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11 January 2025 | 5 replies
Home went to tax sale county kept excess proceeds.
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13 January 2025 | 6 replies
Why not test the market by putting the lots up for sale, and if nobody bites, that might provide your answer.
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20 January 2025 | 1 reply
If you are in DFW area, do you recommend any meetups that aren't sales/marketing groups disguised as a RE meetup?
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28 January 2025 | 10 replies
I could say a particular town or area, but if there aren't any, many properties for sale that doesn't help.
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16 January 2025 | 0 replies
Was paid sales commission to sell it to myself.
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17 January 2025 | 4 replies
Getting a bit overwhelmed with all the required County Level and City Level business licenses, STR permits and Tax accounts (Business Tax, Franchise & Excise Tax, Sales & Use Tax) to register with the state.
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20 January 2025 | 0 replies
The biggest challenge we faced is the property's proximity to a railroad, which has proven to be an impediment to the sale.
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21 January 2025 | 5 replies
Not as many hotels in the area except next to some ski resorts but during covid it got crazy. we bought one for $25k at a foreclosure sale in 2015 and could not give it away in 2019 for $50k then in 2021 we sold it for over $120k.
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4 February 2025 | 10 replies
You could structure the deal with seller financing to bridge the gap.Possible offer structure:-Purchase Price: $170K - closer to actual value-Down Payment: Low or zero down to conserve cash-Interest Rate: 3%-5% - or better yet, 0% if the seller will agree-Monthly Payments: Interest-only or deferred until the sale-Balloon Payment: Full payoff in two years when you sellIf he wants $200K, you can still make an offer of:-$170K purchase price + $30K as a second lien due at closing-Seller carries $170K at a low interest rateHe would feel closer to his number, but you still keep within reasonable investment limits.2.
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13 January 2025 | 17 replies
What are the costs for the value adds, the expected hold time, and the expected sale price?