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22 January 2025 | 13 replies
I’ve talked to a number of investors and they can’t get 10% down on owner finance transactions were the deed transfers at closing.I operate in 4 or 5 markets.
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24 January 2025 | 0 replies
.- These fees are due at closing and are part of the overall transaction costs.6.
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18 January 2025 | 5 replies
I think you will definitely want to talk to your lawyer because there may be items linked to this transaction you are not considering.
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26 January 2025 | 43 replies
From what I have seen, the typical remedy is termination of the contract, refund of the EM deposit and all expenses incurred by the buyer during the failed transaction.
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17 January 2025 | 7 replies
And if it were set up where everything went through a title company so the buyer pays the title company, they manage the buyer's loan (from me), and the title company ensures my mortgage is paid without my direct involvement... what parts of the transaction would feel risky or not worth the headache to you?
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28 January 2025 | 29 replies
If it's currently an STR they should be able to provide you with the p/l statement from prior years so you can see gross rents, operating expenses, average daily rates and occupancy levels.
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19 January 2025 | 10 replies
If you can sit on the sidelines and be choosy this requirement is fine, but you are going to have to kiss a lot of frogs before you find someone with that much cash on a wrap sale transaction...it may take 6+ months unless you advertise like a mad man3.
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30 January 2025 | 0 replies
A common pitfall is treating each deal as a standalone transaction instead of connecting acquisitions, financing, and project management as part of one cohesive process.
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23 January 2025 | 30 replies
He used to troll these waters for suckers very hard until I found out that his claimed experience and transaction history was fake.
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15 January 2025 | 6 replies
He may be actually speaking about a "Wrap".Find out if actual ownership converts to youMake sure you have a title reportYou may want to pay for an appraisal and an inspectionMake sure you use an escrow company or an attorney to do the transaction Hi Ken!