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10 January 2025 | 12 replies
Point noted about not being able to underwrite without seeing things in person.
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17 January 2025 | 3 replies
My goal is to build a comprehensive resource that not only answers key questions but also provides clarity on the entire process.The draft is based on my personal experiences working with clients, but I want to ensure it reflects the broader community's insights.
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13 January 2025 | 19 replies
Question that the “believers” don’t ask is “how much could I earn on the extra money I’m spending to pay down the loan faster?
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13 January 2025 | 11 replies
Will you need the equity in your primary home for any future personal expenses?
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3 January 2025 | 3 replies
(Side note: I'm not happy that I know any of this...hard earned lessons of real estate investing).
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15 January 2025 | 2 replies
However, he asked me to sign a one-year Exclusive Right to Represent agreement, as presented to him by his brokerage.His interpretation is that it applies only when he materially assists me, but I think the boilerplate brokerage language he was given reads much more broadly:"If during the term of this Agreement Buyer enters into a contract for the purchase of Property through the services or efforts of the Broker or Buyer’s Brokerage Firm, or by or through any other persons during the term of this Agreement" (emphasis mine).My concern is that, under my interpretation, if a fellow real estate investor wants to unload a property or if I get pointed to an opportunity by a former agent, colleague, or friend, this agreement could create an obstacle to moving forward with the deal.In the end, I didn’t sign.
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13 January 2025 | 1 reply
The units are ready, but due a personal situation I only want one.
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17 January 2025 | 13 replies
The feedback seems a bit general or maybe you just condensed it for the post...If not, I'd personally have a chat with your agent about what they are asking in those follow-up questions and hope they are assertively making those follow-up phone calls with your showings.
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14 January 2025 | 4 replies
I am sure he has come across this plenty of times.Hey Jonathan, I appreciate the vote of confidence, but I've only ever bought and sold trailers that come with the land, so I'm probably not the best person to ask.
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17 January 2025 | 14 replies
If the LLC is the maker on the note, there's a good chance you'll be required to personally guarantee the note.