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15 August 2024 | 16 replies
Did the heat treat and it worked.I recommend getting the encasement style pillow and mattress protectors.
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13 August 2024 | 5 replies
Thanks The handwritten/sharpie style is the best option
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20 August 2024 | 452 replies
It's not going to come easy, but if you have the right group of people with experience and net worth, it's very achievable.
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20 August 2024 | 81 replies
An attorney and escrow achieve the same result for far less.A lender will only lend on what an appraiser appraises.
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17 August 2024 | 39 replies
As an investor that is WAY too early and extremely complicated to achieve the transition to a Title.If you guys need a call with me to clarify anything let´s share a virtual coffee (or beer, depending on time) and talk some Real Estate.
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13 August 2024 | 2 replies
I'm on a mission to achieve greatness with every step I take on this earth.
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14 August 2024 | 6 replies
And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.
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16 August 2024 | 21 replies
I agree with the previous comments about figuring out what your goals are in the next 10 years and reverse engineer - what do you need to do to achieve this?
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14 August 2024 | 15 replies
The more you learn and connect, the better prepared you’ll be to achieve your goals in this market.