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9 December 2024 | 1 reply
Rent would be ~1,400 to 1,800 / month which is above market rate but housing is in very high demand and price is in line with what seniors who live on their own would be willing to pay based on my conversations with local Real Estate Agents.
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17 December 2024 | 16 replies
Renovation costs would need to be financed separately.Private Lending or Hard Money: Use a private or hard money loan to acquire and rehab the property, then refinance into a joint long-term loan.Seller Financing: Negotiate terms directly with the seller for a flexible financing arrangement.Final ThoughtsUsing an FHA 203(k) loan for your first property is a smart move, and with the right partnership agreement, you can still achieve your 50/50 goals.
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11 December 2024 | 6 replies
If you can hold on till first part of January the showings and everything else should pickup.This would be my action items: 1. hire a new agent that can sell the place, and get you numbers are rent and selling and sell the place. 2. be honest on the numbers you can get on an ARV so that you can sell it 3. start to get the conversation started with a couple lenders on what these numbers on refi would look like for you and this property 4. my suggestion would be to refi/rent before selling at a loss because if numbers work you can hold for a couple years then sell, but this is dependent on your cash position and liquidity of your situation.
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15 December 2024 | 9 replies
I thought it was obvious. wholesaling property requires a conversation with sellers contracting property and closing deals.
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9 December 2024 | 98 replies
There is no way to seize as bitcoin but I could see they would just force conversions to fix that.
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12 December 2024 | 6 replies
These covenants are private agreements put in place by the developer or builder.
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9 December 2024 | 1 reply
You would want to find a private money partner for this who wants in on the deal.
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4 December 2024 | 12 replies
Hey Mike - Since Airbnb doesn't allow videos on listings, a lot of hosts are sharing private tours through platforms like Instagram, YouTube, or Google Drive.
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10 December 2024 | 39 replies
And I don't think it was a very serious offer, it came up in a conversation about selling my team, which is absolutely not on the table.
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11 December 2024 | 12 replies
Also you can call your local Escrow officer and ask who she/he see's doing private loans in your market..