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29 August 2014 | 8 replies
Correct me if I'm wrong please but can't you buy the property sub2 for 180 contingent to you finding a buyer within 30 day who will buy it with owner financing (at a price closer to or at market value), require a 10-20% down payment then use part or all of that down payment to pay the original owner of the house (assuming they will use that to pay down the mortgage.
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12 March 2017 | 14 replies
Generally ok to accept slightly below 200/door but need some buffer in the event that rents soften.I would also buy anything that I can pull most or all my money out of after rehab... also known as brrrr so long as it covers itself with some amount of Cashflow buffer after all holdbacks.2) are you able to achieve that amount on a consistent bases?
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8 March 2020 | 6 replies
Check the Michigan statute.Second, if the mother is having part or all of her nursing home expenses paid through the SSI program, then Medicaid will have a claim on the estate once the mother dies.
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20 December 2017 | 9 replies
I have seen so many examples of poorly written, inadequate inspection reports that were useless to the buyer.
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5 February 2018 | 3 replies
Then for STR, I found a combo of some or all of the following Airbnb, Homeaway/ VRBO, Flipkey, Tripadvisor get me all the bookings I need.
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13 May 2019 | 6 replies
Start off with Google, but it may be worthwhile speaking with any or all of the following people:Financial planner - if appropriate, may be able to help plan on your short-term and long-term goalsGeneral contractor - will be able to provide an estimate of costs associated with rehab of your current propertyAccountant - may provide tax consequences for either rehab or 1031 exchange1031 exchange company - will detail the process of correctly performing a 1031 exchangeReal estate broker - will help you sell your current property and locate an appropriate replacementThat said, depending on the location and details of your property, it may be a good time to sell.
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30 June 2019 | 5 replies
Pull the covered back porch into the bedroom square footage.3) capture some or all of the covered front porch to include in the square footage if needed.This is all way too expensive to pull off though.
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9 October 2019 | 9 replies
a number of ways:neighbors complain because of inadequate parkingyou get into a dispute with one of the tenants and they report ityou evict a tenant and they sue you because of itetc...if you have interested buyers, it's totally ok for them to move forward with the purchase but you're going to want to protect yourself and them.
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9 January 2018 | 2 replies
Have you considered renting out part or all of your house?
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3 February 2019 | 6 replies
Our attorney advised us to chill and wait till the bank starts to sell the properties individually Our goal is to own the properties in packages 1&2 or all three packages with clear title.