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9 January 2025 | 46 replies
The email was short and challenged us by implying we were looking for investing planning and not tax planning.
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19 January 2025 | 11 replies
At that point, you’re building a business plan—something you can take to the bank.
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11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
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17 January 2025 | 19 replies
But it’s something I tailor the business plan to just in case.So your investor could get caught in having their loan called with not a lot of notice if things change.
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12 January 2025 | 6 replies
Instead, focus on learning their plans, challenges, and openness to selling.5.
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25 January 2025 | 25 replies
that's $100K+ in cash PLUS a solid plan to achieve for that return.
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8 January 2025 | 20 replies
Lawyers like doctors specialize in different areas of practice.
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10 January 2025 | 6 replies
Some of the best deals are in dysfunctional floor plans.
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18 January 2025 | 8 replies
Even if you manage to find an office with an existing tenant, their lease could be approaching expiration, and without plans to renew, it can take an incredibly long time to secure a new tenant for the space.
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11 January 2025 | 18 replies
She informed me that she & her sisters plan to take care of the rent so he still has the home when he gets out of the hospital.