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15 September 2024 | 11 replies
Well, the reasons given generally fall into two categories - either tax benefits through an “installment” sale or obtaining an interest rate on their capital greater than what banks are paying.In my 45+ years doing real estate deals, I’ve found maybe once that the tax argument was considered by a seller; further the “greater than bank rate” argument is completely irrelevant because - the proceeds of a property sale were never going into a bank account, at least not most of the proceeds.
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14 September 2024 | 20 replies
Draft a Contract for DeedAlso known as an installment sale or land contract, a contract for deed is when a buyer does not receive the deed to owner-financed property until he makes the final loan payment.
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15 September 2024 | 14 replies
Generally speaking, I have not seen underwriters look too deep into occupancy concerns related to second home vs investment property since Fannie/Freddie installed new LLPAs a couple years ago that make the pricing for each aligned in most cases.
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15 September 2024 | 15 replies
I think it can depend on the value your market places on an extra half bath vs. cost to install.
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14 September 2024 | 9 replies
Pretty much all major components were newly installed / fitted and done to a tasteful standard (new metal roof, plumbing, electrical, kitchen, flooring, bathroom, doors, new hvac, decks, vinyl siding etc) and I have visited and walked through 3 times and even been under crawl space to inspect a repair that was previously noted on an inspection to the foundation after termite treatment which looked to be a good job.
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14 September 2024 | 16 replies
Easy to install and the options are practically unlimited.
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13 September 2024 | 1 reply
Consider materials that are easier to install or have lower shipping costs to reduce overall expenses.Buy in Bulk: For investors handling multiple projects, purchasing materials in bulk or sourcing from wholesale suppliers can save money.
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10 September 2024 | 2 replies
I installed a mini-split HVAC in one of my units a few months ago.
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11 September 2024 | 4 replies
My property manager then sent another technician who said the gutters need to be cleaned and recommended installing leaf guards around the entire duplex, along with larger downspouts and overflow guards, for a total of $3,013.
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12 September 2024 | 7 replies
The pavers were originally sealed when they were installed, and the driveway is about 5yrs old.