Caryn Fischer
Tax question with selling a house
22 January 2025 | 4 replies
Including a self-canceling clause in the note ensures the balance is forgiven upon the parent’s death.
Ryan S.
Advice on Specific Performance for Breach of Real Estate Contract
26 January 2025 | 43 replies
Does the contract include a monetary damages provision?
Rolayne Taylor
New Beginnings 2025
24 January 2025 | 21 replies
This means building a budget that includes setting aside funds for your next investment.
Lutfiya Mosley
The Multifamily Mindset program. Biggest regret of so many people. Is it a scam?
24 January 2025 | 35 replies
It has cost many people including myself a lot of unnecessary money and still is because you deal with the tax portion of opening unnecessary LLCs recommended by supposed professionals.
Sam M.
Agent commission and making an offer
23 January 2025 | 4 replies
Do most of them imply the agent commission is included?
Unal Baris Kancoglu
HVAC is red-tagged. Need to replace it as quickly as possible.
15 January 2025 | 11 replies
We typically pay somewhere in the range of $3500 for a new, basic furnance, including install, if there are no other modifications to the system required.
Daniel M.
Locking Up a Property Sight Unseen—Need Advice
16 January 2025 | 6 replies
The risk is not including due diligence caveats in your offer, like inspections.
Charles Masten
Expanding to Columbus, Ohio - Looking to Connect!
22 January 2025 | 6 replies
These included cash buys for flips, seller financing, and subject-to deals.
Ofir R.
50K Cash, DSCR loan, where?
26 January 2025 | 3 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
Charlene Kingsnorth
Private Lender Loan Servicing Software Fees
15 January 2025 | 15 replies
I would include it either as a lump sum at closing for the amount which is easier than charging it back to them on a monthly basis.We have "investors" who own a % of each mortgage.