Felicia Vinces
What makes a good seller financed deal?
28 January 2025 | 3 replies
Key Factors for a Good Seller-Financed DealCash Flow: Rental income should exceed monthly payments (PITI) by at least 1.25–1.5x.Purchase Price: Compare to ARV and market value for fair pricing and equity potential.Interest Rate: Aim for competitive rates; higher rates must still allow positive cash flow.Amortization/Balloon Terms: Favor longer amortization and align balloon payments with your exit strategy.Down Payment: Lower upfront costs reduce risk but should meet the seller's expectations.Flexibility: Seek no prepayment penalties and fair late-payment clauses.Property Condition: Ensure the property’s condition matches terms through inspections.Seller Motivation: Assess the seller’s willingness to negotiate favorable terms.Exit Strategy: Have a clear plan for refinancing or payoff at term end.Portfolio Fit: Ensure the deal aligns with your financial goals and risk tolerance.Vetting multiple deals and consulting professionals is crucial to making sound decisions.
Amos Lee
Selling rental property in Vegas
31 January 2025 | 1 reply
Planning to sell my property in vegas, just wanted a second opinion on if these are typical, fair costs in today's market.
Clare Pitcher
Flat Rate vs. Percentage Based Managment Fee
30 January 2025 | 19 replies
I know, some will say "we don't do that, we just have it as a service because..." and look if your doing it fair and decent kudos to you for being decent.
Katie Lyon
Best way to MARKET a sub-to deal?
29 January 2025 | 5 replies
@Katie Lyon Because our weather is more temperate over the winter months, we have much more consistency in demand across all times of the year, so typically the market stays fairly consistent through all seasons.
Sanjai Dayal
Own commercial building, I use 2 of 7 offices for medical business- pay myself?
29 January 2025 | 4 replies
Quote from @Ashish Acharya: @Sanjai Dayal If your LLC owns the commercial building and leases space to your medical practice LLC, it’s essential to charge rent at fair market value (FMV) to avoid IRS scrutiny.
Lauren Ruppert
Can an LLC (sole proprietor) sell a property to an LLC belonging to a son/daughter?
22 January 2025 | 5 replies
From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party.
Zach Polen
How much demand is there for mid-term rentals in Denver?
3 February 2025 | 5 replies
I'm 2 miles from 2 hospitals (one is Swedish and I've heard that they get a fair amount of travelers) and within walking distance to Denver University.
Vaughan Moody
Is this reasonable?
30 January 2025 | 5 replies
He's changing the terms of the agreement, and you can choose to accept it or reject it.I don't think it's fair to pass this cost onto the tenant just because you are unwilling to stand up to the contractor.
Praveen Kumar
Rent to retirement
1 February 2025 | 9 replies
thanks for your time and help 1st off, full disclosure here, Rent To Retirement advertises their properties on my Investment Properties For Sale Show, so I am not a totally unbiased opinion and it's only fair that I tell you this up frontHaving said that, outside of running my show for people like them, I also own a property management company in Northeast Ohio and have worked with 1,000's of out of state investors over the years.I say all of that to say this, the overwhelming majority of negative reviews I have seen on them are very similar to a lot of negative experiences investors have with my property management company and others like it that I've worked with.
Dylan Gomez
Inherited a property and remodeled it now its ready to sell
28 January 2025 | 11 replies
do not answer on a public forum.I have done it as trustee on 3 properties fairly recently and helped another trustee a couple/few times long ago.The step up basis is time of death (TOD) value.