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16 July 2024 | 0 replies
Anyone please have any advice or example/blank purchase contracts and assignment agreement forms I could modify?
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20 July 2024 | 2 replies
Your offer to purchase should include a requirement that the Seller provide all documentation and agree to sign an estoppel certificate (also called an estoppel form or agreement).
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20 July 2024 | 4 replies
The primary purpose is to assist eligible veterans in purchasing, building, repairing, retaining, or adapting a home for personal occupancy.Asset Protection Strategies: If your goal is to protect your assets, there are other strategies you might consider:Insurance: Obtaining adequate insurance coverage, like homeowner's insurance and umbrella policies (as @Greg Scott mentioned), can provide a layer of protection against liabilities.Homestead Exemption: Some states offer a homestead exemption that can protect a portion of your home's value from creditors.Trusts: In some cases, placing the property in a trust can provide asset protection, although this can be complex and requires legal expertise.Legal and Financial Advice: It's crucial to seek advice from legal and financial experts.
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20 July 2024 | 2 replies
I am also interested in purchasing another property that is ready to go with minimal repairs needed to start getting some passive rental income.
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20 July 2024 | 18 replies
Welcome to BP and congrats on your upcoming purchase!
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20 July 2024 | 21 replies
I'm in Canada, but we go through a lawyer (or notary) when purchasing or selling a home.
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19 July 2024 | 7 replies
Here is the scenario.The current property purchase price is $250k, promissory note is $450k, let's say the property sells at $1M.
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20 July 2024 | 2 replies
Hello,I recently purchased an affordable property in Louisville, KY and I will be managing the property using Appfolio, which has an "Affordable" module.
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20 July 2024 | 6 replies
If you have not performed rehab, you typically will need to have held the property for 6 months before borrowing based on the appraised value - otherwise, in those first 6 months you will be limited to 80% of your purchase price.
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20 July 2024 | 3 replies
We were struggling/ hated hours spent on potential profitability of the purchase in all the calculators by copypasting, and using background in tech created rei-lense.com to get all the numbers on the spot which saves so much time!