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23 July 2024 | 2 replies
With LLC we pay the $800 CA franchise fee every year, correct?
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23 July 2024 | 5 replies
Owner having a hard time selling, we wouldn't mind owning, esp for Short term rental purposes.Owner owes $249k.We would like to use very little cash, maybe higher interest rate for the seller, balloon in 5 years should interest rates come down.Anyone had success or any ideas you could share?
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24 July 2024 | 3 replies
If so, will there be a recapture higher rate on profit made above that amount?
24 July 2024 | 1 reply
The ONLY advantage is taking over the existing interest rate.
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23 July 2024 | 51 replies
That's great, but the 1% rule has been essentially meaningless in most markets with rates where they are.
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23 July 2024 | 28 replies
Because I have cash to close; because I ALWAYS protect their commission/fee, and because I alway do what I say.To earn the kind of numbers the OP is anticipating takes ALL of the following1.
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21 July 2024 | 9 replies
Their net rental income for that year 6 (assuming 5% rental increases per year but increases in management fees, utilities, taxes, insurance) would be 24k.
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23 July 2024 | 4 replies
Interest rates.
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21 July 2024 | 18 replies
With high HOA fees ($2k month) I am still cashflowing nicely.
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23 July 2024 | 8 replies
At 7%+ interest - and rates expected to drop in the next year, I could see an argument to maybe wait for the rates to come down a bit before pulling the trigger.