
19 March 2024 | 5 replies
It would definitely raise red flags if you did this multiple times.

20 March 2024 | 3 replies
I would recommend engaging a real estate attorney though there are good templates available including the standard Ohio REALTORS Purchase Contract.

20 March 2024 | 5 replies
I am a bit confused as to why you have a $7,600 swing by changing entity type, I could see it causing some difference in accountant fees at the very least if you're including them in that, and maybe something with SE tax, but $7,600 for a new business seems a little much.

20 March 2024 | 4 replies
I always add the following in attorney review just in case people think it is a waiver: "Any references to "as-is" or "informational purposes" in the Contract or any riders shall neither void nor limit any rights relating to inspection contingencies, including Paragraph 16 of the Contract, and final walk-through."

20 March 2024 | 3 replies
However, that does not include investment loans like DSCR.

21 March 2024 | 16 replies
Your lawyer can advise you on what to include.

19 March 2024 | 6 replies
These advantages include cash AS-IS offers, no requirement for repairs, flexible closings, zero realtor commission, cover probate fees, advance payments before the COE, post-occupancy agreements, no closing costs, and no formal showings or appraisals.Having previously flipped houses, I know how important is a good wholesaler to a flip and flip company.

20 March 2024 | 13 replies
When working out the money side, remember this formula: Cash on Cash Return = (Annual Rental Income - Annual Expenses (including HELOC interest)) / Total Cash InvestmentExample:HELOC Used for Down Payment: $50,000HELOC Interest Rate: 6% (This can vary)Annual HELOC Interest Expense: $50,000 x 6% = $3,000
20 March 2024 | 4 replies
There is a story circulating about a group of criminals stealing in NY then going to different states (including FL) to spend the $ they're stealing up here.

18 March 2024 | 0 replies
See any red flags, especially with today's interest rates.By the way....I'm in the fishing tackle and fishing guide world so this is a slam dunk from an operations standpoint.