29 April 2024 | 7 replies
If the payment is $1,234,56 your #1 payment is $1,234.56 to the lender and if you did a Carry back of $50,000 @ 4% your Carry Back payment is $238,71 to the sellerThere will be more in Part 2 of Subject To vs Wraps Similarities and Differences Part 2Numbers 5 and 6 of similarity are dubious as a practical matter.A seller can always interplead you (the buyer) in a mortgage foreclosure so you have no protection from a deficiency judgment.From one of your prior posts to me when I took you guys to task about “subject to” you remarked that it’s just numbers.
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29 April 2024 | 2 replies
It was clear they were all forging their own path, trying to figure out best practices, and unlike a teenager they were there to express and discuss those concerns and doubts outwardly so we could all benefit from the collective successes and mistakes of the group.
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28 April 2024 | 14 replies
I am quite good at SEO, so the leads come and find me.
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29 April 2024 | 14 replies
This will give you some hands-on experience and an opportunity to put into practice what you have learned from reading the book.
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29 April 2024 | 12 replies
None of the above works unless you take action and put it into practice.
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29 April 2024 | 4 replies
My plan is to self-manage the property and rent it out by the room, and I believe your expertise could provide invaluable insights to help me navigate this venture successfully.Specifically, I'm seeking advice on the following areas:Property Management Software: I'd appreciate recommendations for property management software that would streamline my operations and help me stay organized.Bookkeeping: Could you provide guidance on best practices for bookkeeping in rental property management?
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29 April 2024 | 168 replies
As a practical matter, this means the buyer must wait over a year before renovating or renting the property.
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29 April 2024 | 9 replies
As a notary or NSA, you CANNOT explain anything to them except a general description of a document or where to find things such as the rates, terms, etc because that would be considered illegally practicing law.
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29 April 2024 | 22 replies
I would like to buy the other one for sale but the 50k down payment would not be super practical right now as I just shelled out $50k down payment for the next be I just bought.
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28 April 2024 | 4 replies
Practice it enough and you'll learn how to analyze property on a napkin or in your head.Remember: the math never changes.