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9 July 2024 | 6 replies
In my state, the BUYER typically pays the title company or lawyer for handling the closing NOT the seller. 2.
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11 July 2024 | 5 replies
The plan is to put the property in an LLC at the onset (I heard this was easier/better rather than putting in personal names and transferring after the fact).I was given the following rates.30 year fixed: 6.875%. $5255/mo15 year fixed: 6.5%. $6969/mo10/1 ARM. 6.5%. $5056/moWe currently have a 15 year fixed on our primary home as we wanted to go into retirement debt free on the primary home.
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11 July 2024 | 1 reply
Sale-Leasebacks have inherent challenges because the tenant/seller is incentivized to market the property in such a way they get they price they want, but if the entity who signs the lease is weak and there's no personal guarantor, they could stop paying rent the day after you close leaving you high and dry with very little legal remedy.I don't know your market, but in my eyes, any 10% cap offering is either an extremely weak tenant OR a tenant that has very little term remaining with no plans to renew.If I were, you I would very seriously consider how much I like the real estate and what my odds would be of refilling the real estate with the same or better rent and/or a better credit tenant once this tenant goes belly up.
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11 July 2024 | 2 replies
I love tiny and has been very profitable for me personally.
9 July 2024 | 22 replies
I personally have one property that I purchased in 2017 that’s built some equity but I’m definitely an amateur investor.
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8 July 2024 | 14 replies
You have to determine what is the quality of person you are trying to collect from.
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8 July 2024 | 35 replies
Some inspectors will handle submitting the necessary items themselves, some you may be required to handle, it all depends on the county/city and the locale of the department.
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11 July 2024 | 2 replies
My GC's have been ok, but they know they are getting paid no matter what happens with the rest of the deal, and I like the idea of sharing that risk and responsibility with the person doing the work.
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11 July 2024 | 2 replies
As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio.
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11 July 2024 | 1 reply
As that will at least help folks that you reach out to know that you are a real person, with a picture and professional bio.