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21 May 2024 | 0 replies
I am wondering if there is a data service that addresses my needs as someone seeking to buy vacant lands at tax deed sales. Tutorials emphasize the need to do due diligence on all the following:
--check for taxes an...
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22 May 2024 | 3 replies
@Daniel ShulerIt is possible to include owner carry financing as part of a 1031 exchange.
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22 May 2024 | 1 reply
Perhaps this agent and vendor are ready to be creative, as 3 years is a long time to carry property with no income.If you have any specific questions about owner financing, feel free to contact me, I've done a number of deals like this on the private market.
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22 May 2024 | 15 replies
You step in and offer them a creative finance solution that looks like this: (these are real numbers btw):Seller asking: $275,000 for 3/2 Single family split level, 1400 Sqft, with bonus room in basementYour Seller Finance terms as follows:Down payment: $20,000 cashSeller carry back financing amount: $255,000Terms: 5 or 7 year note with balloon @ 2.75% (or any negotiated terms here)Principal & interest: $867.61 per month (wow!)
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22 May 2024 | 18 replies
@Nathan Grubb My box stores don’t carry any type of coil stoves anymore other than the cheapest of the cheap 2 burner apartment stoves.
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22 May 2024 | 2 replies
For example, if the vendor was willing to carry back $115,000 in the form of a 2nd mortgage.
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21 May 2024 | 1 reply
Why not buy it with private money, borrow enough for the purchase/repairs/carrying costs, and then refinance once the repairs are done?
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23 May 2024 | 52 replies
Granted I have never had the 72 item list asking me to raise headroom, but I usually carry a couple thousand dollars in a line item for inspection issues.
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22 May 2024 | 14 replies
The breed insurance exclusion will give you a reasonable justification, but it could still get messy if they pursue legal action.Id dig into the true status of it being an ESA and if that pans out as "real" then its reasonable to require the tenant to carry liability insurance for the pet
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21 May 2024 | 5 replies
This approach can be more passive and carries considerably less risk than undertaking new developments or flipping properties.