All Forum Posts by: Levi T.

I recommend PBMares or Commonwealth Business Services. I use both, CBS is much cheaper, but PBMares really knows their taxes.

Get whatever you can from the seller at closing, after that your going to write it off as part of the purchase price

We have a lot of deal flow right now and will likely have overflow of townhouses in the next month or two as we are moving a few deals a week right now. We already have a backlog of 9 TH.

If any investors in Virginia are looking to buy townhouses in NOVA area (Specifically Manassas, Woodbridge, Stafford, Fredericksburg, Spotsylvania, Culpeper, and Warrenton areas), hit me up on here, or jump on our overflow deal mailing list. All deals are in the 80k-120k price point depending location, plus assignment fee. I expect to start moving a few onto our list within the next 30 days or less at the rate things are moving right now.

@Josh Saul then go commercial, they don’t front load like they do with 30y as it’s normally a 20y with 5y arm. Catch is you will need to have more downpayment money, and likely pay a little more interest vs being subsidized by the bank to get you financed. 30y mortgages all come down to Government wanting more home ownership.. when politics put their hand in the pot, you know things get upside down...

25% PP down payment and 10% to cover any closing cost. They just want to make sure you can close the deal.

The only reason they want a POF is because there are people who would bid on such things without a nickel to their name otherwise.

It’s hard to believe someone would try to get a million or even billion dollar loan knowing they can’t float it, but one just has to look back at the housing bubble and all them subprime borrowers who bororrowed money without a 2nd thought the minute someone removed a few rules.

I agree with David. I don’t think it’s advanced, it’s just one of many tools you should have in your pocket. 

When you reached the point of understand that market price really does not matter, then your stepping over the chasm.

That’s the art of this business. Developing system and processes to stack deal making in your favor. When your working a deal worth millions, you want to hopefully walk away only paying hundreds of thousands. 

That’s where most fail, they will say it’s worth millions, but they can’t accept what one pays does not have to be anything close to the value. You could pay a dollar, the question is how do you talk someone down to a dollar. That’s the fun part!

@Gilbert Lugo It sounds like you want to learn better negotiation skills. I recommend you get on Amazon, and buy the book Nevet Split The Difference by Chris Voss.

As you start to understand what it is they need, you will help them reach the goal.

Read the book, then come back and read this post again.

Vending machines are done by 3rd party, they cut you a small profit out of it. You do nothing but get a check. You would have somewhere around 64 people that would see or be able to access this machine. I would assume they would pass by at about a rate of 1,920 times in 30 days.. if 1% bought something, that’s 19 buys. If you got 20c for each buy on average, your making $3.84 per month.... Zzz

We installed washing and drying machines to check off that we had them in the building, we jacked the price to insure no one would abuse them. At first no one used them for months, then slowly 1-2 people did one load here or there.. we are now averaging 2.5 loads per month per unit in income. We follow this process for all MFU we own. Good luck.

Permit imprint with ASR, if it comes back toss it, your chasing ghost. Think ROI, and brand building to your DM list.

It’s about building a brand they will trust when the time is right. I have people instructing their kids to sell their rentals to us when they pass away. That’s a powerful statement in terms of brand building.

When you need your HVAC serviced, you call the one you trust, the one that fills your local radio waves and mailboxes, they build brand trust, you should do the same.

Good answer, I stand corrected. So the question comes down to if they did file, or are they just bluffing.

If it where me, I could gamble and file a UD. Judge would dismiss it maybe, then we would have to amend and request the federal courts to lift it. 

I’d also scan my lease and see if I could find another way to evict them for breach of lease that does not include money, and file that case along side my other case.

All else fails, grab an attorney or workout something with the tenants.

I’m not an attorney, not legal advice.