Paul Mutch
Duties of a real estate agent
Please advise. I live in the Boston area and am looking to buy investment properties located about an hour away. I have reached out to a few different agents who have set me with auto generated emails about properti...
Alexander V.
How do appraisers determine projected cap rate (in reality!)
Hello,
This has been asked many times, but after reading multiple other forum posts and articles, I still don't feel that I've found a straight answer. The most common appraisal method for commercial properties that ...
Holly Barrett
Credit Security Deposit?
So I have this scenario:Tenant early termination, fee = $800 (equal to one month's rent)Security Deposit = $700 He is entitled to security deposit as per condition of unit, however he has not paid the early term fee, ...
Michael Myers
Knowing what is a fair price for a contractor's work
One of the things i'm most concerned about with being a REI is when I will need a contractor to help me with rehad, refinishes, etc. I know for a fact I'm not going to be efficient at rehabbing a house myself. For one...
Jessica H.
closing costs too high?
We are about to close on our first place and our realtor with keller williams is using their in house title company. The house cost 40k but our closing costs he said would be 5k, we are in eastern PA. My first thou...
Sean Dezoysa
Seller raises the price on you while you're driving over--how to react?
Of of the wholesalers in my mastermind group agreed to a price on an apartment building and started driving over to see the apartment. Midway during the drive the seller called and told him he couldn't let it go fo...
Michael Wentzel
Do property taxes impact your choice of market/ state?
We are purchasing buy-and-hold properties for cash flow in Colorado Springs and Pueblo at the moment. Both seem to have extremely low property taxes. We are looking at paying a bit more than $30 per month on one pr...
Kris Fox
A very interesting situation. Help with offer
A REO is on the MLS in my area for $70,000. It needs about $50,000 in work and will have an ARV of $185,000. The house encroaches on the vacant lot owned by somebody else next door. This is public information availab...
Seth Williams
Do Family and Real Estate Mix?
I stumbled across this post on Dave Ramsey's website today:
http://www.daveramsey.com/blog/why-family-and-real-estate-dont-mix
Overall I think he's got some good points. I've closed a couple of deals with family in ...
Mike L.
How to find good tenants for a property in a not-so-good neighborhood
In Southern California, the rental properties that make most financial sense are often in some not-so-good neighborhoods.
I screen applicants by running a credit check, but I have never found anyone with a cl...