
14 May 2024 | 8 replies
The best option is to proceed with a cash-out refinance utilizing a DSCR loan. you can grab up to 75%LTV all by using the current tenant's lease agreements to cover the debt service requirement.

14 May 2024 | 2 replies
Just make sure that the local zoning laws and HOA (if applicable) allow for this arrangement.Down Payment Terms: Spreading the $20k down payment over 6 months can ease the upfront financial burden, but ensure you have a clear agreement with the seller on this timeline and any penalties for delayed payments.Best of luck moving forward,KC

14 May 2024 | 5 replies
Property managers are unlickely to offer this kind of deals as the comission are low enoughWht I am now doing with my investors now is a price agreement for certain things that they want to offboard, but this is not property management, but a sort of limited service agreement.If you are interested we can talk as I live in the area.By the way, I heard that e-sign contracts signed overseas are unenforsable, I would like to have a attorney to comment about that.

14 May 2024 | 2 replies
I think making things easy for your tenants, i.e. electronic lease agreements, ACH bank payments, etc. helps the process.

13 May 2024 | 2 replies
They are there to facilitate the purchase - now some are better than others and will spot certain things for you to review furtherBut two years after the fact not sure what recourse you haveRegarding giving them money, not sure what that is about so tough to respond to that except again what was in the agreement you signed Long story short, move on.

13 May 2024 | 9 replies
Hey mate,Property managers tend have quite a few hidden fee's.For example:Tenant placement feeLease renewal feeMaintenance up chargeEviction up chargeGranted, PM's gotta make some money also but just ask for the PM agreement if the fee structure isn't transparent enough on the property managers website.Just my 2 cents.Thanks

15 May 2024 | 35 replies
With investors, make sure that it's YOU and your Real Estate attorney that write any sale agreements, not the investor.

13 May 2024 | 2 replies
You could structure a joint venture agreement but make sure you lay out the following: - Purpose of the Venture- Contributions- Ownership and Profit Sharing- Decision-Making- Management- Duration and Termination- Liability and Risk Allocation

11 May 2024 | 1 reply
Purchase price: $260,000 Cash invested: $5,000 This was a short term lease option agreement to help the original owner get back on track with monthly payments and upgrades.

15 May 2024 | 48 replies
Keep in mind though, you should follow through with this agreement and move to the property since you can be liable and risk the lender coming after you if you decide not to move following closing.