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1 January 2025 | 7 replies
Essentially the lenders will be taking a risk on the property if they overvalue it.
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7 January 2025 | 24 replies
Essentially, it was one account with the bank tracking individual tenant details on your behalf.That said, it’s critical to ensure your financial records remain accurate by reconciling the account on a monthly basis.
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8 January 2025 | 13 replies
1) We make sure backside funds are confirmed at title before we initiate frontside wire.2) Our agreement that we get the wholesaler to sign essentially would allow us to secure a loan against the property if for whatever reason there was an issue (as never happened).3) We generally insist that both the A-B and the B-C contract are at the same title company.
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2 January 2025 | 36 replies
The down payment requirements are also steeper, typically 20-25% for investment properties.
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10 January 2025 | 6 replies
However, if this is your first flip/investment it typically is easier to do something local and then expand to further markets.
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6 January 2025 | 31 replies
Small businesses are typically valued at a multiple of SDE.
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7 January 2025 | 1 reply
Sometimes folks overlook how real prce apprecation can be impacted by having acreage that’s not typical in suburban areas.In Phoenix, where I’m based, a lot of us collaborate with local probate attorneys who know about hidden opportunities that never see the open market.
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3 January 2025 | 26 replies
When 99% of transactions have commissions above 2%, it's essentially a fixed rate, not a truly negotiable one.I respectfully disagree with the concern about "buyers that don't have money to pay a commission to buyer agents."
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9 January 2025 | 10 replies
Rent we collect is typically 30-50% higher than market average.
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7 January 2025 | 10 replies
Typically people charging for that service are doing it because they need the money...if you catch my drift.