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24 September 2024 | 27 replies
In this instance however I know the Seller (RE agent who I have bought from before) and the RE buyer agent for us (who I have bought through before).
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23 September 2024 | 21 replies
For instance if I was buying a single family house 2bed 2bath, could I say she was going to be renting one room and will be paying X amount.
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20 September 2024 | 6 replies
Short answer is as little as possible.The long answer is it depends on the deal.Typically you end up in a subject 2 situation when the current owner has little or no equity in the property, the current advantage of subject 2 properties is that most mortgages are below current market rates.Keep in mind when acquiring a property subject 2, in most instances you are not notifying the current lender of the change in ownership, and most if not all mortgages have a due on sale clause, which is the lender's decision if they want to enforce it or not.I personally like the idea its a great way to get investment properties with low rate loans, that with most likely appreciate in the coming years.
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20 September 2024 | 5 replies
I have transacted at least 5000 properties as a flipper developer and lender and I have had one instance of this. were someone recorded a mortgage 5 minutes before my loan went on record so when I got my title policy I was in second instead of first made a claim to my title insurer and they rectified it quickly and went after the bad guy criminally.
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20 September 2024 | 2 replies
In these instances, you'd have to check things like flooring, plumbing for leaks, roof for leaks, hot water heater, and heating and air conditioning units.
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23 September 2024 | 5 replies
It seems like towns could dictate if you can build an attached vs detached adu for instance.
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20 September 2024 | 12 replies
For instance I was seeing insane growth and development in pasco county, wesley chapel areas outside of tampa, and actually had a hell of a time finding industrial space in Bradenton FL, so at least on the commercial side of things from my limited experience there didn't seem to be a down turn or softening, so its so interesting to here your take on your local market there as well.
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19 September 2024 | 15 replies
So for instance for our lead organization & management, I clean the lists up in google sheets and then download as a .CSV file and upload into Airtable (google sheets on steroids) where its easier and cleaner to manage.I use Airtable to manage our raw leads data - I have a trigger set up, that whenever we change the status to "qualified", that lead will go into our CRM (Salesmate.io) where we track our contacts and deals.
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17 September 2024 | 3 replies
I've heard of instances where I've seen the investor do well long-term and some where the investor has been able to build and sell or just hold and eventually sell if new developments are coming up in the surrounding area.
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19 September 2024 | 14 replies
In your instance of being an OOS landlord I’d look at placing a property manager until you can non-renew her.