Adam Peralto
Atlas property not renting
26 October 2024 | 11 replies
@Adam Peralto More & more owners are posting here on BP about their rentals sitting vacant too long.Which means owners aren't paying attention to the rental market - which is slowing, causing Days On Market (DOM) to increase:(Take a look at the graph below from ShowMojo, comparing average DOM for 2018-2024.DOM are now about 40% longer than they were 2 years ago.Many owners also don't seem to be aware of real estate market fundamentals, such as seasonal effects:1) After September, when kids go back to school, there's a noticeable dip in activity in both the sales & rentals.2) After Halloween, there's another noticeable dip.
Doug Smith
FEMA 50% Rule
25 October 2024 | 1 reply
That is overly-simplified and there are other rules and exceptions to that, but it's something that newer investors need to be aware of before you start chasing "flooded homes" for rehab.
Alan Asriants
Is this an end to Wholesaling?
30 October 2024 | 236 replies
You become very aware of this when you get licensed.
Jesse LeBlanc
Is inflating a payoff a CRIMINAL OFFENSE in GA?
3 November 2024 | 56 replies
@Don Konipol The buyers lender was aware of the Seller Finance scenario and didn't care because this was a commercial loan and they were in for around 50% with the seller the other 50% so they had security.
Daniel Llauger
Sell property owner to owner (owner finance)
23 October 2024 | 2 replies
Just be aware that this adds another layer of complexity, and you’ll want to check with both your lender and a real estate attorney to make sure everything is set up correctly.When it comes to terms, owner financing gives you a lot of flexibility:Interest rate: You want something attractive to the buyer but that compensates you for the risk of holding that second lien.Repayment schedule: You can choose a traditional 15- or 30-year schedule, or go with something shorter if you want to be paid off sooner.Balloon payment: Many owner-financed deals include a balloon payment, meaning the buyer pays off the remaining balance after a set period (usually 5-10 years).
Doug Kirk
Best Strategy for Starting Out in Real Estate
31 October 2024 | 44 replies
But it sounds like you’re aware of that and are ready to stay flexible.Ultimately, it's all about what feels right for you and your situation.
Priscilla Chin
Should I buy in NYC or Florida?
30 October 2024 | 21 replies
Considering you are aware of the significant price difference, I'd say consider the Landlord-Tenant Laws in NYC.
Victor Soni
Home Depot Perks
24 October 2024 | 18 replies
The representative was able to verify that it has been linked to my account but he wasn't aware of how the rebate/discount works?
Mostafa Koperly
Mixed use lot financing
23 October 2024 | 7 replies
I see a lot of investors get burnt because they are not aware of all that mix-use development entails.
Alison Saccoccio
Looking to buy my first STR property. Looking for financing input
23 October 2024 | 8 replies
Make sure you are aware that the STR rules do not change in the locality you are interested in, also make sure you have Long Term Rental or MTR as an exit strategy if STR does not work out