All Forum Posts by: Gloria C.

@Kamil Baldyga thanks for this Kamil. First time doing it but am going to take the leap. Will free up cash for other investments!

Any recommendations from audience, suggestions, pitfalls?

I have no experience with this and wondering if anyone else does? Maybe safer than SFR buy and hold?

Thanks

Mary, would it be prudent to ask for a credit report?  

Steve, thank you for your perspective.

@Rick Pozos thank you Rick. I didn’t think about the homestead issue....also agree they can negotiate me down on a couple of issues. Appreciate your quick response!

BACKGROUND of PROPERTY: Thanks in advance for remarks on this topic.  I have a property, 3/4 acre, with house, 3 car garage now outfitted for office space,etc. and rooms over 3-car garage for ???? This property is between Carson City and Reno NV.  Property is commercial zoned, but grandfathered residential. Im being told comps are based on residential (lesser amount), but actually property could be residential living, day care, home based business, etc. which when I bought it, was told commercial is more valuable, due to multiple uses.  Any comments? Is a commercial zoned property more valuable than residential comps?

Now I have an offer but wants me to carry paper (approx. $200K 2-3 yrs.) at 4.4% AND keep the first in place until 2-3 years.  My fear is LOW down payment offer of less than 10%, covid and not paying on first/second....anything else I'm missing?

Thank you one and all!

I echo all the comments about confusing and mind-boggling categories.  In a recent survey request I responded regarding this exact topic.  Something needs to be done to streamline - not add more categories!  Appreciate being able to comment on this.  

Thank you Jon and Frank for those early replies -this helps me.  Appreciate the idea of a 3rd party entity as well.

Gloria Vega

Hi everyone - I have raw land that potential buyer wants me to consider carrying the loan.  If anyone has experience with this, I'd appreciate feedback.  Re: term to lend for, at what percentage rate, etc. I own this free/clear. Appreciate any/all comments.

Knowing all special events in Reno and Carson city and beyond will come back eventually....Considering an STR-I have the property, what could you offer?