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27 September 2024 | 4 replies
Regulation has slowed the market and made it harder to be an operator.I've never operated my Airbnb to its maximum efficiency because of the time it takes.
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29 September 2024 | 8 replies
The seller retains legal title until the contract is fulfilled.Advantages:Lower Upfront Costs: You can avoid closing costs typically associated with formal closings.Control: You can take control of the property to make repairs and sell it while leaving the original financing in place.More Flexibility: Compared to a novation, a land contract offers you more control over the property since you hold equitable interest.Risks:Seller’s Cooperation: The seller retains legal title, which can complicate things if they change their mind or their financial situation worsens.Resale Issues: FHA buyers may require the deed to be in your name for 90 days before they can purchase, which could slow down your resale plans.Subject-To FinancingHow It Works: In a subject-to deal, you take title to the property while the seller’s existing mortgage stays in place.
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26 September 2024 | 6 replies
They are a special asset class that take some deep knowledge.
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26 September 2024 | 1 reply
A friend of mine in Maryland is starting a GC business and has a deep roster of subs.
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30 September 2024 | 12 replies
This usually involves using ground-penetrating radar (GPR) to scan for the remains, but there was one small problem—GPR is only effective up to about 15 feet deep.
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1 October 2024 | 37 replies
This could actually slow their earning potential and hurt them in the long run.If you want to grow, focus on making and saving money.
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26 September 2024 | 1 reply
Fourth, as the years go by, and the mortgage is slowly paid off, the returns begin to slow as the effect of leverage fades.
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2 October 2024 | 48 replies
Also seen this market slow down back since April.
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26 September 2024 | 9 replies
When I was a more active buyer, in my area I did similar deep dives into the HUD/REO markets and courthouse sale data based on Substitute Trustee filings.
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27 September 2024 | 6 replies
It may be that coming from New Orleans, where I waded through waist deep water about 10 times in two years to get home, it doesn't seem to be bad in any area that isn't directly on the water.