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8 December 2024 | 14 replies
These properties can often be acquired through creative financing methods like:Seller Financing: Negotiate flexible terms with motivated sellers who want to avoid traditional bank processes.Lease Options/Subject-To Financing: Take over a seller’s mortgage without assuming full responsibility, especially for properties needing renovation.Creative Terms: Adjust terms to fit market conditions, like offering lower down payments or longer payoff periods.Staying connected with investors and tailoring deals to current conditions can help you secure opportunities even in challenging markets.
13 December 2024 | 15 replies
Everyone on here is saying that you can do it, but it's definitely not possible if you don't have a lease in place on the unit you are currently living in or can show you are living somewhere else with a utility bill or rental lease to demonstrate that you are not intending to live in the subject property.
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30 November 2024 | 9 replies
I recently came across an interesting opportunity and thought I’d share the details.
Mortgage Details:
Outstanding Balance: $70,000Fixed Interest Rate: 3.75%Monthly Payment (PITI): $950Loan Maturity: May 2045
The p...
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4 December 2024 | 4 replies
Find three properties and make offers on all three at once subject to.
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5 December 2024 | 6 replies
However, there are some drawbacks to putting a rental property in a trust - first setting up a trust can be expensive and involve a lot of paperwork, the rental property may be subject to rent control and liability insurance may be more expensive for a trust.
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6 December 2024 | 3 replies
The basics of a seller financed deal are that the title co or closing attorney (if there is one) or seller’s attorney draws up the warranty deed transfers title, the promissory note evidencing the debt related to the transaction, and either the deed of trust or mortgage (whichever is being used) perfecting the lien against the subject property.
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6 December 2024 | 6 replies
If hourly vendor vs salaried maintenance is what makes or breaks the deal...it's not a good deal.Your best estimates are likely to be from managers/owners of buildings similar to your subject property.
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13 December 2024 | 20 replies
No one in their right mind is going to file a lawsuit over 2k.. they may and should just take you to small claims and or as Greg stated file their lien and wait.Also work done to YOUR satisfaction is a pretty weak argument and totally subjective.
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17 December 2024 | 20 replies
So I’m pretty close to you, once I pull some cash I have sitting in a flip that will probably turn into a brrr I’ll be about 70/30 stocks, I really don’t mind buying property provided I think for some subjective reason that area is undervalued/will outperform the market, but to me the stock market has a few advantages, 1. it is much easier obviously/more liquid. 2.
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7 December 2024 | 150 replies
So far, no one has ever posted the class topics taught, it's not a real secret, doesn't need to say how they teach a subject, but subjects never seem to appear.