25 April 2025 | 0 replies
Tax lien purchase of a SFH residential lot, removed condemned home and sold lot after redemption period expired.
25 April 2025 | 4 replies
Since the bank likely owned the property for only a VERY short period of time, that kind of warranty would not provide you with much protection at all anyways.
22 April 2025 | 3 replies
Conventional (Freddie) allows for an exception to seasoning when a property is moved from an LLC to an individual's name if the borrower was the sole owner or had majority ownership of the LLC for 6 months (the seasoning period).
26 April 2025 | 6 replies
I tried working with 4 different commercial agents over a two month period.
25 April 2025 | 4 replies
While we plan to return to those areas periodically, we would most aptly be classified as out of state investors.
24 April 2025 | 3 replies
Here are the key details:It's located in Lomé, Togo (West Africa)It’s a commercial project located in a designated commercial zoneWe’re securing the land on a 40-year leaseOur financial analysis shows that total revenue over the 40-year period would be 2x the total costs, including both fixed and operational/recurrent expensesThe return on initial investment (construction and setup costs) is estimated to be around 14 yearsWould this be considered a good deal in your opinion?
26 April 2025 | 25 replies
L Remind them it's only a 4% increase, which is very low over a 2-year period.
26 April 2025 | 23 replies
It's also a good idea to set up periodic inspections of the property, which is a separate issue, and should also be written into the lease upfront with a process for the tenant's to correct problems you find in conflict with the lease.As for rent payments, we use Chase Quickpay since we have a Chase account - they don't have to have a Chase bank account for it to work.
24 April 2025 | 6 replies
That will help you determine a break even period or not and if it might be worth holding at a loss (how much and can you sustain it) until you sell it.
24 April 2025 | 3 replies
Just give folks a heads-up and keep communication clear and respectful.Also—Massachusetts has pretty specific rules for landlords (especially around deposits and notice periods), so it’s worth reading up on the local landlord tenant laws.