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12 February 2025 | 20 replies
The owner, a family member of one of our buyers, inherited the property through probate, but they weren’t equipped to handle the renovation.The house had been left in disrepair for quite some time, with the previous owner struggling with mental health issues.
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9 February 2025 | 2 replies
For example, if the loan officer asks you what your monthly payments are and your mother-in-law moved in with you because she is struggling financially and you are paying her car payment, don't share that you are paying her car payment every month.
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28 January 2025 | 0 replies
New agents may struggle with periods of no income while waiting for deals to close.Solution: Budget wisely, build a financial cushion, and prepare for slow months.
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14 February 2025 | 1 reply
I struggle to see how I will make as much money as I would going the business route, however, I do realize that it is a lot safer.
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19 February 2025 | 27 replies
You wil struggle to make the numbers work.Curious to all those that joined this group how it’s working out for them and their network
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4 February 2025 | 17 replies
First—and I struggle with this, too, when deals get away from me—you need to cultivate gratitude.
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18 February 2025 | 5 replies
Seller Financing OptionsSince the seller has struggled to move the property, they may be open to creative terms:Low or No Down Payment with Seller Carryback: Offer a seller-financed deal with a low down payment and interest-only payments for a set period until renovations are complete and cash flow starts.Balloon Payment: Structure a deal where you pay interest-only for a few years and refinance or pay a lump sum at the end.Master Lease Option: Lease the property with an option to buy, using rental income to cover expenses and fund renovations.2.
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10 February 2025 | 9 replies
I still struggle with this in Pricelabs.
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3 February 2025 | 15 replies
The struggle comes when you plan to sell, pay close attention to how the bank would treat the loan in the event you would sell.Even though its a bit more work, banks are typically open to these loans as it provides them with additional collateral in the event of default.
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18 February 2025 | 13 replies
This ballooned the amount of guests booking longer stays on their platform, and pushed them into being an industry leader in the medium term rental space.My company has had a few struggles with payments, both with direct bookings and also for guests staying through AirBNB.