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17 October 2024 | 26 replies
The important points often glossed over are (1) is the buyer providing their personal guarantee to the seller for the note (2) is the seller maintaining a wrap position so they can foreclose in the event of default and gain ownership (3) is the buyer putting up additional collateral (4) how large is the down payment (5) what is the LTV (6) is this a personal residence for the seller or investment property (7) will the property cash flow and if so what will the cash flow be (8) is the property in a increasing, declining, or stabilized area (9) is the property being sold at market value, or above market value because of the low interest rate of the existing mortgage and (10) how experienced and what is the track record of the buyer, and is the buyer purchasing a property for investment or to live in or otherwise use.
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16 October 2024 | 4 replies
The price per sqft is very high for an office built out for medical use.. however, there is an in place tenant paying strong rent with 3% increases for 10 years (close to 7% cap, NNN)What I don't understand is why the tenant agreed to pay close to 2X market comps in rent in price per sqft per year for this facility.
21 October 2024 | 1 reply
You are not required to have any special license or anything to buy homes, fix them up, and then sell them.
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15 October 2024 | 24 replies
There should be a law limiting how close a tree(or type of tree) can grow near a property line.
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17 October 2024 | 1 reply
I think it makes sense to go with a reputable lender you know can close your deal and make it a smooth and seamless process, rather than chasing the "cheapest option".
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20 October 2024 | 14 replies
If it does go up, great I just made more profit.
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16 October 2024 | 10 replies
I have a website built already and it's been up just floating about in the space of the internet with no organic searches.
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22 October 2024 | 18 replies
this door dash stuff is crazy my daughter was staying here and i wake up to find a door dash of a Starbucks coffee..
15 October 2024 | 6 replies
A DSCR loan allows for a cash-out refinance based on the property's cash flow, and a quitclaim deed at closing can transfer the property into an LLC, with only the transfer tax to consider.
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15 October 2024 | 4 replies
We believe rehabbing this house could be a great addition to our portfolio.I’ve consulted several architects who’ve indicated that I could potentially build up to seven 1,250 sqft homes on the lot.