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22 October 2024 | 6 replies
the seller has to trust that you / the buyer is going to make the payments and also pay the taxes and be a good steward of the property since that's their security on the loan.usually you'd put a balloon in, but i bought one deal where the numbers worked out for us to fully amortize it over 12 years.
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22 October 2024 | 4 replies
A few months later, we received a notice from the lender stating that we no longer had home insurance and needed to secure coverage within a certain number of days.As it turns out, our original home insurance was canceled because it required the property to be owner-occupied.
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20 October 2024 | 3 replies
I have way too many tools/supplies for an apartment and a very high drive German Shepherd.
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21 October 2024 | 6 replies
Second would be leave the paid off one's alone and use them as a financial base and security.
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25 October 2024 | 66 replies
I've been waiting a while before I share all the details and start working with the feds and local authorities along with the news until I finally get this lien on the church to secure my 2.5M+ along with a local Pastor of a Mega Church who believes God gave him a miracle and owes me nothing but also best friends with Will Platt.
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22 October 2024 | 17 replies
Your decision comes down to how long you want to hold onto the property and whether you can secure financing to make that happen.
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21 October 2024 | 0 replies
Before I looked at the deal, here's what I asked from him:The purchase and sale agreementRehab breakdown documentation2 HUD statements of previous dealsDeal info (Property profile, funding, security, repayment plan, etc.)Title company involved in the transactionWhat I also asked for was a term sheet from the hard money lender that was lending at first position.
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22 October 2024 | 7 replies
I've heard of mentees who started cleaning up construction areas on a flip at the end of each work day or picking up supplies at Home Depot and delivering them to the job site.
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19 October 2024 | 3 replies
And the demand is only going to increase incredibly over the next two decades due to demographics and lack of supply and building.
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23 October 2024 | 11 replies
It sounds like the oversupply is really affecting the market there, and with rents dropping by 8%, it might be tricky for investors to secure solid returns in the short term.