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28 August 2024 | 23 replies
They're looking for a quick close within 30 days so they can get the cash in hand to purchase their next primary residence.A solution would be to withhold a very small portion of funds in escrow, but the seller would have to cover the rent as well.
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1 September 2024 | 79 replies
Second, I don't think they are scamming, but the primary concern is how you are secured in payment when a deal you bring is closed.
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21 August 2024 | 7 replies
I’m looking into buying a duplex as a primary residence.
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21 August 2024 | 1 reply
I bought my primary residence (Texas) in 2012, cash for 850k.
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26 August 2024 | 4 replies
I'm currently in the process of getting approved for a $160,000 HELOC on my primary home.
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27 August 2024 | 11 replies
I’m reaching out to this knowledgeable community for some guidance as my partner and I embark on our real estate investment journey.Our Situation:Partnership: We are a partnership of two individuals.Current Income: Both of us have W-2 income, which we carry a tax burden.Goals: Our primary goal is to replace our W-2 income within the next 5 years through strategic real estate investments.
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26 August 2024 | 9 replies
Plus it will help you avoid unneeded stress when inevitably something big breaks e.g the HVAC or turnover that's $5, $10k+.Primary homes are not the best investment, especially with the last cycle that we had.
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28 August 2024 | 32 replies
Many operators and their investors are now finding out when the market stops going up, yoy better know what you are doing or you can lose your shirt.So I believe some personal practical experience owning and operating rental property is a good idea before moving to other assets.People can get into syndication in two primary ways:1) Find a deal or 2) Raise capital.Find an experienced operator to team with and let him order teach you the business.
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25 August 2024 | 21 replies
It is not our primary.
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26 August 2024 | 9 replies
These include (but are not limited to);a. a drop dead date for her to refinance and take you off the mortgage (5 years, whatever);b. trigger events for her to refinance regardless of date (birth of child, remarriage, failure to maintain the house physically, cease using house as primary residence, failure to pay insurance or property taxes, no "subject to" sales and etc., etc).and no doubt a host of other things.Then there's your remedy if she fails to keep her end of the bargain, including who gets appreciation, right to possess or maintain, etc.Your credit score is far down the list of concerns