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30 October 2024 | 21 replies
You aren't flying to the market 2x per year.
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25 October 2024 | 12 replies
BiggerPockets has a book about private lending and I’m one of the authors - so feel free to take a look if interest or respond with questions.
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29 October 2024 | 23 replies
Those deals aren't every day, but they are still out there.
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26 October 2024 | 11 replies
@Adam Peralto More & more owners are posting here on BP about their rentals sitting vacant too long.Which means owners aren't paying attention to the rental market - which is slowing, causing Days On Market (DOM) to increase:(Take a look at the graph below from ShowMojo, comparing average DOM for 2018-2024.DOM are now about 40% longer than they were 2 years ago.Many owners also don't seem to be aware of real estate market fundamentals, such as seasonal effects:1) After September, when kids go back to school, there's a noticeable dip in activity in both the sales & rentals.2) After Halloween, there's another noticeable dip.
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26 October 2024 | 50 replies
so what aren't they doing that you want them to do?
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22 October 2024 | 2 replies
The "Cooperative Fee Authorization" states "Seller authorizes Listing Firm to offer a part of listing firm's fees to selling firm.
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27 October 2024 | 23 replies
Listing agents aren't guaranteed to know building code either and may not know when to shut down the buyer agents nonsense.
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26 October 2024 | 5 replies
Since it’s a single-member LLC, the IRS disregards it as a separate tax entity, which means there typically aren’t any capital gains or other tax consequences when moving the property to your personal name.However, keep in mind that if you have financed the property, transferring it may impact the loan terms, and expenses like interest and property taxes might not significantly affect your overall tax situation.
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28 October 2024 | 30 replies
If the house takes longer to sell, we aren't losing money every month on interest payments and can hold for the right sell price.Cons:We lose our regular stable monthly income and have to rebuild again (we have done this before - this would be our 2nd "bootstrap, build, sell" business)We lose our 5 year history when it comes to conventional mortgages and moving into a new home for our own family in the next 2-4 yearsThoughts / recommendations?
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22 October 2024 | 3 replies
Hey @Nico TerrusoWe're running Motived Seller FB ads.Generally, we're seeing great results with clients who work on their branding and authority building in the local market.