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13 February 2025 | 2 replies
I like VAs for writing a bunch of offers - I am having my VA do offers, emailing lists, and texting lists if I can find a good text system where its allowed lol.
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17 February 2025 | 3 replies
This wasn’t a required expense.Property Taxes - $926.88We put in the offer to pay the full years property taxes vs. split them at the time of the sale.
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19 February 2025 | 13 replies
With its rich history and revitalizing economy, the city offers unique opportunities for long-term growth.
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11 February 2025 | 5 replies
Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont?
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16 February 2025 | 4 replies
An interesting option that they can offer is interest only payments for 3-10 years.
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21 February 2025 | 3 replies
I want to profit off the interest rate and perhaps offer 6% rate on what is left on the mortgage.
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17 February 2025 | 5 replies
How much will you offer?”
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18 February 2025 | 5 replies
Justin, Most of us are happy to help and offer advice, but in order to offer good advice details are usually needed.
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5 February 2025 | 5 replies
If you get another offer then a kick-out clause to kill the first offer.
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21 February 2025 | 18 replies
Do you utilize and software to generate the offers quicker, or any AI tools?