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28 June 2018 | 4 replies
I have written an article here on BP that you might find a useful read about Three Key Routes for Passive Real Estate InvestingIn any case all best in your REI travels, whichever paths you take.
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15 November 2017 | 50 replies
Here is an excerpt from an article from another BP member regarding delayed financing:If you buy a property with cash (or with a HELOC) you can receive a cash out loan on Day 1.There is not a 6 month waiting period with receiving a cash out loan if you purchased a home with cash or with a HELOCBUT you will be limited to the amount of….Your purchase price + closing costs (costs when you purchased the home)OR75% of the “After Repair Value”…WHICHEVER IS THE LOWER AMOUNT (super important)These rules are important to understand so here are two examples:Example 1: If you purchased a home with $50k of cash, and put $30k of renovations into the loan, and the home was worth $100k. 75% is $75k and $50k is your purchase price.
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4 November 2017 | 2 replies
The title company can do the deed of trust or land contract whichever you prefer costs are passed on the the value of the property and the escrows companies fees I would think a minimum of $500-600 call around and check prices You can ask the buyer to pay the escrow fees
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7 November 2017 | 12 replies
Whichever presents itself to me first is the route I will take on my first deal.
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7 November 2017 | 10 replies
Good luck whichever way you end up going.
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16 November 2017 | 6 replies
Delayed financing, where they rapidly refi you at after a cash purchase will usually be for 70% of appraised value or PP, whichever is less.Easiest for you would be to buy with seller financing with a small down payment and wait a year to refi.
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9 March 2018 | 9 replies
You need to provide an itemized list within 30 days of the end of the lease or when you place a new tenant, whichever comes first.
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20 November 2017 | 17 replies
You can manage it from Aruba if you have a cell phone.
14 February 2020 | 11 replies
Setting up a home office with a computer, cell phone, etc isn't much.
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22 November 2017 | 2 replies
If not, whichever unit owner has a claim on the area would be responsible.