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23 July 2024 | 4 replies
We've seen seller financing come back in a big way, and I think it will continue as debt continues to be challenging.Syndication, raising capital for less experienced operators, and those who have challenging deals, will be more difficult in this part of the cycle.What tools/strategies are you using to close deals today?
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20 July 2024 | 4 replies
It's very close to the Cure Arena.
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23 July 2024 | 5 replies
The cabins are too close together to be split up and divided off.
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23 July 2024 | 10 replies
The process would be different depending on how close you are.
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21 July 2024 | 2 replies
Essentially the sale came down to this1.
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22 July 2024 | 9 replies
Fannie/Freddie changed some guidelines around last September where you can no longer change the deed at closing.You absolutely cannot move into the property until you have closed the refi.
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22 July 2024 | 1 reply
Analyze properties, submit offers, and close on the deal.
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22 July 2024 | 9 replies
The lesson here is when you are shopping for rates you want to do it as close to each other as possible to make sure you are comparing apples to apples.
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20 July 2024 | 10 replies
-ARV - 500k-Purchase Price - 400k (needs full renovation set 50k) - Down Payment - 20%-1st Hard Money Loan - 250k interest only 3 year term -2nd - Hard Money Loan - 70k interest only (interest accrues to earlier of end of term/sale/refinance) -Rate TBD but assume around 10%Investor would get a discount on ARV and be cash flow positive during the holding period.
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22 July 2024 | 3 replies
I also have the ability to take a $50k loan that would cover my closing costs.