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23 October 2024 | 2 replies
Just be aware that this adds another layer of complexity, and you’ll want to check with both your lender and a real estate attorney to make sure everything is set up correctly.When it comes to terms, owner financing gives you a lot of flexibility:Interest rate: You want something attractive to the buyer but that compensates you for the risk of holding that second lien.Repayment schedule: You can choose a traditional 15- or 30-year schedule, or go with something shorter if you want to be paid off sooner.Balloon payment: Many owner-financed deals include a balloon payment, meaning the buyer pays off the remaining balance after a set period (usually 5-10 years).
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23 October 2024 | 1 reply
.- Investors / Rehabbers - You never know when i will stumble across a fantastic deal - would love to be able to keep in touch and send you market updates from my area.
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22 October 2024 | 0 replies
LTR intention so an updated CoC return of 9.1% down from 12.9%.
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22 October 2024 | 4 replies
Update your insurance.If they do, inform your insurance company about the change in your property's use.
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23 October 2024 | 7 replies
It helps to have savings when you're looking at a little bit older of properties that might still need bits of updating.
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21 October 2024 | 0 replies
Should I or does it matter if I update the LLC address?
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22 October 2024 | 8 replies
One component of our communication consists of monthly news updates on the portfolio and individual site performance, which are uploaded to our investor portal, including monthly reporting of financials and individual facility performance.
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22 October 2024 | 19 replies
Great tools that get updated regularly.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.
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21 October 2024 | 2 replies
If you're a 5% owner for only part of the tax year, then only the services performed during that period count toward qualifying.Also, it's important to note that the Tax Court has held that merely being on calls doesn't meet the 750-hour requirement.
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23 October 2024 | 13 replies
It's updated every year and is the best $40 you'll spend as a Landlord.