23 August 2018 | 3 replies
No reason to worry about title as they will provide a title commitment and convey the property with title insurance.
27 August 2018 | 4 replies
I'm not an insurance expert or a lawyer, but I would imagine the homeowner insurance policies of the current owners would cover a tree falling.
11 August 2018 | 1 reply
You’ll also want additional coverage in addition to your standard E&O insurance to CYA if something goes wrong when you mix business with pleasure.
11 August 2018 | 2 replies
If you do not have enough of a deposit required, you could be provided a 2nd note of that amount and has a shorter pay-back period like 5 or 10 yearsThe other options included but limited to Seller Financing, Hard Money lending, formation of a Partnership, or a FHA insured loan through a national Bank, or a local Bank.
6 September 2018 | 28 replies
@John Hyre,In a nutshell, a modified gross lease is where the tenant pass our management company the the base monthly rent and their pro rata portion of taxes and insurance and the money is then passed to the LP that we hold.
15 August 2018 | 22 replies
If you are still negotiating with the seller, see if they are willing to file a roof insurance claim.
14 August 2018 | 5 replies
I added it on to the monthly insurance but now I know where this particular expense goes in future reports.
13 August 2018 | 2 replies
Cash to close includes things like lender's points and fees, prepaid insurance, prepaid interest, and closing costs.
12 August 2018 | 0 replies
Purchase Price 74 k , taxes 6000 year , insurance 400 yr. house needs 25 k in repairs . rents are 750 a side , tenants pay all utilities.