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7 December 2024 | 1 reply
I’m wondering if anyone would be willing to help me out with the transaction to make sure I’m not overlooking anything and making mistakes.
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9 December 2024 | 6 replies
If you only plan on owning 2-4 properties, then there's really no harm in self-funding them unless you know a better, safer way to make more than the going interest rate on that money (most investment mortgages right now are about 7%, maybe effectively 5.5-6% after taxes depending on your brackets and tax structure).
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7 December 2024 | 9 replies
The 2% negotiated reduction is the better transaction.
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16 December 2024 | 43 replies
I used to agree jay but after our most recent transaction with them they aren't a fair intermediary they represent the buyers yet claim not to on transactional paperwork and also use their network against builders. a little manipulative.
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10 December 2024 | 12 replies
You've unfortunately unlocked the centipede effect by saying Columbus.
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11 December 2024 | 37 replies
I'm just being extra careful (as I should) with the local team handling the transactions.
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7 December 2024 | 8 replies
Once you've agreed on a price with the owners and they've agreed to let you sell the property, you're free to begin marketing the deal. am I representing only the buyer in this transaction?
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13 December 2024 | 13 replies
People have WAY overstated "cash flow" on BP by ignoring the costs of capex, vacancy and turnovers.My goals in every transaction now are to (1) buy in good neighborhoods, and (2) minimize my outlay of cash.
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9 December 2024 | 5 replies
Also you would not reduce the price because of the interest payment. that is not how it works.3. yes the note could be sold, but at what type of discount and what if the borrower stopped paying.while there are a lot of posts on seller financing, some estimiate less than 1% of all transaction have seller financing and the ones that do are first position only with an average of 30% down payment - most of these are to people who do not have verifiable income.Thinking you will get conventional financing then seller financing will be uphill battle as the conventional lender most likely will not approve a 2nd mortgage for purchase.not trying to dissuade you, just wanted to provide some key insights so you do not spend 1000 hours chasing something that is impossible to find.
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7 December 2024 | 7 replies
Or because they don't want to be the bad guy.With closing on Dec 4th the issue is that your 28 day notice will be effective Dec 31st and your tenant has until Jan 31st to vacate.