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10 January 2025 | 8 replies
It sounds like the Title Co. was not aware that the tenant prepaid rent and just prorated the current rent for the month of closing, so agree if they had no knowledge of it, would not have ever gone on the settlement statement as a credit to the buyer and they likely will not do anything post closing to help obtain those funds.
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6 January 2025 | 5 replies
I know this seems low, but the way I see it, this is how much the buyer would potentially walk away with if they posted it on the market and minus all the fees and concessions so I am getting them to that number with none of the hassle and removing the issue of a looming foreclosure.
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7 January 2025 | 6 replies
It is slowly rotting and needs significant repairs to get it prepared to sell to a typical home buyer for a primary residence.
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6 January 2025 | 5 replies
The problem I ran into was that most buyers that wanted to do it, couldn't bridge the equity gap and the sellers needed the equity to go buy the next one.
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17 January 2025 | 24 replies
A buyer needed, I heard through the grapevine, $100M of liquid capital to acquire them for very darned little.
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10 January 2025 | 12 replies
most realtors deal with primary / retail buyers and sellers and they too aren't going to just walk properties for you.
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7 January 2025 | 24 replies
We also have a different ESCROW account that holds the deposits for buyers purchasing our listed properties.
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27 December 2024 | 8 replies
How many tenants or buyers would really be interested in such a property?
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15 January 2025 | 24 replies
I’d use it as an opportunity to diversify into some other investment classes where you might be getting a more attractive risk premium for less work right now.
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3 January 2025 | 11 replies
Understanding your market, what you are offering, and the kind of tenant you can expect to attract and KEEP will help you determine how to screen.