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18 March 2024 | 5 replies
These agency agreements say if seller pays less then 2.5% then buyer is liable for the difference, I have never seen one say 2.0%.
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18 March 2024 | 7 replies
The best is when they move in and immediately begin making maintenance demands for things they broke themselves, or because some man they lied about not being on the lease is living there and broke it, or one of their endless supply of children broke it and it's like you still owe like a grand from your deposit maybe don't take such a tone when you fuss over maintenance issues you created in the first place - but God forbid you withhold whatever pithy deposit they did manage to cough up for damages because they go full throttle Jerry Springer guest in 2.2 seconds.
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19 March 2024 | 15 replies
I helped a client/brother use one, worked in a seller credit during the inspection period, he ended up getting paid $9,100 at closing since he was putting 0% down.
16 March 2024 | 5 replies
The seller knows the property he’s selling, and might not mind foreclosing and gaining ownership once again.
18 March 2024 | 2 replies
Five Ways Buying and Selling a House Could ChangeThe National Association of Realtors has agreed to change its policies to settle several lawsuits brought by home sellers — a move that could reduce commissions.A settlement reached this week threatens to strike a blow to an established standard of residential real estate: the 6 percent sales commission.
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18 March 2024 | 6 replies
I’ve been wondering that same thing.Seems to me when comparing candidate investments, why would I pay more for an investment with risk and work (5% Cap multifamily), than a risk-free passive investment (5% CD or T-Bill).Note that going from a cap rate of 5% to 10% is a 50% drop in price…that’s significant…easy to see why a seller isn’t willing to give a higher return.I’ve asked the question before and gotten answers like it’s because investor borrowing costs vary, and you must consider future rent growth and appreciation … I guess if you have low borrowing costs and are optimistic about the future a 5% cap rate makes sense.
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18 March 2024 | 3 replies
lower out of pocket cost and if it's your first deal less stress if something goes wrong. seller financed homes.
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19 March 2024 | 12 replies
We ended up not hitting our close date or getting the desired seller carry for closing costs.
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16 March 2024 | 3 replies
Hi All, I am planning to move into the seller financing strategy to generate cash flow and am looking for advise.In today's world of Dodd-Frank, what is a good finance term?
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16 March 2024 | 3 replies
I am looking at multiple properties for sale at a decent price but wanted to check what you all have to say about the terms for seller financing.