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20 December 2024 | 10 replies
The sun is usually shining every day and buyers are actively looking in the months of January and February unlike some markets where they wait until the spring.
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13 December 2024 | 1 reply
Everything is on my schedule every day in a block of time (including shower).
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12 December 2024 | 10 replies
@Bao Vu The purchase price and related expenses from 2023 should be included in the cost basis for the flip sold in 2024, reducing your taxable gain.
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18 December 2024 | 20 replies
RTC stands for "Over the Counter" which itself means, liens that were not sold at the original lien auction and are available no on a first come first served basis at face value.
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19 December 2024 | 8 replies
It depends on your goals, I would say outsource the management & hold the asset as nobody has regretted owning real estate on a long term basis.
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16 December 2024 | 14 replies
Raising rents on a monthly basis is likely to drive your tenants away.
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14 December 2024 | 6 replies
I'm in a small town with nobody to really network with on a regular basis.
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13 December 2024 | 4 replies
I'm wondering about servicing these after completion on a longer term basis following a DSCR guideline as they will be rented, and then selling them in a secondary market.
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22 December 2024 | 23 replies
I don't work on houses, but I have to use B and A-basis values for material strength which in effect means the real material will end up being 20%+ stronger (depend on the material).
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12 January 2025 | 185 replies
In my almost 20 years of doing Subject 2's and working with other investors in almost every State in the US, in the very few instances the Due on Sale is called it is because if the inexperience of the Investor in not knowing how the transaction is to be done, (not closing with a Title Company or Attorney, not doing the Insurance correctly)Most of all, (not communicating with the seller) Bank calls the Seller to offer them Life Insurance or some other service, and the seller tells them, "I don't own that house any longer, some guy took that house from me and put some renter in it"If you dig into any investor that tells you they had a property or a friend of their brother in laws Collage roommate that had the Due on Sale clause called, you will most likely find that the investor screwed up somewhere.This is why Education and knowledge is needed on any Real Estate transaction.I get calls almost everyday from someone who screwed up on a Subject 2 and is asking to be bailed out, many times they do not want to pay for help, and things just get worse.If you know how to make the Bank Comfortable with the transaction, all is good.Last year I had a couple of hedge fund managers call me asking how they can offer their under preforming loans to Investors to by Subject 2, wow what a great deal, I could call Pace and he would have buyers the same day for a 1,000 homes, but the legal aspect of this would hold the Hedge fund liable so we could not do a deal.