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28 January 2025 | 1 reply
It should include details like the purchase price, property description, and terms of sale.
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24 January 2025 | 4 replies
.- Review the loan documents, there is most likely a due on sale clause, which is why you won't find a title company to process these for you.
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23 January 2025 | 2 replies
Usually in the year following your purchase, the property appraiser will reevaluate the house based on the new sales price.
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2 February 2025 | 7 replies
The reason is the rent-to-price ratio is good so you can cash flow, and most of the West side doesn’t have a Point of sale inspection which is really annoying.
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23 January 2025 | 5 replies
Buy a lot and build a house for sale in 2026.
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6 February 2025 | 3 replies
I’d appreciate your perspectives.Here are the details about our current home:3/2 Class A property in a middle-America town with historically ~1% annual appreciation.Purchased in 2020 for $200,000 at a 3% 30-year fixed rate.Remaining mortgage: $150,000.Estimated value: $270,000 (based on recent sales).After selling costs: Likely $100,000 in net proceeds.Rental potential: $2,000–$2,300/month.PITI: $1,200/month ($700 mortgage + ~$500 insurance/taxes).Maintenance/CapEx/Vacancy (20%): ~$400/month.If kept as a rental:Net cash flow (self-managed): ~$500/month or ~$300/month with property management.Low appreciation potential but ~$400/month in principal paydown.Considerations:What’s the additional overhead of managing a second rental property remotely (3 hours away)?
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11 January 2025 | 4 replies
Palm Coast might not have the flashy reputation of Miami, but there’s a lot to love in that area’s growth potential.I’ve been around the real estate block for a few decades, and one thing I’ve seen is that luxury rentals can thrive when they’re more than just “pretty”.. they need staying power.
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31 December 2024 | 2 replies
BUT I have also heard that it could trigger a due on sales clause, bringing the note fully due at any moment.
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10 February 2025 | 7 replies
As others have said a 1031 exchange, which allows for the deferral of capital gains taxes, is not applicable to properties held primarily for sale, such as a flip.If your goal is to defer taxes, you might consider holding the property as a rental for a period to qualify it as an investment property, which could then potentially be eligible for a 1031 exchange.
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28 January 2025 | 48 replies
But on this specific guy, I jumped on a call to explore the program and it was a high pressure sales call, it did not feel organic, not trustworthy and certainly did not feel the right fit.Why would someone spend 10k on a so niched-down space of real estate when they can get someone for the same amount to teach him/her everything?