Assumptions (the lender is involved in the process and it goes through underwriting like any other loan)   A new deed of trust with right of foreclosure including Due On Sale is typically involved.

 Do you believe you can achieve a better result for your family member trying to sign an assignment contract over retaining the best real estate broker in the market with a robust marketing package while leveraging the sales professional's relationships?

Maintenance/cap ex, insurance, if a rental PM, bookkeeping, misc.The fact you have a loan means 1) leverage 2) equity pay down.In addition, there are tax benefits.So I will do some rough underwriting as an OO non-rental at 95% LTV (because FHA has some undesired consequences that make the 1.5% difference in LTV worth avoiding the FHA).equity paydown: 20% (using OP interest rate at 95% LTV and not counting closing costs). 

Purchase price: $540,000 Cash invested: $108,000 Sale price: $540,000 My client bought a condo in Lincoln park.

The flippers who COULD handle the volume that a flipping fund would allow them to take on, don't need a fund, because often times, anyone flipping at that volume is already making close to 7 figures a year, and wouldn't want to keep splitting it.Alternatively, I, personally, would not invest with a flipper that hasn't done it, a lot.   

I've been toying with the idea of adding an ISA to my sales business.

Take a look at sold comparabale sales over the last 12-24 months and identify what you can do to add value to a home using renovations to increase the subject properties ARV as fast as possible.

OpportunitiesAffordability: Compared to many West Coast markets, Albuquerque properties often come at a more affordable price point, making it possible for investors to get started without a massive initial capital.Rental Demand: Due to the presence of UNM and other educational institutions, there's a consistent demand for rental properties, especially those close to campuses.Cultural Appeal: With its rich Native American and Hispanic heritage, Albuquerque offers cultural festivals, markets, and historical sites.

Purchase price: $395,000 Cash invested: $100,000 Sale price: $570,000 Such a fun project!

.👀2024 was only slightly better (by 100 closings) than 2023.Either way, this year and last year were the lowest homes sold since 2012 in Denver metro.