3 March 2024 | 9 replies
I almost feel like all the extra land was a bonus and now I just have to figure out what's the best option for it.
2 March 2024 | 4 replies
In an attempt to simplify explaining the process, so it can be understood, I am leaving out details that I cover in other posts and in training.
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2 March 2024 | 21 replies
The above comment is correct, there are some states that have added an extra step (not assigning, extra disclosures etc) but in Texas you are fine.
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4 March 2024 | 59 replies
Heck, I'd maybe get to a place of all but requiring some such basic competency completed before I take on a buyer client because I too get exhausted of answering the same basics and directing over n over to get with CPA to go over details.
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3 March 2024 | 20 replies
But hey, who knows give it a try. to clarify my question, i am the buyer, solar panels are on the property, and back payment is due, but the company refuses to accept the arrears rather than demanding full payment of 35k, title transfer requires to clear the lien, seller won't do that as there is no equity in the house for them so property will end in foreclosure, if i bond the lien and free the property, then I can buy the asset, transfer the tile, i can negotiate or fight with solar company as time will be on my side then. my question was the surety bond that i am using to bond off the lien can be freed if i could transfer the lien back to use after title transfer to free my cash, hopefully less fraudulent now after the details.
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2 March 2024 | 2 replies
--HELOC is against PRIMARY---Rate is 6.95 first 12 months then prime +2 for a total of 10y, interest only, then amortized--Total HELOC would be purchase price + Renovations (approx 120-130 total but who knows)Projected cash flow is estimated without knowing specific extra costs.
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2 March 2024 | 6 replies
I'd hold on to the cash and stick with 25% down, in case you need the extra cash for emergency, or for down payment on other properties.
2 March 2024 | 3 replies
Pursue an appraisal and then ask for at least that value if not even a bit extra...if you refuse they have to go to court to condemn your property...not doing that has value to them.
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2 March 2024 | 5 replies
I am the type of landlord who maintain my property with high standard, not cheap with upgrades and new systems, going the extra miles to fulfill my Landlord responsibilities but I also like to enforce my bullet proof lease.