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24 December 2024 | 23 replies
You do have to qualify and be accredited in most cases to join such clubs, but they do exist.
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30 December 2024 | 24 replies
The PM in my mind has the right to lay out the facts as they exist..
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21 December 2024 | 10 replies
But a realtor will not know these underlying lots exist and for sure wholesalers wont have a clue.
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15 December 2024 | 4 replies
My vision includes developing the land into a destination with features like driveways, walking paths, utilities, and unique lodging structures.Here’s my tentative plan1.Place the existing STR in an LLC2.Apply for an SBA small business loan to fund the next steps, including a feasibility study (~$10k+), land clearing, and infrastructure development.While this direction excites me, I’m torn between pursuing this venture and continuing with a more traditional approach—buying one home per year using conventional loans.I’d love to hear your thoughts:•Has anyone transitioned from STRs to glamping or similar ventures?
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6 January 2025 | 31 replies
SBA loans can also be used to purchase existing real estate, as long as at least 51% of the square footage is owner occupied (so occupied by your business).
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18 December 2024 | 12 replies
Here are my thoughts about your decision to refinance.Process:Understand your current loan terms.Check your credit score.Compare offers from different lenders.Get your property appraised.Submit your application and go through closing.Considerations:Current interest rates vs. your existing rate.Amount of equity built in one year.Closing costs and fees.Your long-term financial goals.It's a complex decision, so consulting a financial advisor or mortgage specialist might be helpful.
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19 December 2024 | 13 replies
You'll only be able to cash out a certain percentage of that existing equity.
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13 December 2024 | 5 replies
The new buyer would have to honor the pre-existing oil rights of the oil company.My question is: is it possible to transfer oil rights but not mineral rights?
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22 December 2024 | 23 replies
@Brett Jurgens What is your current financing terms on the existing loan?
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23 December 2024 | 24 replies
we did that except instead of renovating it we knocked the existing home down and built a new primary. right after we were completed we had $500k in equity as we acted as the GC on the project.