Austin Snyder
Land Contract/Agreement for Deed instead of Novation for quick Flip
29 September 2024 | 8 replies
You make the mortgage payments on their behalf.Advantages:Full Ownership: You gain full legal title to the property while keeping the favorable 3.25% interest rate.Control: You have more control over the sale because you hold the deed.Simpler Resale: Since you hold title, you avoid the complications of a land contract when reselling, especially to FHA buyers.Risks:Due-on-Sale Clause: The lender could potentially enforce the due-on-sale clause if they find out you’ve taken title, though this is relatively rare in practice as long as payments are made.Higher Closing Costs: You would need to close formally and cover title, closing, and potentially transfer costs.3.
Soumojit Sarkar
Hold on sell
29 September 2024 | 9 replies
But one argument in favor of refi is that you can get cash at a low interest rate to invest in stocks or other assets.
Chris G.
How to add an addendum on current owners management agreement?
26 September 2024 | 3 replies
Adding an addendum mid contract is often difficult when it favors one party over the other.I guess I am a little confused... bring on a new property normally comes in 2 forms - 1.
Gustavo R.
Avoid double taxation while flipping in Baltimore but residing in Canada
27 September 2024 | 18 replies
The U.S. offers real estate tax benefits like depreciation and favorable capital gains rates, which you can leverage while residing in Canada by structuring your investments properly.
Aaron Sweat
ADA Units and Their Market Value
26 September 2024 | 17 replies
While the initial costs are a consideration, the long-term ROI can be favorable if there's sufficient demand in your market.
Collin Hays
Two fallacies to avoid right now: Sunk Cost Fallacy and Recency Fallacy
25 September 2024 | 8 replies
This fallacy is a bias that favors recent events over historic ones.
Ryan Marble
3 most valuable tips for owning an STR in and around Orlando.
27 September 2024 | 22 replies
I had hoped that the natural draw of Disney etc would work in my favor but there's just too much inventory.
Julie Muse
Buffalo Rd Renovation: A Complete Transformation with Partner Billy Medlen!
24 September 2024 | 0 replies
We found this deal through local networking and a direct-to-seller strategy, which helped secure the property at a favorable price.
Julie Muse
Buffalo Rd Renovation: A Complete Transformation with Partner Billy Medlen!
24 September 2024 | 0 replies
We found this deal through local networking and a direct-to-seller strategy, which helped secure the property at a favorable price.
Manny Vasquez
Are YOU on the fence about buying? Read this!
23 September 2024 | 0 replies
If you are sitting on the "fence" waiting to purchase a property because you don't know which candidate will get elected or which "political party" will be more favorable to your purchasing decision, consider the graphs provided below.