Tony Colquett
How to structure this deal?
A FSBO was offered to me with owner financing, but the seller does not own the property free and clear. What are some different options for structuring this type of deal? I told him that I would want financing for a...
Mike Rubin
Costs associated with buying a property
Can someone help me out by listing/summarizing all the costs associated to buying a piece of property? This question is more around the legal framework and paperwork needed to acquire a property.
For example, someone...
Daniel Cohen
Partial Rehab?!?!?!?!
I have been searching for the perfect rehab for awhile now. I recently had an idea and would like to hear/see if anyone has any experience with this. Has anyone done a partial rehab. An example is you guys a house for...
Tommy R
How Collateral works
Can anyone share some knowledge on the proper instruments/methods to use a free and clear property as collateral?
Thanks in advance.
Joe Au
Tips on finding good contractor
Just came back from a local REIA meeting, the presenter(property manager) recommended contacting the supplier to find good contractor. Local supplier should know who got the most projects. Did anyone using the same me...
Alex Rearmice
Is this lease binding?
I had a friend show my house for rent, and after receiving an application and speaking with someone on the phone, I agreed to rent to them. I prepared a lease and emailed it. The renter printed it, signed, and sent ...
Donald Hill
Owner Finance
I have an investment home that I own outright. The market is very slow in Lawton OK I have had it on the market for a year, with no luck in selling. I am considering selling it and owner finance it. What do I need to ...
Tassia Fisher
Appliances for rental properties
I could use some advice on purchasing appliances, replacing or repairing AC unit on a rental property. How much do you typically spend on these items when rehabbing a rental property?
Antonio Bodley
Should I tell seller no?
I had a seller ask me, "When a home is under contract can the seller still attempt to sell?" I was going to tell the seller no it's not possible to do if it is under contract. Of course I don't want the seller to se...
Ayodeji Kuponiyi
Potential Deal? Smart People Please Chime In
Found an 8 unit apartment. They're asking $515,909. Cap Rate is10.93. Total monthly Income is: $6,380 & $$76,560/yearThis is my analysis:I used conservative numbers such as 30% financing and estimated 55 expenses....