15 May 2019 | 23 replies
A structural engineer’s report will likely describe the local soil and what is to be expected with whatever type of foundation you have...as well as say your foundation is/is not functioning.
12 May 2019 | 3 replies
Monthly interest charges are simply a function of the outstanding balance for That month.To easily calculate how much extra to pay to pay it off in say five years, simply put your balance amLunt into an online mtg calculator, for a 5 year term at your interest rate.....the resulting amount is how much you’d need to pay each month.You can also plug your current loan into the calculator, look at the amortization, and see exactly how many months a lump sum additional payment will “skip you ahead” in the amortization schedule.
17 May 2019 | 26 replies
@Au Jia1) Prior to putting together a term sheet for investors (btw, I think you're referring to what's normally called Offering Memorandum or Executive Summary), you should take the time to educate yourself on what syndication is and how does one function.
13 May 2019 | 2 replies
I have one duplex already and am currently in the middle of a flip that I’m using to build up some more cash.The duplex being sold here includes 2 large 3-bedroom units that are functionally in good shape, but cosmetically outdated.
13 May 2019 | 0 replies
When new additions are made, when existing structures or facilities are updated and modernized in both function and decor, it enhances the property’s value with potential buyers.
15 May 2019 | 2 replies
But something that's kind of an advanced rollodex and will bring organization to my real estate business.I'm looking for ease of use and integration with Gmail, and other more common apps like Evernote, etc.I don't have the time to learn Podio (I tried this for several months and could not figure it out nor do I have the time to)I just want something that's farely simple, and has some sort of integration across desktop and iPhone iOS etc.
14 May 2019 | 9 replies
The reason you see folks talking about your perfect BRRRRrrrr as being a cash purchase is because in that scenario the property is way too beat up to get a normal mortgage at all, often making it a full gut job.In your case if you're looking at an older but generally functional and complete "granny house" cosmetic rehab, yup a HELOC + institutional 1st mortgage is a great way to get in the door, then you wrap it up by paying the HELOC back down so you have the down payment on the next one.
15 May 2019 | 10 replies
An experienced investor will dig into the numbers with a treasure hunter mentality, rather than expecting treasure to be lying around on the beach.Buying a property that needs little or no repairs, has positive cashflow, organized books, and an excellent marketing presentation is not a value-add investment, it’s a turnkey investment.There is nothing wrong with turnkey investing, but you can save yourself a lot of frustration by acknowledging that you expect turnkey bookkeeping, condition, location, and cashflow rather than a value-add situation.To be clear, simply being a value-add property doesn't make it a good investment.
14 May 2019 | 5 replies
Company Articles of Incorporation/Organization. 12.
17 May 2019 | 2 replies
Beyond that I know a minimal amount of information pertaining to how these list function and can be used.