Dave Yates
Advice on Multifamily Investing Alberta
15 October 2024 | 3 replies
.- Most of the deals that came our way were for 60-70yr old wood frame buildings, that had been owned by their current owner for 25+ yrs, and we felt there was a definite risk that the economic viability of the asset was less than our planned (buy and hold) time horizon, and we were also highly skeptical of the insurability of some of these buildings or that the cost of insurance would not balloon once the ownership transition forced the insurers to reassess the building.Ultimately we pivoted to retail/light commercial mixed use properties.
Kasie Krage
Applicant is 20 yrs old with low credit score. Do they need a co-signer?
14 October 2024 | 1 reply
So, if the co-signer owns real estate a judgement can be used to lien that property to eventually force payment.
Patrick O'Shea
Juicing mid-term returns
14 October 2024 | 4 replies
You can force a tool like Pricelabs to work for MTRs, but it's not designed for it.
AJ Smith
PML > CDs All Day Long
14 October 2024 | 8 replies
Maybe it is not, but I am at a point that I do not need to take any unnecessary risk or force an acquisition.
David Kanarek
Beware of Norada Capital: Caveat Emptor My Fellow Small Investors !!!
24 October 2024 | 88 replies
Marco's RE arm has certainly sold properties that I own..
Leana Ruggles
Looking for help with my first REI
15 October 2024 | 21 replies
In the Air Force right now
Shaneese Bailey
Seeking Advice on Flipping a Vacant Lot
12 October 2024 | 12 replies
That’s easier for a buyer to get into the deal, but for the seller it translates into them getting $38,400 for that same land instead of only $25k.The seller could also do a land contract, with essentially the same type of terms as with the owner-financed deal, the difference really being that instead of the seller having just a mortgage lien on the property till it’s paid off, they actually retain full ownership of the land until the contract is paid in full.I would have the seller tell you what they wanna get for it, then tell them you’ll add your fee to it and find a way to make it happen… and then come back a day or two later and tell them that you found a way for them to get their price, for you to get your fee, and for it to still be appealing to potential buyers… Then walk them through the deal, how it’ll work, explain to them how your way is more beneficial for them overall, explain how your way opens up the floodgates of potential buyers now, and most importantly explain to them that doing things deals this way is very common when buying and selling land, and how its really the only way for them to get what they want outta that land 👌If you act like an expert on the subject (or at least more knowledgeable than they are) I promise they’ll most likely just follow your lead because they trust you to get it done.And if they are truly motivated to sell, then they’ll welcome with open arms any creative thinking that will help them get what they want.Good luck!
Sanjeev Advani
5 Key Factors for Hiring the Right Property Management Company
11 October 2024 | 2 replies
IREM President Libby Ekre, CPM, shares five essential things to look for:Licenses & Certifications – Ensure the firm has certifications like CPM or ARM, guaranteeing adherence to industry standards.Regional Experience – Local market knowledge is crucial, especially for properties in smaller cities.Property Type Expertise – Match the company’s strengths with your specific property type for better management.Company Culture – Look for a firm that values customer service and team management.
Brian Carmichael
Sell all real estate in IRA account
10 October 2024 | 5 replies
Selling to yourself from your LLC to your IRA would be considered "self dealing" in that it isn't an arms length transaction since you are a principle/owner on both sides of the transaction. 2.
Victor Steffen
What's the deal with Forney Texas?
12 October 2024 | 6 replies
I can't figure out what the economic forces are in the community driving the high rents and relatively low purchase prices.