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17 March 2024 | 8 replies
IMO a little silly to buy 500k all cash when you could spread it out and get cashflow + appreciation + principal paydown.
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19 March 2024 | 30 replies
I think this is actually good for buyers, but will likely result in lower commissions for agents, I think in some ways the biggest change is the fact that buyer agreements have to be signed day one, that will do a few things open up a conversation about commissions and what a buyer wants to pay (keep in mind the buyer can still ask to have thr seller pay a buyers agent much like asking for closing costs assistance) but in that upfront conversation thier will be a negotiation about how much is to be paid, what services will be provided etc. and I believe both that sellers will potentially talk to a few different agents & even if they don’t the threat of that will lead buyers agents to negotiate, the media coverage of this will also drive seller awareness of the ability to negotiate.
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17 March 2024 | 24 replies
@Ray HarrellSellers will owner finance because (1) they will be able to sell for a higher price because they will sell to people who can’t get institutional financing, (2) they think the interest rate they receive on the money they financed, usually 6-10%, is better that the 2% bank accounts are paying (3) they get to spread out the gain on the sale of property over many years and not be bumped into a higher tax bracket immediately, or (4) they can sell the property faster as a buyer doesn’t have to wait 45 days to fulfill institutional lending requirementsBuyers may want owner financing because (1) they save the points and other fees associated with institutional financing (2) they may own the maximum number of properties financed allowable by lending institutions (3) they as full time real property investor may not be able to prove the amount of income necessary to obtain a loan (4) they may not qualify for conventional financing, only hard money, in which case owner financing may be at a much lower interest rate (5) they may have liens, judgements, etc. outstanding that make obtaining outside financing impossible, (6) they may want to close quicker than available with institutional financing.Please let me know if this makes sense
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16 March 2024 | 3 replies
The best investors have a spread of investments generating big and small returns.
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19 March 2024 | 46 replies
My reason for wanting to work here is directly correlated to the value and support that I've received since joining as a student, would love to spread the same good and help others along their real estate journeys!!
17 March 2024 | 24 replies
Need to find a Reinsurer to spread the risk.
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16 March 2024 | 13 replies
Every time a new round of Stimulus Checks went out, the media was full of warnings about inflation.
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15 March 2024 | 4 replies
You could start with the basics cold calling, knocking, and social media.
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15 March 2024 | 7 replies
You want to look for social media groups where the Admin isn't a digital creator.
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19 March 2024 | 323 replies
Along those lines, instagram and other social media campaigns that can drive traffic to that great site?