
22 May 2024 | 0 replies
For those looking to buy, having cash on hand can be a game-changer, giving you the upper hand in negotiations and helping you secure the property of your dreams.Sellers, take note: the percentage of the original list price received stands at 94%, a slight dip from last year's 95%.

22 May 2024 | 2 replies
My partner and I use the subject to language from the AIR CRE forms as an addendum to the REPC - UtahSubject to language for purchase offer - Utah REPCBuyer(s) shall take title to the Property subject to the following existing deed(s) of trust securing the existing promissory note(s):(i) An Existing Note (“First Note”) with an unpaid balance as of the Closing of approximately:Said First Note is payable at $_____________ per month,Including interest at the rate of _________ per annum until paid (and/or the entire unpaid balance is due on ___________ (date).

22 May 2024 | 0 replies
We've got a national bank, a local credit union, and a direct-to commercial mortgage backed security.

22 May 2024 | 3 replies
If buyers are financing with 10-20% down and hoping to secure a competitive property, I'll provide them an accurate competitive market analysis (CMA) and have my lender partner (or myself as a licensed NMLS mortgage broker) breakdown the differences in loan terms for an escalated at various price examples.

22 May 2024 | 77 replies
I ultimately decided to use another app to organize my properties (not as robust but does the job) and then bulk mail and/or skip trace them).

22 May 2024 | 8 replies
Diversity of portfolio is good for maintaining capital but if you're having success in one area I would continue with it until you have enough capital that needs to be diversified and then seek out professionals in those spaces who can benefit from helping secure your capital in other asset classes, personal opinion!

20 May 2024 | 13 replies
This is something to budget for when considering this type of rental.Management Intensity: Managing student rentals can be more hands-on, requiring stricter lease agreements, regular inspections, and sometimes dealing with noise complaints or other issues.Seasonal Vacancy Risk: There’s a risk of vacancies during summer months unless you find tenants who stay year-round or offer summer sublets.Zoning and Regulations: Some college towns have specific zoning laws or regulations regarding student housing, so it’s crucial to be aware of these and ensure your property complies.Tips for Success:Proximity to Campus: Properties close to the university are more desirable and can charge higher rents.Furnishing: Consider offering furnished rentals as students often do not have their own furniture.Strong Lease Agreement: Have a robust lease agreement that includes clauses for damages, noise, and other common issues.Hire a Property Manager: If managing the property becomes too time-consuming, a local property manager with experience in student rentals can be a great asset.Overall, student rentals can be a profitable investment with the right management and location.

22 May 2024 | 3 replies
And outside the exchange the exchanger now owns a note secured by the property they sold that has no tax associated with it other than the interest portion of each payment.The key is finding a buyer for the note, or having enough cash to purchase the note from the exchange account.
22 May 2024 | 0 replies
We added value by repainting interior, new floors, new roof, resurfaced the pool, added a fence for privacy, upgraded the landscaping, sealed and painted the exterior, added central A/C with new unit, upgraded the irrigation system, added gutters, added security cameras, added hurricane proof front and rear doors.

22 May 2024 | 3 replies
Many will work on contingency, taking a percentage of the final claim amount.In the meantime, you'll want to secure the property to prevent vandalism, further damages, or injuries.