Sean Anayah
Expensive chimney repair quote
Hi all,
This is my first time posting. I own a small 2 bedroom bungalow near downtown Sacramento that was built in the early 1900's. It is rented out and the rent covers the mortgage. The tenants asked that I call a...
Sunil Kumar
$40k REO Condo - Originally 130k. Buy or Not Buy?
In a predicament. foreclosed loft sold for 130k in 2004, now an REO. bank wants 80k.
Taxes: 260+/mo.
Dues: 230+/mo.
All in all fixed cost to own the unit: $622
Will rent for $800 easily. $178/mo cash flow or $2136/y...
Guru Srini
Coinmach's washer & dryer contract on multi-units
Hello,
I bought a multi-unit property in August 2012. The ex-owner of the property signed a 5 year leasing contract with Coinmach for washer & dryer which I'm not aware. The contract will end in 2015. I don't wa...
Phil C.
How to enforce fees (property damage, late fees, unauthorized pets/occupants) etc?
Hi, I'm planning on investing in my first buy and hold in the next few months, but one thing that I could not find a concrete answer on these forums is how to enforce fees on a tenant? I.e. if a tenant is late on rent...
Account Closed
Title searching on California foreclosure auctions
Hey everyone, I just joined and this is my first question post. I've just recently decided to start flipping houses in San Diego and for the most part I understand the foreclosure process as well as the auction pro...
Chris L.
Creative ideas for 7 Acre commercial land in Dayton Ohio
I unfortunately have 7 acres of commercial land in Dayon OH. I received this in lieu of cash as part of a bankruptcy settlement.
I will start with the assumption that outside of giving this land away, I probably will...
Ryan Kittrell
An escape clause in the Purchase and Sale Agreement
This is what is holding me back right now. I can't seem to find any form, no matter where I look, that allows me to essentially back out of the deal if I can not find a buyer within a certain amount of days. This isn'...
TJ Walker
Morningstar Ratings for TurnKey Real Estate companies
If I want to know how a REIT or any mutual fund in any sector has performed relative to the market and relative to its peers in the last 1 year, 3 years, 5 years or 10 years, I can find this out through a rating servi...
Benjamin Cowles
up to how many years can you negotiate to amorize a loan over?
suppose a seller will finance and doesnt want to budge on price or interest, can you just increase the amortization period til the payments get low enough to cash flow? I think Ive heard of 50 years but nothing beyond...
Pam R.
Duplex Purchase - should I pull the plug on the deal?
We've been looking for another duplex for a year, and haven't found one that works for us. We finally found one, are in contract, and received some new info today that has me ready to pull the plug. Would like some ad...