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5 November 2024 | 11 replies
I found it harder and harder to find cashflowing LTRs for my out of state investor buyer clients.
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7 November 2024 | 30 replies
Furthermore once the 1031 intermediary get their cut and you also pay two sets of closing costs ( buyers now have to pay closing costs in some states ) as opposed to just one closing cost ( if not doing the 1031) it might be a “half a dozen vs 6 of the other “ scenario .Also one of the turn offs to the 1031 exchange is the interest rate will be much higher with todays rates especially since we would have to get an investment property loan which are higher than “ primary residence “ loans ..Will probably lower the rent asap ( have one more showing ) and then put it on the market .Thanks for the great advice Christian
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1 November 2024 | 5 replies
The buyer would then refinance before the 2 years is up.
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2 November 2024 | 3 replies
They have $30,000 worth of arrears, and because they would be coming out of pocket if a buyer were to negotiate with them on price, price is pretty much non negotiable.
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1 November 2024 | 19 replies
The buyer put $30,000 down.The $100,000 note is being serviced by a servicing company in Texas.7.25% Interest15 yearsPI $912.86The note is performing.
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1 November 2024 | 9 replies
I'd be interested in talking about being on your note buyer's list.
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6 November 2024 | 22 replies
Worst case, it gets outlawed in a town AFTER you’ve bought a place there & now you have to sell at a HUGE loss bc there’s no buyer demand once STR use is banned!
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2 November 2024 | 3 replies
Say we buy a property for $1 million, but we structure it so it's 0% down but a bank/note buyer is in place at closing to buy the note from the seller at 80% value so they walk away with 800k in cash.
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1 November 2024 | 4 replies
I feel like it’ll help clients feel more in control of the process, especially when they have busy schedules.Right now, I’m actively looking for ways to connect with new buyers and sellers without going overboard on spending.
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30 October 2024 | 236 replies
A clueless ADULT seller with all his cognitive abilities INTACT also made certain choices that were most pleasant to him at the moment and now pays the due price by being stupid.