Friday July 12, 2024 - by Scott BrixleyReal Estate News in BriefRate cuts are definitely coming.

(To qualify for section 121 tax exempt on portion of sale.). 2) what do you think your net profit would be after selling costs?

Cutting down timelines to not extend carrying costs Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

You mind sharing how I can implement that as my focus while being an LO? 

For example, now incur 3 months of carrying costs and then have to sell for $20k less those extra costs are your damages that you could claim against the seller.

We've had a bit of an influx of interest from out of State investors turned off by recent proposed and implemented STR regulations in some HOT investment areas in the South. 

Are there a ton of renovated properties or are they mostly selling far below replacement cost? 

How much does it cost? 

We manage 37 doors with that costs us a few dollars per door per month with no surcharge for ACH payments and we get next business day credit for those.  

Flexibility is an important consideration.If you hear 7.5% DSCR rates, that probably has 1%-2% in discount points (up front closing costs to buy the rate down), a 4-5 year PPP, and it probably assumes a perfect rents/payment ratio.