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21 December 2024 | 1 reply
I recall reading in Forbes that major foundation fixes can add surprising value, becuase it addresses the single biggest fear buyers have.. a shaky structure.From my three decades in fix-and-flips, Ive noticed how important it is to have a team you trust.. from attorneys who know probate deals to realtors willing to drive for dollars with you, scouting hidden gems.
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18 December 2024 | 3 replies
If it's there, then the buyer should have noticed that.
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5 January 2025 | 12 replies
@Sean Michael San Diego's real estate market can be a tough call for renters vs. buyers!
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19 December 2024 | 8 replies
It's the first question I ask buyers/sellers.
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9 January 2025 | 116 replies
The lenders simply are not interested in financing a deal where the buyer has such a small amount of skin in the game.If you don't mind, can you touch on how you were able to obtain the type of financing structure that allowed for a seller-held 2nd mortgage?
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11 December 2024 | 5 replies
We (the buyers) notified our agent that the property must also be move-in-ready.We received images of the interior and exterior which showed the property in move-in ready condition/what appeared to be minimal to no deferred maintenance issues, the listing said "property inmove-in condition/turn-key".
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25 December 2024 | 11 replies
If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.
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18 December 2024 | 13 replies
Buyers at some point will need access, potentially inspectors and appraisers will need access.Here in DFW if you have any questions or need assistance.
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20 December 2024 | 4 replies
In general or the buyer/REI?
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18 December 2024 | 11 replies
Quote from @Dean Harris: I love it when agents, clients and potential buyers listen to my podcast!