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24 October 2024 | 2 replies
From what I’ve seen, some flippers are still willing to pay buyer’s agent commissions, especially if they want to attract more buyers and make their properties more competitive.
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25 October 2024 | 8 replies
Yeah, that seems the most attractive to me.
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23 October 2024 | 1 reply
Short-term rentals would be a solution, but due to strict short-term rental laws in rent-controlled areas of Los Angeles, options like Airbnb are typically not feasible.At present, I have a $5 million property in Encino with two units that we cannot rent out short-term due to rent control regulations, and the numbers don’t work for a long-term rental either.
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25 October 2024 | 66 replies
BE CAREFUL LENDERS & BROKERS Everyone wants to be an EMD lender or Transactional Lender…but here is a quick way to lose hundreds or MILLIONS in 1 wire!!
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27 October 2024 | 24 replies
And you have hundreds of students, (which based on my calculations, you've made millions already in selling this crap) yet over the course of 8 months not one of them was successful?
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23 October 2024 | 2 replies
Just be aware that this adds another layer of complexity, and you’ll want to check with both your lender and a real estate attorney to make sure everything is set up correctly.When it comes to terms, owner financing gives you a lot of flexibility:Interest rate: You want something attractive to the buyer but that compensates you for the risk of holding that second lien.Repayment schedule: You can choose a traditional 15- or 30-year schedule, or go with something shorter if you want to be paid off sooner.Balloon payment: Many owner-financed deals include a balloon payment, meaning the buyer pays off the remaining balance after a set period (usually 5-10 years).
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23 October 2024 | 8 replies
Anytime I owe $1 million on a property and sell the property I am going to offer the lender $50 per month in lieu of $1 million immediate.
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22 October 2024 | 23 replies
We've also done around 25 million in seller carry backs, and refinanced around 25 million from the portfolio.
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20 October 2024 | 84 replies
There were a few years when I owned over $2 million (back when that was a lot, to me at least, say 10-15 years ago) on 10 mortgages.
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23 October 2024 | 8 replies
I wanted to build because the area I’m looking is pretty competitive with STR’s and it has to be something unique and attractive and I feel this will be easier to accomplish building new.