
14 March 2024 | 18 replies
The main reason for a seasoning period is to be able to use the new appraised ARV value.

16 March 2024 | 11 replies
I'll try to be helpful and concise here without being too long-winded...ESPP - Typically you buy this at a discount (Usually 15%) typically you get beneficial tax treatment on the discount and won't have to pay income tax on it as long as you hold it for their required holding period.

16 March 2024 | 19 replies
You would be looking at 75-70% LTV with shorter seasoning periods.

16 March 2024 | 4 replies
I like the idea of a lender looking at the deal and not pulling my credit (again), but I'm wondering how paying such a lender back would work, considering a (likely) higher interest rate and short amortization period.

19 March 2024 | 323 replies
If I were investing there, I would factor in a much bigger potential worst-case scenario.Also, keep in mind that when I say 10-15% correction, I mean in the time period that it will take me to complete the deal.

17 March 2024 | 29 replies
Stop periodically and give a hard look at how each is performing and if it is a good time to sell one or buy a new one.

16 March 2024 | 3 replies
You may also consider looking for lease with option to own opportunities, for the same reason; lower your down payment- then use the leasing period to build up what you need to exercise the option to purchase.
18 March 2024 | 29 replies
I can tell you this... we run a PM company, not a general contacting company, nor a maintenance company --- if the owner requests that we (not vendor) do things like change a door bell... you better believe that EVERYTHING including the sourcing and aquisition of the door to the clean up and time to do all of this... will be factored into the price... period; we value our time.

15 March 2024 | 1 reply
If during the next 2.5 years, the owner redeems the property i get the money + interest back, but lets say they do not redeem the property. 3) Within the last 6 -3 months of the expiration of the redemption period, I will file a petition at the circuit court for the tax deed 4) At the same time, after filing the petition for deed, I will need to send "Notice of Expiration of period of Redemption" Take Notice to the county so they can mail it to the home owners and any interested parties informing them to redeem asap. 5) I will subtax early the following taxes as soon as they are generated by the county. 6) Inform the property owner in three ways, certified mail from the Circuit Court Clerk, being personally served by, the Sheriff’s office; and notice being published in a local newspaper. 7)If the taxes are not paid and the last date to redeem passes, the tax buyer can apply to the Circuit Court for an Order directing the County Clerk’s office to issue a tax deed to the tax buyer.
15 March 2024 | 3 replies
Anything received before that period is already part of your bank balance so they usually dont get digging beyond that.I work with a company that allows gift funds for DSCR loans however whether that is allowed or not varies with each lender.