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15 September 2024 | 11 replies
Well, the reasons given generally fall into two categories - either tax benefits through an “installment” sale or obtaining an interest rate on their capital greater than what banks are paying.In my 45+ years doing real estate deals, I’ve found maybe once that the tax argument was considered by a seller; further the “greater than bank rate” argument is completely irrelevant because - the proceeds of a property sale were never going into a bank account, at least not most of the proceeds.
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14 September 2024 | 20 replies
@Sam FaasI have found that advertised seller financing deals usually are overpriced or the terms are not favorable; i.e. high down payment, short term or high interest rate.
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13 September 2024 | 2 replies
I'm a paramedic, that's where I found the potential. 40ft 2 bedroom container homes can be built for $20k and are approved in hurricane locations.I haven't created or run a successful business, joined the military at 17, and worked for most of my life.
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13 September 2024 | 2 replies
I found a NOTICE OF SELLER’S TERMINATION OF CONTRACT at https://www.trec.texas.gov/sites/default/files/pdf-forms/50-... but it looks like its between Seller and Buyer.
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13 September 2024 | 12 replies
Avid listener, and finally found a good opportunity to buy a Bed and Breakfast in my city of New Orleans.
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16 September 2024 | 18 replies
As mentioned, I'm being very specific but those are the properties that I found do really well.
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13 September 2024 | 9 replies
Trusted Property Inspections is the best that I have found in Cleveland.
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13 September 2024 | 2 replies
Option 2: I found a house that the asking price is 930k , but I’m sure I can get a discount on it because it needs a lot of work , it doesn’t qualify for traditional financing , so I would need to take a hard money loan , it needs about 150k worth of work , the plan would be to offer the full 930k asking price but ask for a 6% seller concession , I calculated 20% down payment and 7% closing cost , so total after seller concessions comes out to 21% down payment which is $195,300 .
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13 September 2024 | 6 replies
If you have had positive experiences with insurance providers in the area or know someone who provides excellent coverage tailored for vacation rentals, I would be grateful for your recommendations.Additionally, during the property inspection, we found a few minor repairs that need some attention before we officially welcome guests.
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13 September 2024 | 0 replies
I found this deal on the MLS and I negotiated it based on the days on market being high.How did you finance this deal?