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29 January 2025 | 23 replies
This is what I am encountering, in the current Mortgage Industry.If you think you will go FHA, Conventional, FHA 203k, etc. and then Quit Claim the property, to a LLC, or a Land Trust you run the risk of the lender discovering a Title Transfer occurred and activating the "Acceleration Clause" or "Due on Sale Clause" that requires the loan to be paid in full, within 'x' number of days.
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28 January 2025 | 14 replies
Hello Wade, We have a couple of list providers we use for searching public records for sales with seller financing.
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12 January 2025 | 6 replies
Experience Purchasing from Non-ProfitsPurchasing property from non-profit organizations often involves additional considerations compared to typical transactions:Decision-making process: Non-profits often have a board or committee that must approve property sales.
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17 January 2025 | 19 replies
James and his people who manage the program are nice and give basic sales and negotiation advice but not much that moves the needle in any situation.
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30 January 2025 | 56 replies
We actually just listed the duplex for sale if you are interested!
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20 January 2025 | 9 replies
I understand why some people may not like this... but for me, I don't want the hype and platform sales. i want real usable content.
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14 January 2025 | 25 replies
I’d suggest negotiating the furniture into the sale and then slowly swapping pieces later as you personalize the space.
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12 January 2025 | 2 replies
My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.
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17 January 2025 | 7 replies
You could force the seller to bring it up to code before the sale is complete as one of the contingencies of buying it, let them deal with it.
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6 January 2025 | 2 replies
Every task must be completed diligently and on time.If you wing it, you're gonna miss something, you're gonna mess something up.So, be proactive, stay organized, and keep your power team aligned to ensure a successful closing.