We’re actively acquiring properties with interest rates as low as 2-3%, even though current rates are nearly triple that.

The WORST solution is an unqualified attorney, because their mistakes makes whatever they come up with INFERIOR to an “off the shelf” solution.In between the two we have a good off the shelf product by a reputable vendor.  

Just a short list its like 50 ways to leave your lover there are 50 gothcas in sub to. 1. the easiest for everyone to understand the sub to violated the Alienation clause in the mortgage or deed of trust and holder of the mortgage DT / Note decides to call the note due and payable and starts a foreclosure. 2. foreclosure started and the person who bought sub to has no means to pay it off or refinance it and the original sellers credit get trashed and if its a deficiency judgement state even on an owner occ like Texas lender sues original seller for the deficiency. 3. this kind of investing or acquiring assets tends to attract those with limited resources so they have no ability to fix things they decide to scale up and then it goes out of control and sellers are really harmed4. deal goes south and original seller sues or files complaint with AG. 5.

They made some excuses that because production wasn't really down much and unemployment was still low that it wasn't a recession but I think that was bogus.

The cost basis includes:Purchase Price: The amount you paid for the property.Renovation Costs: Add the cost of improvements and remodels that significantly enhance the property's value.Closing Costs: Certain closing costs related to acquiring the property (like title fees) can be added to the basis.You will then allocate the total cost basis between the land (which isn't depreciable) and the building (which is depreciable over 27.5 years for residential properties).If you're unsure about how to allocate between land and building, you can use the allocation percentage from your property tax records or get an appraisal.This post does not create a CPA-Client relationship.

In every step I must fully disclose what I am buying and selling, i.e. in this case an equitable interest (the right to acquire title upon specific performance under the terms of contract).

I'm currently using a PPC company, which has been generating leads and has been very productive so far, but I'm looking to add to our marketing funnel and bring in more leads.

Also, could you describe how this method helps you in acquiring leads?

Tons of support here so ask away.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.

Purchase price: $130,000 Cash invested: $33,000 Sale price: $225,000 Contributors: Peter Vekselman We acquired a home on Old Hickory Blvd, Nashville, TN, on 4/12/2024, for $130,000.