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2 February 2025 | 2 replies
There are many service companies that will manage seller finance notes including the payments, escrow accounts, and documentation.
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31 January 2025 | 9 replies
Work with a qualified tax advisor on filing all of this including filing the 990T return for the IRA.
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12 February 2025 | 5 replies
For a variety of reasons, including keeping this potential project "need-to-know" only right now, I want to get a ballpark estimate with full understanding that the goal posts could move in either direction as the project gets more discrete.
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24 January 2025 | 9 replies
Many lenders also impose additional requirements such as owner-occupancy, and/or that one lender make all of the institutional loans in the building.- The CA rules seem to have many rules related to financing such as seller must include appraisal, no balloon payments before 10 years, etc.
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7 February 2025 | 16 replies
While this can maximize leverage and ROI, challenges include getting lender approval for seller financing, high carrying costs, and the pressure of short-term loans.
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5 February 2025 | 1 reply
Upgrades included modernizing interiors, updating plumbing and electrical, and enhancing curb appeal.
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5 February 2025 | 0 replies
The renovation process included modernizing outdated features, updating plumbing and electrical systems, and enhancing curb appeal.
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8 February 2025 | 3 replies
There are tons of filters you can use including out of town owners, single family, multi fam, equity percentage…etc. https://www.melissa.com
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4 February 2025 | 13 replies
Follow all safety requirements your Insurance Company plus city and county require.This usually includes childproof access and alarms.
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5 February 2025 | 0 replies
My primary goal is to find the most cost-effective solution that minimizes tax liabilities, including avoiding property tax reassessment and maximizing the step-up in cost basis.