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14 October 2024 | 13 replies
For a property that is not within walking distance to the beach--how far away from the beach will still attract tenants?
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12 October 2024 | 2 replies
The seller was able to walk away from a bad situation with some money in her pocket, we will be helping her move and relocate into an apartment.
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11 October 2024 | 0 replies
The seller was able to walk away from a bad situation with some money in her pocket, we will be helping her move and relocate into an apartment.
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11 October 2024 | 16 replies
To me he is asking for you to do a walk through video of it before he books it.
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13 October 2024 | 5 replies
Location is residential with a park a short drive or long walk away.
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11 October 2024 | 2 replies
I am so grateful to learn that there is a community of people who have walked this path, are walking this path and have found their own success and manifested their greatest dreams and desires!
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13 October 2024 | 16 replies
He makes the owner an offer where HMH Wholesale takes over their position in the loan (Subject to deal) and the owner walks with $10k (or so) cash.
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15 October 2024 | 40 replies
I'm not an attorney, so take my advice with a grain of salt: a broker who works with investors of all walks of life, big and small, I've noticed most form an LLC once they have two properties or more.Many will form one if they just have one, but if you're talking about house hacking, keep in mind, conventional lenders don't allow entity closings and they are the only lenders that'll allow you to live on the property.DSCR/hard money lenders allow you to close in an entity, but you can't live on the property.
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12 October 2024 | 12 replies
That’s easier for a buyer to get into the deal, but for the seller it translates into them getting $38,400 for that same land instead of only $25k.The seller could also do a land contract, with essentially the same type of terms as with the owner-financed deal, the difference really being that instead of the seller having just a mortgage lien on the property till it’s paid off, they actually retain full ownership of the land until the contract is paid in full.I would have the seller tell you what they wanna get for it, then tell them you’ll add your fee to it and find a way to make it happen… and then come back a day or two later and tell them that you found a way for them to get their price, for you to get your fee, and for it to still be appealing to potential buyers… Then walk them through the deal, how it’ll work, explain to them how your way is more beneficial for them overall, explain how your way opens up the floodgates of potential buyers now, and most importantly explain to them that doing things deals this way is very common when buying and selling land, and how its really the only way for them to get what they want outta that land 👌If you act like an expert on the subject (or at least more knowledgeable than they are) I promise they’ll most likely just follow your lead because they trust you to get it done.And if they are truly motivated to sell, then they’ll welcome with open arms any creative thinking that will help them get what they want.Good luck!
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14 October 2024 | 31 replies
A turn-key property allows you to walk into something that is ready to go to be rented out with minimal repairs, or it potentially already has tenants in place.