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24 July 2024 | 8 replies
I describe this one as the beauty is in the balance sheet What made you interested in investing in this type of deal?
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25 July 2024 | 10 replies
A better question is what happens if the SELLER can't close in that scenario.Accordingly, many assignment fees are paid in 2 stages... 1 at time of assignment (often into escrow) and the balance at closing.
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24 July 2024 | 8 replies
Name brands with solid balance sheets are generally a better bet, still one can't forget the big fall too, so diligence is just as key with big names and cut them zero slack.
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23 July 2024 | 0 replies
This consistency shows a balanced market where buyers and sellers are finding common ground.Median Time to Contract: Homes are taking a bit longer to sell, with a median of 28 days to contract compared to 27 days last year—a small 3.7% increase.Median Time to Sales: The total median time to sales decreased by 2.8%, from 71 days to 69 days.
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27 July 2024 | 108 replies
If you can net a 6% return on $1,500,000, that is about $90,000 / annual return.You mention having a healthy IRA, what is the balance of this and how much do you plan to take out?
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23 July 2024 | 32 replies
Last year I didn't receive their accounting file (a trial balance report) for my taxes (due in April) until July.
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25 July 2024 | 62 replies
Higher risk must be balanced with higher income.
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24 July 2024 | 11 replies
Quote from @Emma Campbell:If we have a Lowes business pro account, and in Month 1 we buy $1000 of materials for properties in 3 different LLCs, it sounds like manual effort is needed both to pay off the $1000 balance by making payments from each LLC's bank account for the amount it owes, and then a separate manual effort to record and assign the expense transactions in the bookkeeping software.
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22 July 2024 | 6 replies
When you break down the numbers by individual properties using the first purchased property as a templated for the additional properties purchased however, you will notice that the numbers being used in the example are not scaling correctly.It took me some time to figure out why the numbers were not scaling and adding up correctly but I finally believe I at least partially figured out why the numbers didn’t add up.By the end of year 3 the 3 properties are owned for the following lengths of time and reflect the correct numbers associated with that length of ownership (loan balance, equity, property value, etc).Property A - owned 3 yearsProperty B - owned 1 yearProperty C - owned 0 years, it will be purchased at the start of year 4But by the end of year 4 the properties should reflect the following years of ownership with their respective numbers associated with the years of ownership (loan balance, equity, property value, etc).Property A - owned 4 yearsProperty B - owned 2 yearsProperty C - owned 1 yearHowever the summary total numbers that were provided in the book for all 3 properties at the end of year 4 did not add up correctly.
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23 July 2024 | 0 replies
This rise points to a more balanced market with ample opportunities for buyers.Practical Advice and Actionable InsightsFor Buyers:Leverage Inventory Increases: With more homes on the market, buyers have a wealth of options.