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22 August 2024 | 2 replies
One flip I did, I priced with the comps but they were about 4 months old and the market had already went down so the home ended up sitting for a lot longer than I would have liked.
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18 August 2024 | 2 replies
Many older people have equity trapped in their homes or have low mortgage rates that make selling and moving difficult.I think it’s wonderful that older adults have the option to share their homes.
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19 August 2024 | 4 replies
This gives me a good little pushFrom what i've heard, the biggest regret on people's death beds are "I wish I would have" rather than "I wish I hadn't"Mistakes will happen, learn from them and continue to improve.
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22 August 2024 | 10 replies
I think my insurance broker (AAA) was able to rig it somehow that one is considered my primary residence and the second a vacation home.
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22 August 2024 | 6 replies
I reside in CA, and have invested in first and seconds in my home state.
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22 August 2024 | 8 replies
My wife and I understand that we could give our home to an adult child when we pass away and that our adult child would pay no capital gains taxes on it.But, we have multiple rental properties owned by our LLC and we want to give each our 7 children a property when we pass away.
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22 August 2024 | 0 replies
Used it for a personal home way more often than anticipated> Loved being there with friends and family.
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17 August 2024 | 13 replies
this is a toughie. hard money specifically is equity-driven, meaning they'll likely want 40%+ down to even entertain the deal. additionally, land without improvements is often very inexpensive (relative to land with improvements), usually pushing below a threshold which makes sense for a hard money lender. if you're not intending to build right away, then i think you'll have the best luck with private money instead of hard money. usually higher leverages than hard money, and more negotiable terms.if you are intending to build on it pretty right away, a ground-up construction loan could work, but those will typically require some ground-up construction experience (on title on other ground-up deals), or an extensive portfolio of heavy rehabs/ rentals/ strong liquidity. those will give you acquisition monies (to buy the land) and build monies (to build the improvements).
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22 August 2024 | 9 replies
I am also seeing Home Equity Agreements coming into fashion, but I do not have any details on this.
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22 August 2024 | 0 replies
Median Price: $678,500, +6.02% Yoy.Closed Sales: 4,216, -11.89% Yoy.YTD Closed Sales: 21,325, +1.38% Yoy.12 Month Closed Sales: 38,118, -8.70 Yoy.Inventory: 6,035, +31.62% Yoy.YTD inventory: 33,454, -1.59% Yoy.New Listings: 4,349, +10.77% Yoy.YTD New Listings: 29,789, +8.16% Yoy.Months Supply: 1.8, +38.46% Yoy.Cumulative Days on Market: 29, +3.57% Yoy.Existing Home Inventory as a Percent of Households: 0.22%.