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6 February 2025 | 5 replies
Readers should seek professional advice.
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7 January 2025 | 5 replies
I am now at a big of a standstill, and I am here seeking advice on next steps.
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28 January 2025 | 0 replies
Legal and Regulatory HurdlesReal estate transactions involve legal complexities that can overwhelm newcomers.Solution: Learn about legal requirements early on and seek professional advice when needed.
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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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16 January 2025 | 1 reply
Hi all! I am in the Scranton/Wilkes-Barre area and I am
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24 January 2025 | 0 replies
Landlord and Tenant agree that any action or proceeding in which Landlord is seeking possession of the Premises from Tenant, a trial shall be heard by a court sitting without a jury.
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27 January 2025 | 4 replies
Readers should seek professional advice.
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13 January 2025 | 3 replies
I'd recommend looking for a house versus a condo.
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2 February 2025 | 7 replies
Readers should seek professional advice.
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28 January 2025 | 11 replies
I do not recommend this level of tax fraud as the consequences can be serious.good luck