The average home value stands at $562,718, marking a 5.1% year-over-year rise, and homes typically go pending in approximately 30 days.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.

Feel free to reach out, happy to help! 

If you’re just getting started in real estate, feel free to reach out – I’ve been coaching new investors for a while and am happy to help you however I can.

I’ve done my research with (reading books, podcasts, etc) but still feel like I’m not doing enough.

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.

Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option. 

I’ve joined some of these before & they often feel like sales pitches or marketing ploys, but I won’t be pumping people for information or trying to make a mailing list or any of that.

It's great to see the inventory is coming back there are a lot of options out there and I'm feeling excited!

Another way to say is that what is the value of the property (today) compared to what is owed on the loan?