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11 December 2024 | 5 replies
Quote from @Lolo Druff: Just like turn signals, you should always trust, but verify that the seller is telling the truth.Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).
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17 December 2024 | 20 replies
I believe that the Federal Reserve is going to cut rates by 25-50 bps at it's September meeting (no emergency cut), but that 30-year fixed rate mortgage rates will rise to upper 6s low 7s around the same time, and Commercial borrowing rates, including for multifamily, will increase as well.
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11 December 2024 | 6 replies
Deductible expenses include a proportional share of mortgage interest, property taxes, insurance, utilities, and repairs.
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11 December 2024 | 8 replies
They didn't really explain what the 10% fee included.
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12 December 2024 | 12 replies
CA's Secretary of State forms list the name and address of either a manager or member, so unless you're hiring a third party to serve as manager of your LLC, anonymity is very hard to achieve once filing publicly in CA.As to the probate part, you're right that going through a court probate is a huge hassle, including being expensive and time consuming.
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13 December 2024 | 6 replies
Many include them constantly.
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24 December 2024 | 44 replies
@Kent Fang chingI too am in CA but do not own any investment properties here - maybe will consider AirBNB in 2025.My choice for OOS investment includes GOLDSBORO, NC. -- Goldsboro has a strong real estate market, Low cost of living and affordable properties.
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11 December 2024 | 8 replies
Hi All, I have ten properties in Lufkin, including a small commercial building and a short term rental.
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13 December 2024 | 35 replies
@Kyle Kline“Investing for equity and not cash flow” doesn’t mean “buy properties that don’t cash flow.”To me, invest for equity not cash flow means that the PRIMARY reason to invest is for equity growth and an increase in net worth and NOT cash flow.I’ve been investing for over 40 years and while cash flow is important, it’s not why invest.A property must be self supporting ie produce enough cash flow to cover debt service, operational expenses including repairs and replacements.
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14 December 2024 | 36 replies
Including the cloud brokers like REAL and EXP Realty- all the brokerages I've researched so far require to join a local MLS & NAR.