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30 April 2024 | 18 replies
I would like us to discuss on phone about this and I also I would be glad to share with you links to the listings I manage.You can reach out to me at hostmayor1 'at' g m a I l.com.
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30 April 2024 | 5 replies
Quote from @Logan M.: Yesterday, I had the opportunity to drive through a potential community with my parents.
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30 April 2024 | 54 replies
You could offer to trade the property for a packet of m&m’s and unless you meet one of the above criteria be in violation of the statue.
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29 April 2024 | 4 replies
Quote from @Nathan M kiefer: Is there a valley in the roof above that area- looks like no gutters and a valley in the roof causing water to erode?
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28 April 2024 | 13 replies
Quote from @Ben M.: Quote from @Erik Estrada: Quote from @Ben M.: Quote from @Erik Estrada: Hey Ben,Are you working with a lender or are you planning to buy all cash?
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29 April 2024 | 13 replies
I considered SFH where I'd rent out all the rooms and keep one to myself, but this seems risky since I'll realistically be away for months at a time and couldn't manage the unit/other tenants.Then I came across some listings that appear to be hotel rooms for sale, with basically the facilities I need (a bed, toilet, kitchen), a price point I can handle (270-500k$, I'd do 20% down), and fairly high HOAs (~1500$/m?).
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30 April 2024 | 29 replies
Quote from @Martha M.: Quote from @Natalie Medved: Awesome.
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29 April 2024 | 3 replies
It's great to have you here.Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/m...Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/a...Read Beginner’s Guide: http://www.biggerpockets.com/r...Check out BP Money Podcast: https://www.biggerpockets.com/..Wishing you the best!
29 April 2024 | 7 replies
Quote from @Ken M.: Subject To and Wraps are very similar and yet, very different.Subject To & Wraps share these characteristics You are taking over payment of the mortgage and transferring the property into your name You become the owner The loan does not get paid off The lender can and sometimes will call the Due on Sale You have to have money or credit to solve a Due on Sale call They are used when someone doesn’t have much equity and doesn’t want to pay a real estate agent They are used when the seller wants to sell fast They are used when the property isn’t really a good candidate for the MLS because of the condition of the property They are used when It’s a unique property and it’s hard to find comps They are used when it’s a distressed situation that needs to be resolved They are used when the monthly payment is below market rate (that means it cash flows) They are used when the seller wants to avoid the hassles of listingSubject To & Wraps Differences In a Subject To, NO new mortgage is created.