Kelly Foydl
You just net $1 Million dollars game
Hi all,I know it's been played before, but there are tons of us new to the site, so thought I would play it again.You just won something that gave you an after tax, free and clear $1 MILLION dollars to do as you pleas...
Yinan Q.
Subject to: title company won't issue title insurance
I got a potential subject to deal but when I talk to title companies, most of them won't do it because of the "due on sale" clause on the exiting loan. Only one title company I talked with said they can do it but won'...
David Hart
Paperwork - What Form is Required?
Newbie question alert!
Say I've negotiated a selling price with a motivated seller, and the exit strategy is to wholesale the property via a double-close.
Do I use a standard Real Estate Purchase Agree...
Donald S.
A successful (barely) first flip!
So I just finished doing all the calculations for this flip. Man it was a beast. Almost 10 months from close to close and a huge project for a first time flipper.So here's what I got:I had a call from a direct mail ca...
Mindy Jensen
What do you budget for reserves and CapEx?
Reading another thread, @Nathan G. said "I suspect it's in the neighborhood of 20% (of landlords) that hold reserves and even fewer that hold the proper amount."I see a LOT of people asking how to start investing with...
Michael Baradell
50% rule
Hey guys!! Rookie question here. Can someone give me a breakdown of the 50% rule using this example? I have already calculated it myself, I just want to be sure I am doing it correctly.
Purchase price- $75k
...
Nick Maugeri
First out of state purchase
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $90,000
Cash invested: $15,000
Our first out of state buy and hold. Purchased with an existing tenant and currently...
Marcus Auerbach
The dark side of a 28 day notice
I am upset with a landlord, who is playing it by the book. And maybe I am taking my job as an agent to personal, but this did cost me some sleep last night. I wrote an offer for a new client last weekend on a very nic...
Ryan M.
Why do people use property management companies
This is a question I have always had.......A property management PM takes upwards 10% of gross for receiving the rents. Bills every time for a repair and some add a rider on top of the repair. Bills a substantial amou...
Ami Sapir
An American Nightmare
My name is Ami and I have made a pretty big mess of things. Here are some details of my life:- Sales Manager of a sales team in the IT universe earning about $85k/yr- Wife has an office job paying her $60k/yr- We owe...