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6 November 2024 | 12 replies
The reason I say this is a double close, is because we would require the seller to be open to seller carrying the amount that we helped cover as a second note against the property.Ex. 1st transaction: DSCR covers 70% we help cover the remaining 30%.......close transaction.2nd transaction: Title opens a second escrow account and creates a 2nd lien for say 40% against the property so we can get our funds returned.
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6 November 2024 | 26 replies
Remaining principle on the mortgage was paid by Flock at closing ( ~60K), so my shares at Flock represent the equity in the home that I’d accumulated from appreciation and principal repayment over the last 17 yrs.I like their approach/strategy.
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2 November 2024 | 20 replies
Increases in your operating expenses might motivate you to increase rents, but that doesn't mean you can increase rents!
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9 November 2024 | 27 replies
I felt that it was very well done, covered a significant amount of material, had a friendly and motivational feel, and was a good experience and a worthwhile value for $1500.
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8 November 2024 | 21 replies
@James KieferThere are many REI opportunities in different markets - markets in the Midwest and Southeast of the country are great - where not only are the purchase prices reasonable for most RE investors, but the homes are turnkey (new builds or completely rehabbed homes, tenant ready, systems 10 years of life remaining on them, property management teams in place) with appreciating home value AND appreciating rent.
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6 November 2024 | 9 replies
In your case there is nothing other than just having your remaining equity and money left over from the start up.
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6 November 2024 | 21 replies
My motivation is that I want to be able to leave my day job working for the govt.
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4 November 2024 | 1 reply
Depending on these regulations, you might need to maintain a means of exit from the basement unit, such as a separate entrance to the outside, or ensure that the stairs remain accessible but secure.
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31 October 2024 | 3 replies
By find a solution to aid me for the mean time, like unemployment benefits etc.Please if you do comment with ideas or suggestions to be motivating.
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5 November 2024 | 3 replies
@Tami Dzenitis just understand that he cannot give advice to you or the seller and has to remain impartial.