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16 January 2025 | 19 replies
Foreclosure sale price + accrued costs mean sale price on satisfies loan.
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20 January 2025 | 0 replies
The biggest challenge we faced is the property's proximity to a railroad, which has proven to be an impediment to the sale.
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24 January 2025 | 5 replies
My business is listed or sale so I am thinking if it does sell that the business would then just stop paying rent and I would still own the property.
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23 January 2025 | 3 replies
@Shawn Questa I agree with you that there could be some opportunity here, but personally, with that little equity in the property, I'd wait for the pre-foreclosure process to start and perhaps you can do a short sale (though I don't know the details on how that's handled in TX).
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6 January 2025 | 7 replies
DSCR Loans - Both Purchase and Cash Out Loans- Investors typically use these on the cash out portion of the BRRRR Strategy - Minimum Downpayment, usually 20% but some lenders offer 15% down - Max LTV on Refinances, typically 75%, but some lenders will do 80% - Minimum Title seasoning (since the property was purchased and recorded on county records) is 90 days, although some lenders have no seasoning at all as long as you can show rehab work completed. - 30 year fixed terms - Usually have a Prepayment Penalty from 1-5 years, although you can price out a 0 PPP for a higher rate or fee- Minimum Credit score is 650 usually, although you could do a lower LTV loan at 620.
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17 January 2025 | 13 replies
Quote from @Milena Garcia: this sale I hope is all done after 2 months..
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15 January 2025 | 9 replies
Purchase price: $136,000 Cash invested: $90,000 Sale price: $260,000 full renovation from studs What made you interested in investing in this type of deal?
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2 January 2025 | 2 replies
The building is now vacant in the bottom portion including by sister's business.
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29 January 2025 | 10 replies
Lower property taxes, affordable housing compared to LA (CA buyers are usually cash buyers because what they net from their smaller home in CA can get them a bigger home here, often covered by what they net from their CA sale), allergies (smog), and politics.
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15 January 2025 | 2 replies
I’d simply ask in what situations where the broker and the brokers firm did nothing to facilitate the sale do you think you should get paid a commission?