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24 June 2024 | 8 replies
A monthly survey conducted by the University of Michigan that measures consumer sentiment and inflation expectations has affected yields and offered a data point for predicting Federal Reserve actions.Purchasing Managers Index (PMI)Another factor starting to gain steam in terms of affecting mortgage rates are various regional Purchasing Managers Index reports, which offer a glimpse into the health of the economy.
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22 June 2024 | 2 replies
Make a reasonable offer on the spot.
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23 June 2024 | 3 replies
So I started trying to get creative on how to create a win-win-win for all.Here’s how it went down:I got the sellers to agree to an asking price of $180k, a full $40k over what they originally wanted.In the offer, we included a seller credit of $34k.This strategy allowed me to cover the extra commission for both the buying and selling agents and ensure the seller got exactly the cash they wanted should they have sold it at 140k.With the seller credit, this reduced my total out-of-pocket expense to just $6k.I used a commercial DSCR loan product with a local bank.
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20 June 2024 | 14 replies
I like starting in the Midwest because it's affordable and offers good cash flow.
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20 June 2024 | 10 replies
I am a full-time physician assistant getting my real estate license for my own buy and hold business in Georgia.
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22 June 2024 | 5 replies
If you ever need professional assistance, don’t hesitate to reach out.
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21 June 2024 | 10 replies
If I can ever be of any assistance please let me know!
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23 June 2024 | 7 replies
There is extraordinary differences on the legal/compliance side between the two.For a syndication, offering equity for investors is the most common way.There are many different fees and structures you can go with.I suggest learning the underwriting side of syndication deals before engaging an attorney.
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23 June 2024 | 11 replies
To mitigate this risk without using an LLC, consider:Umbrella Insurance: This provides additional liability coverage beyond your standard homeowners insurance.Equity Stripping: This involves placing a lien on the property to make it less attractive to potential creditors.Land Trusts: These can provide some anonymity and protection while allowing you to maintain personal ownership.Insurance:Ensure you have comprehensive insurance coverage, including:Property insuranceLiability insuranceFlood insurance (especially important in Florida)Loss of income insuranceLegal Structures:While you've decided against using an LLC, consider consulting with a local attorney specializing in real estate investments to explore other potential legal structures that might offer protection without the tax implications you're trying to avoid.Property Management:Given that you're based in Europe, consider hiring a professional property management company to handle day-to-day operations, tenant screening, and maintenance issues.Market Research:Thoroughly research the specific areas in Florida where you plan to invest.
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22 June 2024 | 1 reply
There have been several examples of $1M+ listings that are still receiving multiple offers, and many for all cash.