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31 December 2024 | 418 replies
Next we are going to see it on all this crazy "creative finance" that is going around where people are buying or selling via seller finance to those who are unqualified... plus i am a firm believer that many who get into these deals fib about the accredited investor status and of course is there not a carve out in some of these offerings that allow a small number of non accredited. ?
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11 December 2024 | 8 replies
Have you reached out to Stessa via chat-box?
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10 December 2024 | 6 replies
We are also on Booking.com, Google Vacation Rentals, Marriott Homes and Villas, and more via a channel manager but some will not approve without a certain number of units.
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17 December 2024 | 16 replies
Structuring the Deal with a PartnerWhile your partner cannot directly participate in the loan, there are ways to structure your arrangement to reflect your 50/50 partnership:Option 1: Post-Purchase Equity SaleYou obtain the 203(k) loan in your name as the owner-occupant.After closing, you sell your partner 50% equity in the property via a quitclaim deed or similar legal instrument.Your partnership agreement would outline each person’s roles, responsibilities, and share of profits.Note: Be mindful of FHA’s rules around title changes and ensure this doesn’t violate loan terms.Option 2: Partnership Contribution AgreementYou both contribute to the down payment and renovation costs as outlined in a partnership agreement.Your partner’s contribution could be recognized as a share of the equity in exchange for funding, services, or property management.The partnership agreement would detail how profits, responsibilities, and equity are split.Option 3: Joint Venture AgreementStructure the deal as a joint venture, where you own the property personally (required for the FHA loan), but profits and roles are split per a formal agreement.Your partner could receive equity-like compensation through profit-sharing without being on the title.3.
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14 December 2024 | 42 replies
It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Google Clayton Morris and/or Morris Invest for a cautionary tale of what not to do when buying turnkey real estateUnderstand you can not eliminate all risk, only mitigate it.
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11 December 2024 | 37 replies
They are MUCH more responsive and even managed to recuperate most of the owed rent via landlord/tenant assistance programs.
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17 December 2024 | 22 replies
It's those maniacs that buy homes cash via quit claim deed off of craigslist that really get screwed.Make sure your property manager is a licensed real estate brokerage.Understand you can not eliminate all risk, only mitigate it.
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16 December 2024 | 21 replies
Just by getting initial quotes via turno, the cost to clean is more than how much it’d cost to rent the property for a day.
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19 December 2024 | 55 replies
I can share that filing with you via email.
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13 December 2024 | 16 replies
There are still deals via the MLS and we sometimes get off market deals to share with investors.