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7 February 2025 | 40 replies
Not exactly sure what Safeguard does but if they are originating notes for owner occupied properties then they need to follow the Dodd Frank rules and anyone buying such notes should make sure they did.
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7 February 2025 | 14 replies
You are interested in investing in short-term rentals as an out-of-state owner and how to furnish and get the property ready remotely.
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23 January 2025 | 4 replies
Some have done owner financing with an agreement to pay all interest and equity splits when the home sells others have done it where they do a quitclaim adding their name onto title with the seller so once rehab is done the seller can't try and cut you out of the deal.
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22 January 2025 | 4 replies
Remember that for most owners, their business is very personal to them.
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28 January 2025 | 0 replies
Love to keep relator out of it, but may need realtor to find a next deal for me as a duplex up to 4 plex on VA loan/owner occupy.
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30 January 2025 | 0 replies
Off-Market: I was working for a storage facility and the owner needed help removing his stuff because he was moving How did you finance this deal?
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27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
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1 February 2025 | 51 replies
Since the laws are not for the owners and we are no longer there.
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21 January 2025 | 10 replies
When you look them up make sure the owner isn't a LLC and that there primary address is not the same as the property you where looking at.
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5 February 2025 | 69 replies
Their owner is very aggressive and combative if you escalate any issues.