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30 June 2024 | 22 replies
I know that on my land listings, which are numerous, activity and pending deals have picked up bigly in the past 2 weeks.
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29 June 2024 | 1 reply
I'd have interest in facilitating these types of deals and paying you that fee that's nothing for the value you are bringing if you really are. that's about 2 points on a hard money loan which isn't a lot, if you are flexible on payment structures we'd pay you out of construction draw proceeds each time we receive money we pay a portion of your commission back
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27 June 2024 | 13 replies
A n00b contacted me about the numerous "great deals" he was seeing FSBOs offering on their condos throughout Florida.
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26 June 2024 | 12 replies
Foreclosures, short sales, and off-market deals can provide these opportunities.Target up-and-coming neighborhoods with increasing home values rather than already hot areas.Research comparable recent sales and get an inspection to accurately estimate the after-repair value (ARV) before making an offer.Follow the 70% rule - the purchase price plus renovations should not exceed 70% of the ARV to leave room for profits after selling costs.Focus renovations on maximizing returns - kitchens, bathrooms, curb appeal rather than over-improving.Hire experienced contractors and have a project manager oversee work to keep things on schedule.Price the renovated home at or just slightly below comparable recent sales to facilitate a quick sale.
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25 June 2024 | 10 replies
Also, a VA loan is a straight loan where you can use no money down which is a great advantage as a veteran versus a 203k loan which is a rehab loan which requires a 203k facilitator and contractor and the contractor gets paid in 4 draws that have to be approved first.
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24 June 2024 | 1 reply
Begin by seeking legal counsel to understand default partnership rules and facilitate negotiations.
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24 June 2024 | 4 replies
There are numerous other ways to go about getting insights into future development planning.
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25 June 2024 | 8 replies
For Cousin B, we can look into mortgage options that facilitate the purchase of the 50% interest in the property.