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29 January 2025 | 3 replies
If you want to connect buyers and sellers together get a license.New York has the most stringent rules for real estate.
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28 January 2025 | 7 replies
Despite the guru fed “misinformation” about all these under market price deals, they are actually very rare and require (1) the investor recognizing value that the seller and the rest of the market misses or (2) a seller with a need for an immediate sale and a buyer with the CASH immediately available to conclude a very quick closing usually forgoing inspections, financing, and other contingencies.
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18 February 2025 | 14 replies
(Social security, pension, 401k, etc)It is hard to retire on $350,000 of net worth.Even if that is generating 10% cash flow, you are talking maybe $35,000 which is $17,500 for each person.I personally like the idea of seller financing a home at that point, potentially exclude the gain on sale if it was their personal residence and get a nice interest return.If the house is big, it also allows them to downsize the home when they look for something to rent.
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24 January 2025 | 4 replies
The sellers you are dealing with in these situations don't deal with prorating Taxes, or any other kind of prorations, that is what an escrow agent does.
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29 January 2025 | 0 replies
We told the seller we would take the property as-is.
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9 January 2025 | 5 replies
Having the seller carry a second is not a problem for the first, as long as their business with you is finished and the loan has closed.
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27 January 2025 | 7 replies
I sold my precious business for 1.5M seller carry.
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28 January 2025 | 0 replies
Sourced through the MLS and negotiated heavily with the seller to get price reductions and credits at closing How did you finance this deal?
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28 January 2025 | 8 replies
You could also try to find a seller who wants to do seller financing and take a risk on you, which would be challenging to find.
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13 February 2025 | 10 replies
I told the seller "I'll have you a check for $230K in two days."