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31 January 2025 | 3 replies
Managing your budget is basically advertising as needed.
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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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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.
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28 January 2025 | 2 replies
Basically, more than a certain amount of STR and MTR in the same building were considered a hotel and I would have had to have 24/7 staff on site.Were you able to get around that with the local municipality?
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6 February 2025 | 10 replies
Start by learning the basics, networking, and analyzing deals.