties.There are business expenses needed for any operation and ones specific to the acquisition and management of real estate.Most notably in this case driving to properties that they need to evaluate, then manage construction, then possibly rent it out and manage the properties.I'd think any marketing expenses and other general expenses should be treated that way.
Jennifer Lee
when to put rehab/flip on market?
17 February 2013 | 8 replies
Moves and transfer or someone approach to buy my unit.I'm also getting ready to get my license.My rehab should be down in a few weeks.If I pass exam it will be under my chosen broker until I have my physical license.I haven't had any new agent training.
Sean Brennan
How do you name your LLC to add the most value?
23 November 2013 | 62 replies
But it could have been a real mess.You'll see if there are similar names, even if you're not in similar businesses a bad reputation of one can be confused in the public eye.I'd also suggest not using some strategy in the business name.Example; wholesale might be added in smaller print at the bottom of your business cards along with other aspects you might deal in.The public has no idea what "wholesale" means in real estate, a homeowner interested in selling may not understand and not call you.Your name is much more important in the public eye than as seen by other RE dealers, operators and investors!
Account Closed
Cheap dulpexes in rent-able condition. Possible bad tenants. (and other issues)
7 March 2013 | 9 replies
If my train of thought is wrong.
Aimar Campbell
abandoned houses research
18 February 2013 | 9 replies
If it is REO the banks will auction it, if it is not the law states its still owned by the owner of record. its like a maze and really hard to get anyone to speak to. if the bank dont own it they cant sell it, if the owner wont co operate with the bank in shortsale they cant sell it. so either way you spend a lot of time and get no where.
Morgan Smith
ROR for property that is 100% financed.
16 February 2013 | 11 replies
Return on revenue (or return on sales) is an indication of operating profit margins (NOI/revenue) and has nothing to do with how a deal is financed.For a typical rental, using the 50% rule, your ROR is going to be about 50% (not quite, because things like vacancy and capex aren't expensed, but you get the idea).Now, if you're asking about your ROI or your IRR, those are theoretically infinite, as you are earning a positive return on zero investment (the denominator of the return ratio is zero).
Callum K.
Large-scale Apartment Investment
7 March 2013 | 11 replies
., as an investment sponsor in this operating space I obviously have some opinions, I'll try to frame an answer with as little bias as possible
Gary West
Another New Member from DFW
19 February 2013 | 7 replies
Lets say that your expenses (everything except the principle and interest portion) run 50%, so that leaves you 5,700 for your net operating income (NOI).