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5 January 2025 | 2 replies
Everyone completes an application...don't you want to know who will be occupying your property?
13 January 2025 | 21 replies
It's not for me and I'll have a decent amount of cash to work around from allow me not to do that but for most people it makes complete sense.
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8 January 2025 | 27 replies
(Excluding FEMA insurance claims)We recently sold a home we foreclosed on in Georgia and I am pretty sure they had a specific form for disclosure of insurance claims we had to complete (my associate did all the paperwork but asked me about the form). not sure if it was fema or not.The form if there was one was optional, because Georgia is a Caveat emptor state.
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7 January 2025 | 6 replies
I doubt it would qualify for a conventional loan with the repairs that need to be completed.
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6 January 2025 | 2 replies
I think they contain solid information and will help lay a good foundation as a beginner (Haha, I'm completely new to real estate as well, btw)I'm also going to be reading the following books, and hopefully I can finish all by the end of this month:1) The ABCs of Property Management2) The Advanced Guide to Real Estate Investing3) Long-Distance Real Estate Investing How to Buy, Rehab, and Manage Out-of-State Rental Properties (this might be the most important one to me personally)4) The Book on Investing in Real Estate with No (and Low) Money DownIn addition to reading, I'm consuming crazy amounts of youtube videos, and I'recommend you do this as well.
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30 December 2024 | 6 replies
There are so many features that make Baselane a great option for real estate investors.
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9 January 2025 | 4 replies
Here are a couple of ways you could structure the deal:Lease Option with Seller Financing: You could lease the property with an option to buy later, allowing you to rehab it while giving the sellers time to find a 1031 replacement property.Seller Financing with Deferred Payment: Structure the seller financing with no immediate payments, allowing you to refinance once the property is appraised, and the sellers can complete the 1031 exchange when ready.Escrow Holdback: Transfer the deed into an escrow account, giving you control without immediate transfer, so the sellers can take their time with the 1031.Third-Party Facilitation: Use a qualified intermediary to hold funds and facilitate the 1031 exchange while you refinance.These options allow flexibility for both you and the sellers.
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6 January 2025 | 2 replies
The sale proceeds likely won't fully cover my loan.I have a few questions: What documents will I need to complete the buyout of the first lender?
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3 January 2025 | 10 replies
I have every intent to complete my very first fix-and-flip project in 2025!
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13 January 2025 | 23 replies
Anyone who thinks that a hot tub or pool water is being completely drained and changed regularly is delusional at best.