Chris Seveney
What Not To Do When Buying A Note
16 February 2024 | 4 replies
As a result the contract outlining the agreement is (1) full off contingencies allowing buyers numerous opportunity to “back out” of an agreed to transaction and (2) supported by a relatively small (sometimes VERY small) amount of “earnest money” which is usually refundable given the contract contingencies previously alluded to.The result is (1) a large number of contracts “falling out” prior to closing, (2) a relatively long “due diligence” period of time between initial contact agreement and closing, (3) renegotiation (or attempted renegotiation) of price and terms by the buyer And, or (4) utilization of the contract as an “option” by some “buyers” who have no intention to complete the purchase UNLESS they are able to find someone to pay a higher price.Interestingly, in some countries, such as Argentina, for example, due diligence is performed BEFORE a contract is negotiated. 40% - 50% of the purchase price is due at signing of the initial contract (what we refer to as earnest money); it’s only refundable IF the seller is unable to deliver clear title, and closings happen as quickly as the buyer can come up with the additional funds.
Clint Harris
STR-Anyone also renting golf carts or EVs?
16 February 2024 | 15 replies
I have seriously thought about adding an option to rent a golf cart.I get numerous questions about whether I rent my boat or where they can rent one.If I do the boat rental I would go through a 3rd party company that covers the insurance.Then I could.get a nicer, newer boat and have it paid for.
Steven Werner
Rental property insurance
16 February 2024 | 10 replies
I have numerous companies ask a lot of questions and then decide not to quote.
Kaitlyn Aragon
NEWBIE - BRR for my first investment?
18 February 2024 | 47 replies
Walk numerous properties 3.
Alan Hon
What if BRRR stood for Build, Refinance, Rent and Repeat
15 February 2024 | 5 replies
I thought my average profit of 30k per house was good but when you consider that lending favor building over flipping and how easy the money is to get to build vs flip the logic is undeniable.I've now spent the last year and a half selecting the designs, building relationships with the right GC, lenders and suppliers and am ready to start building some houses.Who's in?
Fong Lee
Introduction - Fong Lee
15 February 2024 | 2 replies
I have read the BiggerPockets investing in real estate book and also read Rich Dad Poor Dad numerous times and I am motivated to be financially free and get out of my 9-5 job eventually.
Petronella Kerssens
What is the best type of rental property for overseas investors?
15 February 2024 | 2 replies
I do see numerous overseas investors making similar investments into areas like Wesley Chapel, and other surrounding areas.
Thuy Pham-Satrappe
Do you invest in high crime areas?
19 February 2024 | 145 replies
The inability can stem from numerous sources.I guess one of the main questions I would have for you, if I were to consider managing a property for you, is what do you expect to get out of it?
Neil Bacon
Ask for Proof of Funds before sharing lock box code?
14 February 2024 | 3 replies
From where I posted it I'm getting numerous requests for the lock box code to take a look from investors I don't have a relationship with.Should I ask for POF before sharing the lock box code?
Derek Bell
Meter stack shortage
13 February 2024 | 17 replies
Supplier has the order in que for at least 5 months now.