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17 December 2024 | 22 replies
During the Maverick Investment Group webinar, ABC Baltimore made the following guarantees that were also in our final contract with ABC Baltimore-1) If the rehab takes longer than 120 days, the seller (ABC Baltimore) will pay us a rental guarantee of $1400 per month.2) If the house after rehab is completed appraises for less than our total purchase price of $106,000 then the seller will buy the house back.Assured by these guarantees in the contract, we signed the contract for $106,000.
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11 December 2024 | 5 replies
The sellers have not been responsive when asked to provide that information, which is why I was wondering if it's a typical practice prior to submitting an offer.
12 December 2024 | 2 replies
House was sold a year ago and sellers are threatening arbitration.
13 December 2024 | 3 replies
However, The seller has a high equity build up into the property of about 300k.
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10 December 2024 | 5 replies
I have already shopped insurance, and the sellers are providing $5k towards prepaids/closing costs.
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12 December 2024 | 2 replies
That approach might not serve the seller well, especially since the goal is to genuinely help them by offering a reliable quick solution.My current thought is to focus on networking and building a solid and extensive buyers list and understanding their ideal investment criteria upfront.
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13 December 2024 | 3 replies
Yes, check w attny as per @Ben Trageser.Also, see if you can negotiate with the seller to get the illegal unit delivered vacant on closing.
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9 December 2024 | 16 replies
So you had way too much product and less demand and the gross rents dropped a bunch.Somehow the smaller cabin rents went up though.
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12 December 2024 | 49 replies
There is increasing supply as a result of increasing demand but the real question you're asking is whether it's going to lead to oversupply and lower rents or not.
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13 December 2024 | 3 replies
Has anyone had good success wholesaling out of the Dfw area and what tactic worked best for you on finding motivated sellers?