I have a client under contract. I gave him a list of inspectors to choose from, including my preferred-but-expensive inspector, along with recommendations from other agent friends.He chose someone other than my prefer...
Looking at a 26 unit complex.
Price $650,000
Got an email from the brokers finance guy
He said
-70-75LTC
-5twar with 25 year am
-indicative pricing in the lower to mid 6’s(depending on the sponsors strength)
I am ...
Hi, I'm a newbie landlord. I bought 2 tenant occupied units that need some work. I have a few contractors that I would like to establish a working relationship with and had them do some bids for the roof and a fence...
I'm selling one of my properties in Cincinnati, Ohio. This guy is putting down a 30% down payment and will finance the rest through me. I was planning on doing 2-3 years at 12-15% interest. Is that the normal owner-fi...
Hey All -
I'm looking for some advice regarding property management. In a recent search for a property manager, she added a line that she gets 15% of the repairs she handles. There is an inherited tenant who is part...
I need help understanding this idea that your lender will help you collect on insurance claims if you have a high outstanding loan balance.In this scenario, if you have a high loan balance on a property, and your prop...
Hello, I am an active REI that has a successful company in OH. In a year and half I will be forming a new LLC operating in a different state where I plan to open and run a separate REI company under another LLC. I re...
I see 7-12% fees for property management around here. $1500 month property. $150 at 10% x 12 = $1800 a year
$1800 x 10 properties = $18,000. Someone can manage 10 properties alone but still you are only pulling in $...
Hello all! I have a brief question.
When purchasing a home with cash, is it still recommended to get title insurance?
Also, what all costs are involved besides closing costs?
Thank you!
Hey guys and gals! Long time lurker, first time poster!Just turned 23 the other day. A few days later, my net worth passed the $100k mark and then, that same week, I lost my primary job. I know this is quite the wall ...