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14 October 2024 | 1 reply
I purchased a tax lien that was sold the next year with a “warranty deed” The lien was for 2022 taxes and the deed was transferred in 2023. prior to the transfer there is a long history of tax sales and different names paying taxes including a previous investor. how far back does the line of interest go and would the previous investor be considered someone who “holds interest” in the property?
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14 October 2024 | 3 replies
If you start self-managing in January and continue through the rest of the year, you should definitely be able to satisfy that requirement as long as you’re more involved than anyone else (including contractors and property managers).
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15 October 2024 | 4 replies
Key neighborhoods to look into include Avondale, Crestwood, and Highland Park—these areas have seen growth, attract young professionals, and offer solid rental potential.You don't have to visit in person, but it can help for peace of mind.
16 October 2024 | 11 replies
My only backup plan if I can't get verified funds is to assume the worst and to drop my counter offer even lower than my original due to the risk I would be taking on, and then when I do my in person inspection try and guess what rents are fair market for the empty units, and ask as many tenants as I can what they pay in rents monthly.Seller should give you all of his bank statements for the time he owned it, plus the operating financial documents (including rent rolls)that he received when he bought.Then find an apartment broker in the area and find out about rents in the building and in the immediate area.
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16 October 2024 | 6 replies
There’s nothing you can do to prevent that from occurring and it’s quite frankly the first defendant most plaintiffs attorneys will think to include.
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16 October 2024 | 14 replies
They worked together at a different real estate company, become friends, and started a company that is now a $5bn market cap public REIT.A lot of the syndications are partnerships with two co-founders (not including all the LPs that make them syndications).The thing with a partner is, it is very much like a marriage.
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15 October 2024 | 8 replies
They were members of a Christian church when my father was alive.Their real estate portoflio to include their primary home is worth 6.2 million, and their passive income rental brings in over $240,000/year.
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16 October 2024 | 13 replies
I recognize my numbers did not include closing costs and as you pay down the equity, the LTV decreases (but you get the equity paydown), but this return is so high that even if it had a modest hit, it would still be a great return.https://www.neighborhoodscout.com/ca/san-diego/real-estateAdding in forced appreciation can create an infinite return via brrrr.
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14 October 2024 | 0 replies
This included paying for storage pods, hiring movers to help pack and load her belongings, and purchasing flights for Anna and her adult son, who has special needs.
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17 October 2024 | 14 replies
FULLY FURNISHED" "Utilities Included" attached is an example of mine.