Kyle Carter
Sub 2 Financing
7 January 2025 | 7 replies
For me as well as the seller.First, you have to define Sub to financing.Do you mean the reckless kind where you overpay for a property, take over the financing and borrow from others to cover closing costs and holding costs when you have no money, no credit, no income, no reserves and can't tell a warranty deed from a deed of trust and you close on the kitchen counteror do you meanbuying below market value, already having a nice income, having reserves, using escrow and title, already understanding the due on sale clause, have done a lot of creative purchases and know when to use and when not to use creative finance and how to recover if something goes amiss?
Fareen E.
Start lease on closing date or the day after?
10 January 2025 | 11 replies
This protects your investment and gives you leverage if there are issues.Other Tips:Make sure the lease explicitly defines the move-out date.Conduct a thorough walkthrough with documentation before and after the lease period to avoid disputes.Handling a seller-to-tenant situation can be tricky, but with the right precautions, it can work smoothly.
Chris Allen
Selling Home on Sub-To
9 January 2025 | 9 replies
(I won't do them)The buyer can be facing "equity skimming" as defined by the law:Penalties of Equity SkimmingEquity Skimming is a type of Mortgage Fraud.
Melanie Baldridge
What is MACRS classification?
10 January 2025 | 0 replies
In US tax law, the depreciable lifespan of an asset is defined by its MACRS classification which stands for “Modified Accelerated Cost Recovery System.”Under MACRS, depreciable assets are assigned to different classes, with each class having a specific recovery period.
David Cherkowsky
House Hacking with Basement Airbnb in Old Town Alexandria
2 January 2025 | 9 replies
The bullet in the response that is standing out to me is:"(7) The accessory dwelling shall not be a short-term residential rental, as defined by City Code section 3-2-152(a)(2), for a period exceeding 120 days per calendar year."
Jorge Abreu
Key Takeaways for You to Turn Your Multifamily Real Estate Dreams Into Reality:
9 January 2025 | 0 replies
Here are some Key Takeaways for You to Turn Your Multifamily Real Estate Dreams Into Reality:➡️Define personal goals.
Erik Fredriksen
New Investor trying to learn more and make contacts
8 January 2025 | 4 replies
@Erik Fredriksen How would you define "moving your real estate game up"?
Dustin Wheeler
New member exploring real estate
13 January 2025 | 10 replies
I encourage you to define your financial goals, as real estate presents numerous possibilities.Building a strong foundation of knowledge and connections can significantly impact your success in real estate investing.
Daniel Baker
Considerations when selling.
15 January 2025 | 6 replies
What is the current market valuation of the property based on comparable sales (defined as similar properties, within a 1-mile radius, within the last 30 to 180 days, that are within 10% of total square footage)?