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18 December 2024 | 23 replies
I think paying off your primary makes sense if you are close to retirement, but not if you’re young, and not if you have a sub 6% interest-rate.
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13 December 2024 | 5 replies
Managing money might not seem as exciting as closing deals, but it’s one of the most crucial aspects of running a successful real estate business.
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12 December 2024 | 2 replies
Cheers to closing out 2024 strong and moving into 2025 with intentionality!
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11 December 2024 | 5 replies
It's supposed to ensure there are no surprises after closing.
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12 December 2024 | 7 replies
Crime in the area is not the best but it is close to Humbolt Park downtown, Garfield Park Conservatory, the 606, etc.
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10 December 2024 | 7 replies
That property was still showing that I owned it so I just wanted to close it out as a reminder to myself.
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15 December 2024 | 12 replies
Please be aware that all national homebuilders, and I would assume solar developers as well, will want enough time in the contract to conduct substantial due diligence, rezone (if needed), and get all required land development permits in place before closing on the land.
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10 December 2024 | 5 replies
Quote from @Hector Espinosa: Hi,I'm negotiating a seller financing deal which may be my first one and would like to ask for some advise about and what are advantages and disadvantages about seller financing deals.These are the seller financing terms:House Price: $330,000.00 USD (Sellers still owe ~$301,000 USD)Down Payment: 5% = $16,500 USDLoan Amount: $313, 500 (Monthly payments will be amortized as a 30 years loan)Interest Rate: 4.531%Balloon Loan Term: 5 YearsMonthly Payment (P&I): $1,594.24Closing Costs: ~$3300 Zip Code: 74105Observations: * HVAC requires an update but pending to inspection (replacing with a new one will cost ~$10,000 - $15,000 USD ) * Expected Rent Income: $2,000- $2,300 but this is has been really complicated to get a good estimate because is all over the place in the different sites I have checked
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16 December 2024 | 23 replies
I'm currently biased towards Indianapolis based on its job growth and affordability, but you could honestly find deals in any of the markets you mentioned (and if your heart is set on the Atlanta metro area, I'd strongly suggest the towns Union City and Fairburn based on their growth, appreciation, and price -- I almost closed on a good BRRRR deal in Fairburn but the rehab was just out of my budget).
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10 December 2024 | 16 replies
You might look at vacancies on FF close to your location to get a feel for what the market is.