
30 May 2024 | 3 replies
The value add will include TI's and renting out the 50% of the square feet that is vacant.The hangup is that in a TIC structure we have learned that every person must bring money into the deal to achieve an equitable split.

29 May 2024 | 4 replies
Any insights on how to achieve this efficiently would be greatly appreciated!

30 May 2024 | 63 replies
Equity accumulation can be achieved in 10 years, 20 years, or greater.

29 May 2024 | 3 replies
Looking at this as my senior leadership, I knew the future here was not for me.I always believed I could achieve more, but I didn't know how until I stumbled upon a Tim Ferriss podcast featuring Mr.

29 May 2024 | 7 replies
Here are the details:Assumable loan balance: $750k at 2.75%List price: $950kDownpayment needed: $200k to cover the differenceMy initial plan to make this deal work included a few options:Getting a loan for the $200k difference.Bringing in a partner.Asking for seller financing.However, when I discussed these options with my agent, I hit a few roadblocks:Second Mortgage: My agent said no bank would provide a second position loan for the $200k.Seller Financing: He mentioned that 99% of sellers would reject this, though we're asking anyway.Agent's Advice: He suggested I just get a conventional loan and put 5% down for the full $950k, but I feel this defeats the purpose of leveraging the assumable loan.Given these challenges, I’m trying to figure out the best way to raise the $200k.

1 June 2024 | 48 replies
This is like me saying I am not yet a millionaire but I am sure I will become one...or I have not yet ran the Boston Marathon but I am sure I can finish it...One tip I picked up a while ago from people that have actually achieved what I want to achieve is that if you have not done it then you do not know it.

29 May 2024 | 4 replies
After pm forwarded my case (tenant did not pay rent) to collection agency, the judgement claim balance is $7,569.33.

29 May 2024 | 6 replies
If you took out a separate loan secured by the second property, and that will be used as a second residence, then it is potentially deductible - subject to all of the other limitations of personal mortgage interest like the $750k balance cap.

29 May 2024 | 7 replies
Asking as a seller to keep track of payments, loan balance etc.

29 May 2024 | 12 replies
BUT if it gets your deal done with less cash out of pocket, might be worth considering a higher rate until you can build some more equity/ pay down some of the balance, and the refi into something more reasonable in terms of rates.