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20 January 2025 | 19 replies
@Jay Hinrichs yes Maui did the same thing after the Lahaina fire, and you're also right that Santa Rosa had no such restrictions.
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16 January 2025 | 6 replies
The crypto can be considered as EMD or down payment, the rest of the transaction will happen just as if you were running a traditional transaction.If a seller is completely against the idea of receiving crypto, you can always use a service like Bitpay to convert the cryptocurrency to cash.Last but not least, I always ask clients... why sell your crypto asset when you use it to secure a loan?
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19 January 2025 | 2 replies
My biggest client today is a seller I didn’t even represent during his sale of a 24-unit building—he had another agent.
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12 February 2025 | 2 replies
The land is on two tax lots so my plan is to sell the extra lot immediately after closing for a projected $275K.The property on the other lot will be a fix and flip with projected costs of $240K and an ARV of $750K.I plan to use a PML of 2 points and 12% APY for 70% of the total cost.
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14 February 2025 | 15 replies
As a savings of a few thousand dollars on furniture, could determine if your occupancy rate is 65% versus 70%...If the revenue is $50,000/yr that's $2,500 in one year (which could be the breakeven for that specific line-item expense).To determine you total breakeven point occupancy rate, and not just related to the furniture, take your operating expenses plus your debt service and divide it by your effective gross income.
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16 January 2025 | 1 reply
Sale price: $222,017 JWB Real Estate Capital helps busy professionals from across the world invest in real estate in Jacksonville, FL.
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2 February 2025 | 1 reply
@Tony Thomas So, is the seller increasing their sale price in exchange for a 0% interest rate?
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12 February 2025 | 3 replies
I was unaware about the 6th month seasoning requirement by most lenders, but I found two that would refi after the rehab is completed.
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27 January 2025 | 1 reply
At which point our evaluation should rise on the community for closer to $4,000,000.00We've enjoyed digitizing all payments, streamlining service, as well as infilling new homes.
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21 February 2025 | 4 replies
After 2-3 noise complaints and a discussion, I speak with the tenant and tell them that they may benefit from a single family home instead of an apartment or maybe a different kind of apartment setup and that I would be happy to let them out of the lease if they wanted to move.