Jeremy Anan
Seeking Advice on Structuring Seller Financing
17 April 2024 | 8 replies
Additionally, we may include clauses allowing for mortgage assignability and a balloon payment extension if the property fails to appraise for a specified price upon balloon expiration.Find below the 3 single-family seller finance deals that have done so far. 1st Deal breakdown: Purchase price: $330,000 Loan amount: $305,000Monthly payment (P&I): $1,181.55/mo40-year amortization at 3.5% interest rate20-year balloon paymentMarket Rent: $2,100/mo__________________________________________2nd Deal breakdown: Purchase price: $200,000Loan amount: $175,000Monthly payment to seller: $500/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,200.Market rent: $1,750/mo__________________________________________3rd Deal breakdown: Purchase price: $175,000Loan amount: $160,000Monthly payment to seller: $437.50/mo0% interest rate 7-year balloon Currently rented month-to-month for $1,400.Market rent: $1,500/moFeel free to reach out if you have any questions!
Kelly G.
Tax Q: do I need to calculate/pay recapture depreciation?
16 April 2024 | 7 replies
You might want to hire a cpa and have them file for an extension and submit a good guess of what you will owe with the extension so you don’t owe interest/penalties.
Stephanie Gothart
Can I finance a property in my self directed IRA?
17 April 2024 | 18 replies
Your construction company is an extension of you and you both are "disqualified persons" to your husband's IRA.
Israel Mendiola
US Taxes for foreign investors
16 April 2024 | 4 replies
Therefore, I will submit an extension in the meanwhile.Thanks in advance!
Evan Polaski
Is Floating Rate Debt still Bad?
17 April 2024 | 3 replies
Bridge debt is used to “bridge” a property from its current state to an improved state and by virtue of that purpose, the maturities on these loans are short, typically 3 years with two possible one-year extensions (if the covenants are being met).The reason this distinction is important is that if rates rise, property values tend to fall.
Brandon Morgan
investing out of state
18 April 2024 | 43 replies
I strongly recommend researching an out of state market area extensively.
Luke Panas
ADUs - Opinions on Critical Upgrades and Features for Added Value
16 April 2024 | 7 replies
You will also need to install cabinetry and countertops, and you may want to consider adding a small stove or oven if you plan to do more extensive cooking in the space.
Benjamin Weinhart
Happy Tax Day! Quick Reminders For Those Yet To File
15 April 2024 | 1 reply
I can almost guarantee you that nobody will have the time to help you today with everyone working to get their client's extensions in (or relax a little after a long tax season comes to a close for many).
Huiping S.
How to prevent work group booking for short-term rental?
16 April 2024 | 9 replies
Very nice, very respectful and overall super pleasant and appreciative...BUT...they checked in and wondered if I had a wall clock, they needed a reading light, wondered about a 6' extension cord or if I could get them one, were there more hangers etc.
Priscilla Z.
Found a way to wholesale to retail conventional buyer...we just closed!
16 April 2024 | 21 replies
page=5#p933019Just my opinion on the topic after my extensive afternoon of research :)