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16 October 2024 | 13 replies
Expanding into Indiana later can diversify your portfolio and offer additional opportunities.
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11 October 2024 | 2 replies
Couple months later I get a letter from an attorney saying he is suing me due to my negligence.
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13 October 2024 | 11 replies
One day you wake up 20 years later with a big tax-deffered portfolio.
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15 October 2024 | 40 replies
FHA loans and similar first-time buyer programs offer better terms than what you'd likely get with an LLC, making them a smarter choice for your first investment, if house hacking.If you decide to move your property into an LLC later, it's possible through a quit claim deed, but it's crucial to consult an attorney to navigate the mortgage implications and legalities correctly.
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12 October 2024 | 6 replies
However, if she really can't afford the property and she gets evicted later, she still has to move and then has a bigger problem of damaged credit.But, do not rush to a decision with no information.
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12 October 2024 | 11 replies
So, I ended up increasing there rent from 950 to 1100... contract signed, took effect 10/1 .. section 8 already paid a portion of it $1050, she owes remaing $50... anyway.. after they signed the contract a week later they sent me an email giving 60 day notice and are planning on moving out 12/1 ughhh
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12 October 2024 | 12 replies
That’s easier for a buyer to get into the deal, but for the seller it translates into them getting $38,400 for that same land instead of only $25k.The seller could also do a land contract, with essentially the same type of terms as with the owner-financed deal, the difference really being that instead of the seller having just a mortgage lien on the property till it’s paid off, they actually retain full ownership of the land until the contract is paid in full.I would have the seller tell you what they wanna get for it, then tell them you’ll add your fee to it and find a way to make it happen… and then come back a day or two later and tell them that you found a way for them to get their price, for you to get your fee, and for it to still be appealing to potential buyers… Then walk them through the deal, how it’ll work, explain to them how your way is more beneficial for them overall, explain how your way opens up the floodgates of potential buyers now, and most importantly explain to them that doing things deals this way is very common when buying and selling land, and how its really the only way for them to get what they want outta that land 👌If you act like an expert on the subject (or at least more knowledgeable than they are) I promise they’ll most likely just follow your lead because they trust you to get it done.And if they are truly motivated to sell, then they’ll welcome with open arms any creative thinking that will help them get what they want.Good luck!
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11 October 2024 | 2 replies
My section 8 tenant qualified for a mortgage 3 years later and bought the house from me.
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11 October 2024 | 16 replies
Weeks later, you'll find the original check was no good, and you'll be out the money you sent them.
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17 October 2024 | 47 replies
So we have had people tell us “don’t ever contact me again” ans then 24 hours later we text their wife or kids the same message from the same number.