Jared Haxton
Setting Up and Marketing 4.25% Seller Finance Deal
17 January 2025 | 7 replies
I’d love your input on whether this deal could appeal to investors and how best to structure it.Property Details:Worth: ~$300,000HOA: $273/month, Taxes/Insurance: ~$170/monthCurrent Rent: $1,880/month (long-term); next tenant advertised at $1,950/month.Mid-term rental potential: ~$2,400/month (I haven’t tried this, but it’s my estimate).My Financing Idea:Large down payment: ~$125,000 (This is my priority to reinvest elsewhere).Seller-financed balance: ~$175,000 at 4.25% for 30 years.Buyers take over taxes, insurance, and HOA.Questions:1.
Fabriel Ebel
Multi Family to Condo Conversion in Beverly Hills, CA
29 January 2025 | 1 reply
If so, you should also look into the insurance requirements during construction (both builder risk as well as the GC's policy, but particularly the GC policy).
Cindy Shiblie
Thoughts on investing in Little Rock
22 January 2025 | 9 replies
I know I can get an insurance plan, but is it worth the headache?
Kwanza P.
Advice for Finding Contractors (San Francisco)
25 January 2025 | 4 replies
Get 3 bids from contractors, get a copy of their insurance etc.- verify the policy is current. 2.
Jonathan Warner
Private lending. Where do I start?
1 February 2025 | 4 replies
Do I contact appraisers and local title insurance agencies to begin to find one that I could use?
Chuck Hatfield
ISO Emergency Micro Bridge Loan ASAP
30 January 2025 | 4 replies
and trailer stolen, workshop robbed 3 times, business bank account hacked and Not Insured (w a bank name like C#@$e), hip replacement, Botched oral surgery for sinus cyst 3 times, So Far, that caused an infection that kept me from working most of 2024 and just now recovering.SO Fire Sale February for me But I’m too broke to finish a punchlist to keep rental certificate open on top of living expenses and cover unexpected bills.Seeking micro bridge loan in the $5-10k range to be repaid at sale of house.I have another small single family paid off and rents for $950 as well.Any advice or suggestions for resources Greatly Appreciated
Donald Hatter
Creating an LLC (to do or not do)
27 January 2025 | 1 reply
Crossing the lines may not provide proper liability protection.Personally, I just kept my SF rentals in my name and got excellent insurance coverage, $500K per property plus a $2M umbrella.
Tim Silvers
Need help interpreting condo landlord policy undergoing repairs
28 January 2025 | 1 reply
The way I interpret the following policy clause is that so long as the property is defined as other than "VACANT" which is the case when the property is being "constructed, altered or repaired", the 30-day time period and vacant status does not apply in this instance: We do not insure any loss at your premises if your dwelling has been vacant for more than 30 consecutive days immediately before the loss and the declaration page indicates an occupancy other than “VACANT“.
Arun Maheshwari
Investment property in Houston
22 January 2025 | 9 replies
To succeed, focus on properties in high-demand neighborhoods like Pecan Grove or Aliana, and ensure your cash flow analysis accounts for high property taxes, potential HOA restrictions, and flood insurance costs.
Peter Marriott
Problems with our Current Rental and Deciding Whether to Sell or Not
21 January 2025 | 2 replies
We have had a pipe burst during the cold winter months, the roof needed to be replaced (thankfully covered by our insurance), and some issues with electrical, which hasn't been majorly updated since it was built in 1973.