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18 February 2024 | 2 replies
This benefits the buyer more, since depending on how it is written, it can lock in a future price and if the buyer would benefit from exercising the option he may, if the numbers run against him he can back out.
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17 February 2024 | 3 replies
There is an acceleration clause is most deed of trusts, that is, his mortgage document that calls for a full payment of a mortgage if the title is transferred in this manner, but people do it all the time and accept that is the mortgagee/lender ever exercises this clause then you'll just have to refinance the property and since you were paying the mortgage and have proof, you should have no difficulty in refinancing the property.
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18 February 2024 | 1 reply
If you can wait to list in the spring or early summer, I recommend doing so to enhance your buyer exposure.
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18 February 2024 | 16 replies
Thank you.Plan check is a methodical record building exercise, that involves many different civil servant operatives, with specific agendas and CTA (cover their a$$) criteria.
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19 February 2024 | 44 replies
This will get you best returns for the $, keep busy, better more enhanced returns and it's only stepping up, an evolution of existing knowledge/skill base vs forging an entirely new one.
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31 August 2016 | 13 replies
It might just mean your buyer exercises the contingency and exits the deal.
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4 September 2016 | 2 replies
Also if i am able to do that, what if eventually the tenant wants to exercise their option to buy, will they pay me in full and then i pay the person i leased from??
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9 September 2016 | 4 replies
Here is a blog where I wrote about a recent 42 unit we bought and did creative things to add value. https://www.biggerpockets.com/renewsblog/bought-multi-million-dollar-apartment-complex-age-26/Just a few ways to produce ancillary income:- Laundry Coin laundryDetergent/laundry essentials in a vending machine in the common area laundry rooms.Rent individual W/D to each unit-Parking Garage parkingCovered parkingprime spot parkingJust plain old charge for parking-Renovations Interior units upgradesCommon area renovationExterior upgrades for curb appeal-Vending machines In common areas such as exercise room, pool house, laundry or leasing office-Trash pick up service In high-end buildings they have a service where you can set trash outside your door and for a fee maintenance will go around each night and collect it so the resident doesn't have to carry it to the dumpster.
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15 September 2016 | 7 replies
Now there is something called due on sale clause and this can be exercised if title is changed out of your name.
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16 September 2016 | 14 replies
@Mas YoshidaAs with many investors here on BP, you are looking to the IRA funds as a way to support or enhance your own personal real estate investing.