8 September 2014 | 8 replies
But it is not customary to pay for an inspection without a signed around contract as others have stated.but if your going to play the low end game then its buy as is and set your price accordingly.
5 August 2015 | 12 replies
I'm contemplating just renewing my license and becoming a short sale listing agent and just offer the cash directly to the bank.at this point I think I'm just venting but my question really is...What do I need to do to play their game?
3 September 2014 | 1 reply
I feel the seller is playing games with me.
7 November 2014 | 6 replies
@Bryce Cutler Here are some websites I've heard of:directrentdeposits.com - Little to no information on it, sorry.depositguard.com - I've heard a lot of good about them.paynearme.com - This one seems like a game changer to me.
9 September 2014 | 51 replies
. $867,000Construction of a 4BR 2.5BA 3,000 SF home will run $750k ($250/SF)Breakout of $750k construction is as follows:$100k - soft costs (architect, permits, etc)$400k - Contractor - shell only$200k - finishes$50k - landscapingAll in costs pre-financing $1,617,000FinancingLocal Private bank will finance 60% of as complete value ($2MM) -or- 80% of total project cost.Loan of $1.2MM at 5.5% + 1% loan fee.Financing cost over 12 months $50kRequired skin in game (down payment) - $417kPost Construction Sale $2MM(less) $1.617 Acquisition/construction costs(less) $50k financing(less) $100k sales commission @5%equals $233k pre-tax profitCash-on-Cash Return = 56%After tax profit = $150kAssuming 35% income tax / Total ROI = 36%Would you do this deal?
30 August 2015 | 29 replies
It's all part of the real estate investing game.
3 September 2014 | 4 replies
But I think that if you can calmly and coolly and methodically prove that the value is only $X, while he may reject your offer initially, so long as you maintain a decent relationship he will come back to you after it sits on the market for 6 or 12 months.Unfortunately, that is a waiting game you may not be willing to play and you will be dealing with somebody who is far more emotional than logical about the whole situation.
5 September 2014 | 21 replies
Hope to make an O's or Nat's game one day.
11 September 2014 | 4 replies
Mehran, It's true man faith and knowledge are key to succeed in any business or life purpose, even at the hardest circumstances...Hey Vala is great that you enjoyed being at Colombia...it is funny you remember that game Haha tejo is awesome!!