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30 January 2025 | 3 replies
I saw how that proposal is basically her giving me a 0% loan, but at the same time I believe that structure will avoid her taking a large loss (approximately 30k if she accepts a 300k offer).I do not know why she doesnt get a PM, I only share the facts of when she purchased it, the purchase price, and the reasoning she shared with my realtor as to why she is selling after such a short time period.
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31 January 2025 | 3 replies
Managing your budget is basically advertising as needed.
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5 February 2025 | 18 replies
Sometimes you can find firsthand experiences that don't show up immediately in basic searches.3.
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21 February 2025 | 30 replies
One can do well with low price high risk but max leverage and thinking our going to sit in your barcolounger while you let your tenants pay for your retirement is not reality unless you live there and work it basically daily..
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22 February 2025 | 48 replies
So, you basically sell this home to a proverbial John Doe, who signs a contract to pay for 30 years little less in monthly payments than what he currently pays anyway to rent apartment where he lives, with no prospect of ever owning it.5.
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17 February 2025 | 10 replies
We would certainly want to have our basic needs covered, and the occasional emergency, and be inflation proof.
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4 February 2025 | 18 replies
My basic underwriting making some standard assumptions on HOA expenses, 20% down, 7% interest rate, 30 year mortgage, utilities, supplies, and maintenance costs shows a loss of about $22k per year if you are self managing.
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28 January 2025 | 1 reply
**Letter of Intent (LOI)**: Though not legally binding, an LOI can outline the basic terms and conditions of a potential deal before the final contracts are drawn up, ensuring that all parties are on the same page.It's always wise to consult with a real estate attorney to ensure that your contracts comply with local laws and protect your interests.
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2 February 2025 | 7 replies
Those would be tricky too, and the properties have to cash flow, but is this basically accurate?
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8 February 2025 | 12 replies
So you have to create that balance for yourself.I don't think your goals are bad, you are basically living below your means (in an RV) and buying rental properties.