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Results (10,000+)
Felicia Vinces What makes a good seller financed deal?
28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
Conor Neville When to approve tenants?
22 January 2025 | 7 replies
Communicating timelines and expectations upfront can help prevent losing good prospects to other properties.I'd say it's a potential red flag if they want to sign the lease without viewing it.
Sha Sing Has anyone worked with ReadyREI in Saginaw, Michigan
20 January 2025 | 19 replies
Again, this is due to how long it was taking to get work done, the quality and lack of communication (I'm happy to post examples as well), and frankly, the quality of work expected once I realized how many things I was not told about before the purchase.However, you did not offer in any way to address issues left by the prior tenant and made it clear that it was my responsibility.
Robert Spiegel Security Deposit Deduction: What is reasonable for cleaning
21 January 2025 | 10 replies
This can encourage positive word-of-mouth and build goodwill if they’re ever a reference for your property.Ultimately, focus on fairness and clear documentation.
Alishba Choudhry Tips on Comping Effectively
25 January 2025 | 2 replies
Every buyer wants some way to determine if they are being offered a fair deal.
Johann Jells Need someone to keep a rowhouse frontage free of ice and snow, what's a fair price?
7 January 2025 | 2 replies

I have a city rowhouse with a 20' sidewalk and 5' wide steps with 9 treads and two 7'x7' landings. It's a 4 family, I just don't want that kind of transactional relationship with any tenants. At another property with ...

Becca F. Insurance to rebuild in your area after natural disasters and other thoughts
20 January 2025 | 0 replies
People have been dropped by insurance companies in wildfire areas and had to scramble to try to find insurance - some using California Fair Plan. 
Katie Lyon Best way to MARKET a sub-to deal?
29 January 2025 | 5 replies
@Katie Lyon Because our weather is more temperate over the winter months, we have much more consistency in demand across all times of the year, so typically the market stays fairly consistent through all seasons.
Sanjai Dayal Own commercial building, I use 2 of 7 offices for medical business- pay myself?
29 January 2025 | 4 replies
Quote from @Ashish Acharya: @Sanjai Dayal If your LLC owns the commercial building and leases space to your medical practice LLC, it’s essential to charge rent at fair market value (FMV) to avoid IRS scrutiny.
Guan Hong Guo Income Criteria for Multiple Occupants
15 January 2025 | 10 replies
Quote from @Cari Sweet:  This sounds like a case for Fair Housing- Familial Status discrimination.