I'm a realtor in Oregon. My principle broker last week dropped a bomb on us, saying that balloon payments are going (have gone?) bye bye, and that most people who are going to carry notes on their own properties, will...
I had to read this two or three times to see if the arrested man's claim "Everything that occurred with this house was lawful" was really the case. In my opinion, the above statement is not correct, given just the ...
Hi all,I've been finding really good deals for cash flow in some of the smaller towns. However I'm a bit nervous about purchasing in a town where there's not much going on.We are foreign investors, strictly purchasing...
Hey guys - just getting into rental business. When you are buying a condo for rental purposes what are you looking for? I know 2% is a good rule (as in if it costs $200k it must generate $4k). In the market where I am...
And good idea to give them back to tenants. The problem is the city is requiring a depreciation schedule for all components, not just personal property either. These forms are so complicated that an attorney is likely...
To the group: As more and more "deals" cross my desk and I perform underwriting, I find that the vast majority of these deals are simply overpriced offerings - even in lousy locations, Cap Rates are around 3-4%. Mos...
Do you know who the welcome trolls are? Go into the new member introductions forum and watch for the same few people who say the same basic message every time someone new comes on the site. Don't get me wrong, providi...
Many are very excited by the historically low gas prices here in okc. I have not seen these prices in many many years. While it is great for our pocketbook right now it will most likely be very painful in the coming...
In Virginia, a property manager must have a brokers license.
What happens if your clients are okay with the fact that you don't have ANY license?
Do they throw you in jail for managing someone else's property?!
S...