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16 January 2025 | 12 replies
At the end of the day, 99% of sellers and brokers only care about your surety to close (I leave out 1% that might care about HOW you operate your deals, regardless of price paid).The fact that you have never closed a large transaction AND are not providing all your proof of funds up front and/or talking with brokers about where the money is coming from, will give them some trepidation.
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19 January 2025 | 8 replies
Fannie/Freddie do NOT care if you transfer your property to your LLC.
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14 January 2025 | 1 reply
Security deposit will take care of the last month of unpaid rent, but I'm considering filing a small claims court lawsuit to get a judgement for recoverable damages.
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9 January 2025 | 14 replies
Cut expenses and work, no way around it.
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20 January 2025 | 6 replies
.)• NNN - purchase triple net lease opportunity (1031 everything into it, managed under trust, tenant takes care of everything) • Sell each off the normal way (even spreading out one a year, heavy tax implications and truly diminishes decades of work.) • Give/donate each away-----I expect many here have already been through similar dilemmas and interested in experiences, lessons learned.
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25 January 2025 | 24 replies
Quote from @Tiarnan Gormley: Quote from @Wale Lawal: @Tiarnan GormleyStarting your real estate journey while living abroad is ambitious but entirely achievable with careful planning.
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13 January 2025 | 23 replies
No problems with rust but do have to deal with hard water; they have a chemical treatment called a pillow that takes care of that.
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14 January 2025 | 10 replies
The 15-20 year run people had is gone, so be VERY careful with listening to some of these "real estate gurus." 7.
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11 January 2025 | 18 replies
Got a call from the tenants mother on Tuesday morning - she said her son (my tenant) was shot nine times this past Saturday & is in intensive care, surgeries, etc.
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9 January 2025 | 3 replies
@Jason Wray Thank you very much for this response ..I’ve never sold one of my rentals before feels like I’m cutting off a leg and paying close to 100k for cap gains is really starting to eat at me 😵💫Any chance you would be so kind as to send me a link to something in the ballpark of what you’re suggesting this way I can get an idea of area and what this type of property could look like!