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20 September 2024 | 114 replies
Since we have gotten momentum with the new listing on Airbnb, I am booking out well into Sep/Oct/Nov at the time of writing this post and I anticipate that the next few months will produce some positive cashflow.
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15 September 2024 | 11 replies
Bottom line - All hype, bs, misinterpretation, opinion bias, etc aside, sellers willing “owner finance” the sale of their property for one reason - and one reason only: They PERCEIVE that they are getting a higher price for their property by owner financing than by a cash (cash to them) sale.The “perceive” part is why buyers can sometimes structure terms ridiculously one sided in their favor - because some sellers are so focused on PRICE they become oblivious to anything else.It’s why I and numerous others have been able to structure 20 year owner financing loans at ZERO interest; why sellers have accepted “substitution of collateral” that gave them a lien on recreational land I had rather than their own income producing property; why sellers accept second position liens and allow buyers to obtain new first mortgages ahead of theirs (subordination), and why sellers always accept mortgages without my personal guarantee.I myself sell properties and provide owner financing to obtain a higher price.
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13 September 2024 | 12 replies
The property has under produced based on the P/L of the last three years
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16 September 2024 | 28 replies
He has 800 members to date so I guess if all 800 were actively attacking the list it might not produce the results your looking for but as an investor if I could get 1 or 2 deals out of this list I might be worth it?
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13 September 2024 | 5 replies
Or is there going to be understanding for digging deeper when the initial screening process produces these apparent inconsistencies?
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15 September 2024 | 38 replies
Typically the property needs to produce 25% more cash flow than the expenses and the loan goes up to 75% of the value.
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13 September 2024 | 20 replies
There was a thread going that asked if folks would rather have:- A $3M equity portfolio that produced breakeven cash flow.- A $1M equity portfolio that produced $15K per month.Many people chose the second option.Another way of phrasing the question is:“Would you rather have $3M or $1M?”
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20 September 2024 | 73 replies
Then you have your top producers who have been in the business for many years and conduct 10x the business of the "average agent".
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11 September 2024 | 2 replies
I plan to sell convenience items as well as fresh produce, baked goods, and hot meals.
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14 September 2024 | 24 replies
College rentals can produce huge rents, I have clients to this day hitting 1% rule with student rentals.