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22 January 2025 | 0 replies
Purchase price: $125,000 Cash invested: $75,000 Sale price: $248,000 Decent fix and flip completed in 2024.
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6 February 2025 | 16 replies
@Zoe Brennan You can use the info below to pursue either real estate sales or investment sales:)Why does everyone want to chase strangers – and ignore their own personal network?
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22 January 2025 | 0 replies
Duplexes for sale starting at $585,000 with a 3.75% interest rate.
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27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.
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2 February 2025 | 7 replies
The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.
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22 January 2025 | 1 reply
Purchase price: $341,000 Cash invested: $136,000 Sale price: $519,000 A house that I bought, renovated, and sold.
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14 January 2025 | 5 replies
you have to inspect BEFORE the sale.
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22 January 2025 | 2 replies
The increasing barrier to entry results in fewer new STR's coming available for sale, but also fewer options for guests to rent.
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26 January 2025 | 5 replies
20 townhomes sounds like it would be sales, but I don't like to assume.
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30 January 2025 | 19 replies
Was that a past career in sales, management, or something related to real estate?