Benjamin Spiegel
Off Market Special Situation: 65K SF Class-A Mixed-Use Building from Forced Seller
30 November 2024 | 0 replies
Solar Roof Lease: Entered into 20-yr agreement at $10K/month to lease roof What was the outcome?
Josh Willis
How to get started in real estate with only $10k
3 December 2024 | 15 replies
We just bought a house in a highly desired older neighborhood.The owner agreed to owner finance it with 5k down over 5 years at 0% interest.We did put some money into the house to fix it up some.The rental income will cover the payments.Always ask for owner financing, the answer might surprise you.Work with money partners to do more deals.Join your local Real Estate Club and learn new techniques and grow your network.
Vivian Huang
Investing in Tulum, Mexico
12 December 2024 | 49 replies
But, ultimately, it could work if you don't mind a low ROI.It could make sense if you look at a lifestyle rather than an investment purchase and you're just happy to cover your costs.
Rick Soto
Conventional with seller paid CC and a 3-2-1 buy down or FHA with a 3.5% down
6 December 2024 | 4 replies
I initially intended to put down $50,000 to get a sellers concession where they would cover closing costs and a 2-1 buy down (we have to put down 10% or more down for the seller to be allowed to give us that that amount concession, around 5.8% off the purchase price of $484,500, seller concessions are capped at 6% with a 10% or more DP).
Sam Chainani
Buying defaulted mortgage notes directly from banks
17 December 2024 | 42 replies
Now, if the loan is non-performing and has not been paid and there is no longer such a relationship with that customer, there could be sales to anyone willing to buy them, such as an auction, but the borrower is made aware of this as well, if notice can be given.I'm also speaking of a bank loan, not a secondary market loan that was sold and securitized as Dion covered.
Chris Rendall
Issues with homeowners insurance when transferring title to LLC?
4 December 2024 | 10 replies
You need to rewrite the entire policy.If it was insured as a rental under your personal name, then transferred to an LLC, the insurance carrier would pay covered claims.*** Please note, the claim check would be made out to the Named Insured (your personal name), not the LLC.
Ben Whittington
Private Lenders - How Much Do You Pay for Loan Documents
5 December 2024 | 12 replies
This usually covers contracts, promissory notes, deeds of trust, and other necessary legal paperwork.
Cory M.
Cost to Replace Toilet Fill Valve & Supply Line: Is $365 accurate costs from my PM?
4 December 2024 | 25 replies
Reason being, if something goes wrong, the PM is covered (and so are you) by the plumber's insurance and license.Apparently, this is around the same price other people around the US are paying.
Josh Madigan
Gatlinburg STR Permit - Large 6br pool cabin - Letter from Fire Marshall
10 December 2024 | 17 replies
Technically, those sleeping over 12 built after 2016 are putting themselves in a legally liable situation if something happens as insurance companies may not cover them.
Kathy Diamond
Looking for counties that meet the 1% rule
1 December 2024 | 32 replies
Because the cost of roofs, ac units, water heaters and so on don’t care if you collect $600/mo in rent or $3,000/mo.