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29 May 2024 | 7 replies
Financially speaking, I'm still saving, but the goal is 50k saved up (all costs: closing, fees, down payment, portion of rehabbing costs) by this summer with my fathers help on the cash all while I continuously save 50-80% of my work checks to fund for rehabbing this property and I work off my second job and "survive off of that."
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29 May 2024 | 8 replies
I can't tell you how many times I've gone to the property and it is gone, or you figure out something is wrong, maybe the legal description, or the address, or there is $100,000 worth of junk there you need to haul off that was not in the pictures, or that cool commercial building, that when you get there has the faint words that you can now make out to be a former dry cleaner, or gas stations, or lead smelter, or oil change shop or something like that.
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29 May 2024 | 6 replies
If you really want the property and don't mind a small gamble put down an amount of earnest money that you will not be upset to lose and that if you were in the seller's shoes would make you feel OK about taking the property off the market for 60 days and make it non-refundable to be conveyed to Seller upon offer acceptance.
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29 May 2024 | 2 replies
What developers used to be able to build 2 units on a 25x100 they can now build 3, allowing them to offer more for 25x100 lots and profit more off these builds.
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29 May 2024 | 2 replies
I am considering taking the CO/national real estate exam + course hours requirement and becoming an independent broker or associating with a small brokerage (I can see the benefit of associating with a firm experienced in the area and able to bounce ideas off of).
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29 May 2024 | 4 replies
I originally think that Florida's insurance is off control, then I found the NC properties' insurance increased 40% from last year and tax will increase also.With current inflation(3%, 30%, or 300%), more and more people can't keep a home in most place although the interests maybe under 4%.
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30 May 2024 | 33 replies
Found out later that he is a serial non-paying tenant that managed to keep judgements off somehow.
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29 May 2024 | 7 replies
I am a realtor in NY and NJ, and although I don't wholesale most of my deals, I source off market properties to developers and fix/flippers.
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29 May 2024 | 6 replies
DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.
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29 May 2024 | 20 replies
The earlier you start in your RE journey, the better off you will be in the future.