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15 August 2024 | 10 replies
If so, the law on this is one of the most straight forward ones out there:CA B&P 7030.5 (https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?
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14 August 2024 | 11 replies
They left me down for 12 days straight one time.
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15 August 2024 | 6 replies
I want to do a straight finance since I find the other options to risky.
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15 August 2024 | 16 replies
I can’t speak on behalf of a short term rental, but for a straight rental, you’re probably better off filling it in IMO.I had a house with a pool in an c+ area and after considering it will probably just invite parties, etc. plus the liability I had it filled in.
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16 August 2024 | 17 replies
My best advice is to work with a realtor who also invests, can give it straight which one is a bad deal/good deal, and can plug you in with their systems and network of lenders, GCs, and PMs.
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18 August 2024 | 52 replies
If you don't get that straight right now; take your money to Vegas, you stand a better chance of a quick payday.
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20 August 2024 | 452 replies
This strategy is designed for people who actually purchased a home with straight cash....meaning, no loan from anywhere.
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14 August 2024 | 6 replies
And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.
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19 August 2024 | 3705 replies
I am straight up tired of making someone else wealthy!!!
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13 August 2024 | 0 replies
I’ve called several times and I can’t get a straight answer on the turnover.