3 April 2024 | 16 replies
Quote from @Joseph Fenner:I’m looking to buy it as an owner occupied primary residence while living in another state but I am open to moving if it is required.It's required...how else would you owner occupy a property without physically being in that State and moving into the property you buy?
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2 April 2024 | 8 replies
I am reading the books, watching the YouTube videos, listening to podcasts, only thing left to do is physically meet like minded people.
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1 April 2024 | 17 replies
A) not the physical building, 123 Main St., and is thus undeliverable.
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1 April 2024 | 7 replies
Evaluate your position and exercise your right to make a choice that suits your over all needs.
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3 April 2024 | 83 replies
Among the seasoned investors who have replied to this thread who have used the methods I describe, we have dealt with literally hundreds of appraisers between us.You say one thing and the hundreds of appraisers who we've collectively dealt with have indicated another.So, I leave it as an exercise to the reader to determine if they want to listen to you (a single appraiser) or if they want to listen to the collective experience of the investors here who have worked with hundreds of appraisers.I'm not saying there aren't others like you out there, but in the experience of the investors here who have -- again -- dealt with hundreds of appraisers, you're clearly in the minority.And btw, "sucking up" has very little to do with any of this...it's about providing data, instilling confidence, demonstrating integrity and good business practices and building rapport.
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2 April 2024 | 32 replies
A lot of times people don't want to leave physical property though, if their heirs don't want to deal with it, or have to split it up, etc. so maybe spreading the cap gains out by using seller financing will be attractive.
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1 April 2024 | 8 replies
Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where I think we are in the real estate cycles (financial and physical market cycles)b) Then and only then do I pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.
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1 April 2024 | 14 replies
I.e. if they told you the roof was brand new, and upon physical inspection, you discover that the roof on a shed is brand new, but the main building needs a full replacement to the tune of $50k, that is not retracing a deal.
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1 April 2024 | 60 replies
What newbies don't understand is that the $500k appreciates 5% NOT the $100k down payment. 5% of $500k = $25k annually on your $100k invested dollars.We haven't even talked about the tax benefits, debt pay down, monthly cash flow, and it being a physical asset that will always be in demand.
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1 April 2024 | 22 replies
This means that not only does the animal need to typically be restrained (usually with a leash), but it also means the animal must physically be present at all (or virtually all) times.