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14 February 2025 | 19 replies
Therefore, your agent isn't doing anything uncommon.You can always shop around to see if you can find someone who will work by a commission percentage.
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11 February 2025 | 5 replies
Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont?
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22 January 2025 | 9 replies
I like Dundalk because of it's location (easy to get south and 20 minutes away from shopping areas.Any advice on this area?
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7 February 2025 | 4 replies
These properties cover my mortgage, allow me to save for maintenance/repairs, and are projected to be worth $7–9 million by retirement.
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2 February 2025 | 3 replies
.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?
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19 February 2025 | 11 replies
.- Requests for repairs at inconvenient times.- Navigating tricky landlord-tenant relationships when you live on the same property.While some people thrive in this environment, others find it difficult to balance personal space with their role as a landlord.### 3.
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4 February 2025 | 7 replies
She no longer buys warranties because she has found the repairs are often shoddy and slow.
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13 February 2025 | 7 replies
I also learned they had a $50K water repair a few months earlier, which likely made it more attractive.
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10 February 2025 | 3 replies
Saving 15% for repairs/vacancies/capx.
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18 February 2025 | 18 replies
Quote from @Dina Schmid: If all goes well with Monday's post-repairs inspection, we should close later in the week on a cabin that we want to use as a getaway for us + STR when we're not using it.