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9 January 2025 | 21 replies
For instance, for a $100,000 property, you’ll want to have $20,000 for the down payment, roughly $5,000 for closing costs, and maybe another $5,000 to $10,000 in reserves.
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28 December 2024 | 7 replies
In this instance what I would do is get the deed in lieu from the borrower so you ahve the property again and get a note from them but have an attorney draft it to see if you can include a confession of judgment - meaning if they do not pay then you can get a quick judgment and possibly garnish wages.I would also have them put a small down payment as part of the note and only accept a check that way if you ever did garnish you have a copy of a check so you know where they bank.unfortunately you are right they can stop paying on the note and its unsecured so its a risk but out of all the options this is your best option.
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31 December 2024 | 3 replies
However, there are instances where it may be beneficial to perform additional cost segregation studies.You could perform a second cost segregation study after you’ve made large improvements to the property.
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21 December 2024 | 10 replies
Pros/Cons, contacts even maybe, for instance how do you even acquire a loan like this, or is it the same as hard money dealings.
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28 December 2024 | 12 replies
In rare instances we will let someone pay through Square or Stripe, with them paying the cc fee, but only in unusual cases, such as one time with a tenant who was traveling and didn't have a bank account to use with our online platform.
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21 January 2025 | 59 replies
For instance, using bank financing to buy in expensive places like California, Washington, New York or Illinois are really tough to cash flow.
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2 January 2025 | 53 replies
I'd hesitate to work with those, just me though.I dont know Spartan as well as I know others.. but I am fairly certain they are the actaul turn key provider and RW is a marketing company but I think RW does more than just TK .So in this instance CR is the BAlt based TK company ..
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6 January 2025 | 25 replies
Only in one of those instances, did my dog simply bark at the GSD, who then charged about 30 feet to bite my dog.So, yes, there is something to breed specific behavior.
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23 December 2024 | 5 replies
For instance, cities like Chicago are known for landlord-tenant laws that skew heavily in favor of tenants, and that risk should be baked into your underwriting.What’s your take on balancing short-term cash flow with long-term equity growth?
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20 January 2025 | 62 replies
We take accountability for our own actions however, in this instance we will not.