Felicia Vinces
What makes a good seller financed deal?
28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
Conor Neville
When to approve tenants?
22 January 2025 | 7 replies
When they sign the lease, it is one of the five key points highlighted on the first page that they have to initial.
Jason Khoury
Purchasing Vacant Home from Non-Profit
12 January 2025 | 6 replies
Experience Purchasing from Non-ProfitsPurchasing property from non-profit organizations often involves additional considerations compared to typical transactions:Decision-making process: Non-profits often have a board or committee that must approve property sales.
Mike Levene
House Hacking In Expensive Markets
16 January 2025 | 23 replies
Never making a large salary.Like you said, its incredibly important to make these big sacrifices before having a serious relationship and/or marriage and kids, because most times the significant other won't be on board to live so far away from everything.
Alesa Hickson
Bad contracter Cyrus Gordon 11 Wildcat Branch Dr. Sicklerville NJ
17 January 2025 | 6 replies
If you pm me info I can give you more info and contact for the license board.
Grant Shipman
Why Part of a Good Deal is Better Than 100% of No Deal
3 February 2025 | 1 reply
Experience Opens Up More DoorsTwo key things happen when you take a piece of a good deal:1️⃣ People trust experienced investors more than rookies.
Devin James
New Home Buyers are Strapped for Cash
24 January 2025 | 3 replies
This speaks volumes about the challenges Buyers are facing when it comes to saving enough cash to purchase a home.It’s a reminder that understanding what Buyers need most is key to creating deals that work for everyone.
Rebecca Gona
New to STR -Excited but scared- need to learn!
25 January 2025 | 12 replies
Location is key (just like all of RE :-)I've done 2 STRs and did quite well, but I did everything myself...and had great locations for each.
Leslie L Meneus
Looking To Learn & Link
14 January 2025 | 9 replies
I’d love to connect & discuss my goals further, especially since you specialize in long-term, turn-key properties, which are exactly what I will be focusing on as an investor.I’ll definitely check out the podcast you shared to learn more about turn-key investments.