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30 January 2025 | 3 replies
Seller will be taking a 30k+ loss with this route.325k with 50K down to seller, 3 years of payments $1600/month, and a balloon payment of 215k at the end of 3 years.Benefits to me: (1) 10k less downpayment, (2) with the conventional route, the loan would be at 228k after 3 years of payments, so I will gain additional equity with the 2nd option since I will owe 215k (presumably I will have to refinance at that time).Benefit to seller: she gets over asking price, 50K upfront and $300/month of cash flow.Does this offer and structure sound reasonable?
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5 February 2025 | 14 replies
I see value in working with people who want Midwest entry level homes and as well as the higher end New Construction stuff in growth markets.
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22 January 2025 | 0 replies
However, even though every house, market, and buyer may be different, these few design elements work literally anywhere.If you have double sinks, use double mirrors and a vanity light above each mirror!
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23 January 2025 | 9 replies
If your looking to invest and learn about notes PPR may not be the right place as they are true mailbox $ and as passive as it gets (which is nice as well).
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24 January 2025 | 11 replies
The difference between a 12% return and a 16% return compounded over 20 years will make you sick to your stomach.
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21 January 2025 | 11 replies
I live in California (Central Coast) and have built a 12-door portfolio in Detroit, which has been a great market for both cash flow and long-term potential.Detroit still offers properties well below the $150k mark, with strong rent-to-price ratios and a market that’s seeing growth in key areas.
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23 January 2025 | 10 replies
There are some great meet ups in your area I'm sure and a lot of people at those meet ups are more than happy to chat and give ideas and answer questions.
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5 February 2025 | 16 replies
Test their communication by reaching out as a potential guest to see how they handle inquiries.Ask for References – Speak to their existing clients to get a true sense of their service quality.Finding the right property manager long-distance is all about ensuring they have boots on the ground and a track record of high performance.
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21 January 2025 | 1 reply
Listing your property there ensures visibility.Build Relationships: When agents reach out, respond quickly, highlight your property’s amenities, and showcase your flexibility to meet displaced families’ needs.Highlight Insurance-Friendly Features: Emphasize features like flexible lease terms, utilities included, and a fully furnished setup to attract insurance placements.This approach has helped me successfully market to insurance companies.
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27 January 2025 | 2 replies
I sold an apartment building and as I lived in the building was always there when my realtor showed it to prospective buyers.