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31 January 2025 | 5 replies
Jumping into REI with no capital is not worth the risk.
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2 February 2025 | 9 replies
@Duarte MarquesPossibly but highly not recommendedFor those with no real estate experience or experience in taking on debt, it’s not easyTo do it also with little to no down payment or reserves in most occasions will end in disasterReminds me of when in high school a friend used to let his dog drive his car.
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7 February 2025 | 2 replies
I have a bunch of emails going back and forth with them telling me no only for them to approve it less than a year later.
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27 February 2025 | 24 replies
This is the part that no one really considers in their costs.
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10 February 2025 | 3 replies
The seller no longer owns the property, BUT is liable for the mortgage as guarantor.
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28 February 2025 | 14 replies
This is the default setting for guests so people will see the AI-pulled reviews first no matter how many recent reviews you have.
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9 February 2025 | 4 replies
Only thing that has happened is that remaining tenant is paying both portions so there is no eviction.I'd speak to the remaining tenant and find out what happened and what is the plan moving forward.
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21 February 2025 | 6 replies
Seller Financing OptionsSince the seller has struggled to move the property, they may be open to creative terms:Low or No Down Payment with Seller Carryback: Offer a seller-financed deal with a low down payment and interest-only payments for a set period until renovations are complete and cash flow starts.Balloon Payment: Structure a deal where you pay interest-only for a few years and refinance or pay a lump sum at the end.Master Lease Option: Lease the property with an option to buy, using rental income to cover expenses and fund renovations.2.
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6 February 2025 | 3 replies
I'm assuming that this situation wouldn't pass inspection, but one could argue that all the spaces the guests have access to (i.e. bedroom, bathroom) are safe and habitable + the guests wouldn't be exposed to the kitchen.Also, do the city inspectors inspect other parts of the home the guests won't access (i.e. inspectors check the basement for water infiltration even though no guests would ever be living or even going down there).