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30 January 2025 | 8 replies
I see many situations where one generation wants to buy out a prior generation or, more typically, siblings.
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26 January 2025 | 12 replies
That would show you exactly what they are each looking at to compare your property
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21 January 2025 | 35 replies
---Investors always compare/hire people of Craigslist that are uninsured, questionable skills, are unreliable and offer no warranties.
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29 January 2025 | 5 replies
With 40-60K in equity you could explore selling to reinvest but it depends on what deals are out there compared to yours
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3 February 2025 | 31 replies
But even if you want to do large deals, you need comparable reps.Technology has made it easy to "analyze" deals.
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17 January 2025 | 22 replies
Did you vet contractors in-person prior to hiring them to work on your projects?
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28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
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4 February 2025 | 5 replies
Unfortunately due to the property values, the cash proceeds will be disproportionately impacted by transactional costs associated with the financing (doc prep, appraisal, recording etc.) which will also hurt the available proceeds compared to the same LTV financing of higher value real estate that can better absorb these transactional costs.
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30 January 2025 | 4 replies
Plus new folks do a very poor job of screening the buyer for Ability To Repay (ATR) which involves pulling full doc and calculating the borrowers DTI, honest income, honest debt payments, prior debt payment histor (FICO) etc etc.Plus shockingly (or shocking to sellers) if you bought this investment house, fixed it, then are selling with financing you are selling "inventory" and y9ou owe taxes on the gain in the year of sale, you are NOT able to use installment sale to spread out paying taxes.
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19 January 2025 | 10 replies
We’ve tried other platforms on the market, but the message delivery rates were very low compared to the 85%+ I get here.