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13 November 2024 | 15 replies
So if someone tells you, it does not matter about liens behind you - it does.There’s one more ; the borrower has increased debt service and when it either turns negative or leaves nothing “in their pocket” they may lose interest in the property, decide to stop paying all mortgages, and put whatever income they can into their pocket until they lose the property to foreclosure or one of the lenders obtains a court order prohibiting such.
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14 November 2024 | 9 replies
Direct access to MLS data, multiple solutions for sellers (off market cash deal or listing), ability to rep. yourself on your own deals (saving on commission), and of course, education & networking.Having a license costs $$$ though.
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15 November 2024 | 13 replies
If you don't allow someone to access the property when they paid to do so, that sort of thing.Negligence is when you don't make a repair and someone is injured.
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14 November 2024 | 11 replies
Assuming adding a vent isn't unduly difficult, i.e. the dryer being in an interior room far from an exterior wall and/or no good access to run dryer pipe, I would put it in on my own.
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18 November 2024 | 35 replies
The washer stopped working.
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13 November 2024 | 7 replies
The IRS has tended to look suspiciously at refinances right before your sale and 1031 as a way of accessing profit.
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13 November 2024 | 2 replies
Don't fluff it and make sure you know someone with MLS access to make sure it's correct.
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17 November 2024 | 18 replies
Unless you have consistent access to off market deal you will probably be wasting your time with this kind of investor.
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14 November 2024 | 5 replies
Some strategies to consider:Networking with wholesalers: Many off-market properties don’t make it to the MLS, so connecting with wholesalers who operate in OKC can be a great way to access these deals.
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13 November 2024 | 11 replies
It's great you are enthusiastic and ready to invest, don't let analysis paralysis stop you!