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29 August 2024 | 5 replies
Very different answers to your question depending on the answer to this one.If for a career path, I would agree with @Michael K Gallagher and find a brokerage that is actively doing deals, has a property management division in house, and has brokers covering each of the key market segments - multi-family, retail, office, industrial and land.
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28 August 2024 | 2 replies
You can use the proceeds from the bridge loan to cover the down payment and closing costs on a new property, which enables you to buy a new home before the first one is sold.
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28 August 2024 | 0 replies
This approach allowed us to move quickly, securing the property and covering renovation costs efficiently.
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30 August 2024 | 9 replies
So the burden of proof will be on you to show that the seller knew about the issues, failed to disclose them, and that they covered them up hindering your ability to inspect and uncover the issues.
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28 August 2024 | 2 replies
It will eventually cover about 20 acres and have roughly 25 pads.
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28 August 2024 | 11 replies
This can be particularly risky if the property's value drops or if the sale doesn’t cover both loans, leaving the second lender with a reduced recovery or possibly nothing at all.
28 August 2024 | 2 replies
The land equity can cover that 3.5% down meaning you do not need an investor!
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28 August 2024 | 17 replies
So I would do what you can to scrape up the money to get legal help OR if your name is on the properties then drop the price to sell them so they cover the mortgage amount and walk away.Look at it from the perspective of what is it going to cost you to litigate versus just get out now?
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27 August 2024 | 4 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.