Pratheek Lakur
Deductions for repairs following move out
Hello,
Our first tenant is moving out early next week and I have had a chance to walk the property and have noted several damages. I have scheduled a contractor come assess how much the repairs would cost but wante...
Jason King
Why are "new" homes so cheap compared to the rest of the market?
I've been looking for a house in the general Tampa area give or take 30 miles. I had only been looking at places up to around $140k until now. I decided to run a search on Zillow to see what was available for up to $2...
Mitch Staelens
Grand Ledge / Lansing Area - First time home buyer
Hey everyone! I am currently searching for my first house purchase ever that I intend on becoming an income property. I will be working in Lansing, Michigan for the next three years and will be paying for the mortgage...
Ryan M.
Real Estate Listing Commissions
Hi Everyone,
What percentage commission are you currently paying to your real estate broker when you list and sell a property? Are you negotiating these rates? What were you paying a few years ago?
It will be inte...
Mark Forest
Tenant compensation for motel
One of my houses has a cracked sewer pipe so the tenant can't use drains. Obviously I am not charging rent for this time, but what amount is fair for motel accomodations? Why wife is good at finding bookings using Pri...
Marco Petit
Is a foreclosure broker a good idea?
I'm 4 months into investing (I haven't done my first deal yet) and have a few thousand dollars of capital to invest, just to give you a brief introduction. I met a broker in my local REIA and he came to me with a prop...
Petra M.
Pro Forma calculations. %-ages off Gross Rent or Operating Income
Do you use Gross Rent or Operating Income (Gross Rent - Vacancy Losses) to calculate your expenses?For example:$1000 monthly rent.8% vacancy$920 gross rent.Property Management 10%$100 or $92?
George P.
Interest rate and Seller financing question
I keep finding articles that suggest that the sellers should charge the adequate interest when financing the house purchase.
(Example: http://www.frascona.com/resource/jag808-seller-carry-financing.htm An installment...
Justin C.
Door: Non-Traditional Brokerage Firm?
So I saw this today in my Dallas-area newsfeed:http://dallas.culturemap.com/news/real-estate/09-0...It looks like the premise of the start-up is to fulfill the role of an agent and charge a flat fee as opposed to a 3%...
Lindsey Kocher
Campus Housing Round ONE
We just closed on our FIRST investment property last week!!! A 3 Bed/3.5 bath home 1 block from a large state university. Been well cared for by female athletes on the volleyball team for a number of years.
Is r...