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29 June 2024 | 9 replies
Questions:What money do you have to do marketing and to lock up deals?
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29 June 2024 | 3 replies
You can end up locking up access to equity and cause your buying power to become frozen due to DTI or an adjustable rate.
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30 June 2024 | 13 replies
I use Easy Self Storage as my management software and Alltec for my gate access system and they're compatible. they talk to each other and automatically lock/unlock tenant access based on their account status in the management software.
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29 June 2024 | 7 replies
Its not rocket science, find a prop lock it up, find a buyer. just know what the reno will be
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29 June 2024 | 11 replies
We locked in at 6% about 16 months ago, which was fortunate.
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27 June 2024 | 10 replies
(And if you think they'll update the language, I have a bridge to sell you...)Next, it has triggered occasionally and we send out a reminder that we are a smoke-free property which usually works.
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28 June 2024 | 6 replies
Now, I'm not saying this is smart by any means, but since the market has shifted to a wholesaler's market then it would be in your best interest to either increase your offer amount so you lock down more deals or significantly increase assignment fee for higher spreads.
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1 July 2024 | 27 replies
Typically they blast out properties that they locked up too high and their "VIP" buyers wont touch.
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29 June 2024 | 10 replies
This condition ensures you’re not locked into your original 30-year loan, efficiently freeing up financial obligations.Following the sale, the promissory note you receive becomes a powerful tool.
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27 June 2024 | 2 replies
The mortgage remains in the seller’s name, but the buyer gains ownership of the property and makes the payments.Risk: This can trigger the Due on Sale Clause, so it’s essential to understand the risks and have a plan in place if the lender calls the loan due.Wraparound Mortgage (All-Inclusive Trust Deed - AITD):Definition: A wraparound mortgage involves creating a new mortgage that "wraps around" the existing one.