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11 February 2025 | 1 reply
Looking to make connections with property owners in NY and Philly for meet ups as well!
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11 February 2025 | 21 replies
Needs gutters, full kitchen and bath, floors, paint with some drywall repair, windows, front porch and the deck on the rear is pretty poor as well.
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28 January 2025 | 5 replies
Lower debt to income allowed as well for conventional.
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11 February 2025 | 5 replies
Quick question on those who have done seller financing:- Buying a 0.3 acre downtown fort lauderdale multi family, negotiated an around 1M price w lot of development rights, double lot. seller got it way back early 90s for pennies- got good credit 800+, w2 job etc put 40% down and mortgage bank offered 6.62% 30yr fixed (CF negative as this would make current rent roll not too much compared to the PITI)- property is in ok condition, needs 20-30k repairs which seller OKd, and all 3 tenants are month to month, pay bit under market but also ok- seller would like to do seller financing, interest only at 5.75%, 30yr amortization at 7yr balloon (CF would be positive) - id be paying some principal as well, just to grow some equity- buying this deal for the future development of the area (las olas, kushner broward crossing) so not really worried even if we overpay for it now, but never done creative finance as i always relied on a strong W2 job to get good loans but obv im used to 3% 30yr rates from covid times not this 6+ environment..Goal is to hold the property 3-5yrs, and then actually develop it or sell half the land / refinance, pull out HELOC if it appreciates.Questions:1) What does he know that i dont?
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11 February 2025 | 4 replies
A well-structured deal could allow you to get in with little to no money down while leveraging your construction knowledge to drive profits.Regarding financing strategies, the sky is the limit if you’re willing to be creative.
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7 February 2025 | 1 reply
While you should always consult a CPA and/or attorney for their professional advice, here's my 3 cents (I'm sure others will chime in as well):1) Having an LLC may make it "easier" to track but it's not needed in this situation as you can run this through your personal return just as well.
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10 February 2025 | 22 replies
Many of them become entitled and create problems, particularly for amateur landlords that don't know how to manage well.
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5 February 2025 | 3 replies
It does make me feel more comfortable as I know the are well as a Real Estate Agent.
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29 January 2025 | 6 replies
Hello I heard about Zi-Find was curious about them as well is it legit?
10 February 2025 | 8 replies
I had access to a legal and compliance team to assist in doing such, as well as my background in contract law.