
5 August 2024 | 12 replies
There is "delayed financing" options where you can do this but its usually not same-day.However, what you are looking for is probably a hard money lender that does not require appraisals - this allows quick closes and functionally the same as cash offers (and pretty much what you appear to be looking for) In this scenario, there is a court-ordered appraisal that I would like for it to be used.

5 August 2024 | 4 replies
@Srinath GopinathanThey will stipulate what is common area property and what is the unit owners responsibility.Also covenants will dictate things like no gas grills and other things that can and cannot be done so they can properly insure and not over or under insure

5 August 2024 | 5 replies
Otherwise you would take title to the new property as two LLCs with one of you as the single member of each.You've got a very good scenario to get some of the proceeds tax free and defer the tax on the rest.

6 August 2024 | 12 replies
That is the most common piece of advice I have received.

6 August 2024 | 7 replies
I take it that 35% is the common expense ratio for mobile homes?

7 August 2024 | 17 replies
You can read the forum and create a list of the 30 most common problems, then study how to handle them and develop a plan for each in less than a year.

6 August 2024 | 29 replies
I'd expect cash buyers to be lower, not higher in most scenarios but I see what you mean.

5 August 2024 | 7 replies
all lenders record the lien . what is the scenario looking like ?

5 August 2024 | 4 replies
I'll throw it out there as an option, knowing that no one is really going to take it.Your proposed transaction is low leverage, so very good terms should be available, but FDRs New Deal in the 1930s (which created the kid-friendly home loan ecosystem -- home loans commonly had 10 year balloon payments before that, even if you put 50% down) was only for homes, not for CRE.

5 August 2024 | 6 replies
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