All Forum Posts by: Stanley H.

I am interested. 

Hi,

I had basic questions regarding what a lot of people on BP and outside reiterate.

1) What are real estate cycles and how to determine those?

2) When do most people rent during the year?

3) What are some of the metrics data people use to figure out the best markets to invest in the country?

Any help is greatly appreciated.

Thanks

Hi,

I had a question. I was in contract with a property in July and i was told the seller refused to sign the release of the earnest money deposit. 

I called in today to check with the title company and they did not hold it. It was the Realtor broker company which had the earnest money. Should it then be easy to get the earnest money? Am i missing something?

Any help is appreciated.

Thanks

Guys,

The motive of my blogpost is to help others on the same journey as me. Just my .02 cents. Thank you for reading, I hope it helps.

Thanks

http://www.biggerpockets.com/blogs/5600/blog_posts...

you can contact @Dawn Brenengen 

I am sure she would help you out. 

I was reading Mark Ferguson's blog and came across this cash flow calculator.

http://investfourmore.com/rental-property-cash-flo...

In that he mentions that house older than 50 years have on an average 25% maintenance cost. Is this an accurate representation?

I am asking this because that reduces my future cash flow assumption considerably.

Let me know your thoughts

Thanks 

I know most of us are investors but at the same time I would totally do anything to help that lady.  

Also adding specifics such as half naked/full naked isn't something I would do out of respect.

It was via email back and forth with the seller's agent and mine. 

Common utilities was not mentioned in the description of the property. that was a result of the inspection also they did not have any bills they could get a hold of. Did not have any rent records as well. there was also a leakage problem we addressed with the seller and on 26th got a confirmation that they are willing to address it. 

Yes the contingency ended on 21st, but according to contract after inspection if the buyer and seller have to agree in writing which defects if any will be corrected at the sellers expense. if a written agreement is not signed by seller and buyer within those 5 days , this agreement is null and void and the buyer and seller agree to sign the mutual release form releasing earnest money.

So what happens when in the due diligence period I bring up some issues about common utilities....etc and want some answers from the seller? which she takes time and also fails to provide any conclusive answers to....