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10 November 2024 | 4 replies
1) You would just write an addendum stating that the lease is extended to whatever date and everything else remains the same.
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10 November 2024 | 6 replies
The homestead should remain in place when I'm gone because I will still be the owner.
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7 November 2024 | 7 replies
Here are the numbers:Property 1:Purchase Price - 130k Current Zillow Estimate - 166kLoan Remaining - 100KCurrent Interest Rate - 5%If Refi - 6.38%Obviously at higher interest rate my EMI is gonna increase , but at same time I am adding an additional asset which would cashflow as well.
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8 November 2024 | 14 replies
I’m collaborating with an investor who can help cover the remaining balance, but since the property isn’t in the best shape, and maybe fairly priced, but I’m evaluating how much room I might have to negotiate.
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19 November 2024 | 111 replies
I wish we lived in a world where people didn’t want to do us harm but that’s just not reality, and as long as that remains true i will be a very vocal advocate for armed, and trained, Real Estate professionals.
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9 November 2024 | 9 replies
@Brittane Jenkins A few other somewhat creative ways: 401k loan (if you're comfortable with that), margin account on your stock investments, seller financing for the downpayment (usually has to be done with a business or commercial loan for the remaining part of the loan).
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8 November 2024 | 19 replies
I apply their security deposit first ($1,500) and then charge them for the remaining $2,500 owed.
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8 November 2024 | 3 replies
hi guys,I have saved a 20% downpayment a property but struggling to save the remaining 65K for fixing the property up.Example, the property cost 150K, I saved up 35k, but struggling to save up an additional 65K to do the rehab (my understanding the lender will not give me the rehab money right away, I have to pay my own money to start rehabbing and the lender then will reimburse me in stages the rehab portion)Correct?
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8 November 2024 | 6 replies
However, while the owners can remain anonymous, the names and addresses of the managers must be submitted to the state, although this information is not publicly accessible.At this point I’m not certain if I did something incorrectly in the LLC setup, or if the information not being publicly accessible is a falsehood.
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11 November 2024 | 14 replies
It's a great idea to put together a single document summarizing the financials remaining properties (which I manage remotely) and teach her about commercial leases.