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Results (10,000+)
Daniel Dadzie Banned
30 April 2024 | 15 replies
This includes offering properties for sale, asking if anyone has a property for sale, and soliciting funding of any kind.
Jim Doyle Purchasing off market via executor of the will - Ran into roadblock.. - Path forward?
30 April 2024 | 10 replies
Absent a clause in a trust that provides for a beneficiary to designate powers of sale (or will, if that’s the controlling document) then you are just an interested buyer party.  
David Ounanian What financing options are available for real estate investors?
30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,
Megan Ferris Memphis Full Service Turnkey Company Reviews/Advice on this Approach
29 April 2024 | 9 replies
We have some good Turnkey providers here but that product never appealed to me due to the entry price, declining rent as the house deteriorates and there is no real exit strategy without taking a sizeable loss for the first 5-7 years in most cases. 
Tamera Muniz Mortgage company denied request to transfer property to LLC
1 May 2024 | 16 replies
This protects you from the mortgage being called "due on sale" when the transfer occurs.
Michelle A Shriver Construction Management Fee Question
30 April 2024 | 7 replies
If they plan on doing the sales themselves than we charge 10% for any project over $2,500.
Nathan Frost 1031 Exchange / Advice Tips
29 April 2024 | 5 replies
Once you close on the sale of your relinquished property, then the clock to ID a replacement property starts ticking. 45 days is manageable but the time goes quickly and a lot can happen in that time.
Casey Kornoelje Cannabis 1031 —> How Much Can I Buy?
29 April 2024 | 3 replies
The sale will create a sizeable gain that I intend to 1031 to avoid taxes.It’s not clear to me how many properties I’m eligible to 1031 with the sale proceeds.
Steve Boss Has anyone used a lower cost 1031 exchange intermediary?
30 April 2024 | 9 replies
Small enough but experienced enough to have good referrals (the profile pages of QIs here on BP can get you started) means you'll be in good hands since at the largest QIs in the country your experience will be dictated by the sales manager assigned your file and not necessarily a senior consultant.You've had a good experience with yours to date.
Account Closed Subject To vs Wraps Similarities and Differences Part 1
29 April 2024 | 7 replies
.: Subject To and Wraps are very similar and yet, very different.Subject To & Wraps share these characteristics You are taking over payment of the mortgage and transferring the property into your name You become the owner The loan does not get paid off The lender can and sometimes will call the Due on Sale You have to have money or credit to solve a Due on Sale call They are used when someone doesn’t have much equity and doesn’t want to pay a real estate agent They are used when the seller wants to sell fast They are used when the property isn’t really a good candidate for the MLS because of the condition of the property They are used when It’s a unique property and it’s hard to find comps They are used when it’s a distressed situation that needs to be resolved They are used when the monthly payment is below market rate (that means it cash flows) They are used when the seller wants to avoid the hassles of listingSubject To & Wraps Differences In a Subject To, NO new mortgage is created.