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9 January 2025 | 5 replies
I am excited to get involved and meet all you awesome people!
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14 January 2025 | 10 replies
Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.
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10 January 2025 | 18 replies
Having dual licenses, loan origination and real estate, has got me involved in most parts of the investment transaction.
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30 December 2024 | 3 replies
Staying involved in a business partnership while dissolving the marriage will rarely work.If you split the properties, I recommend hiring a good property manager.
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3 January 2025 | 4 replies
Consider getting a statement signed by all parties which states that everyone has agreed to terminate the current lease early on X date and all obligations by all parties have been paid in full and that the deposit will be kept by the landlord and will be applied to the new lease.
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7 January 2025 | 16 replies
You can legally change or cancel a contract if all parties agree.
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9 January 2025 | 4 replies
Here are a couple of ways you could structure the deal:Lease Option with Seller Financing: You could lease the property with an option to buy later, allowing you to rehab it while giving the sellers time to find a 1031 replacement property.Seller Financing with Deferred Payment: Structure the seller financing with no immediate payments, allowing you to refinance once the property is appraised, and the sellers can complete the 1031 exchange when ready.Escrow Holdback: Transfer the deed into an escrow account, giving you control without immediate transfer, so the sellers can take their time with the 1031.Third-Party Facilitation: Use a qualified intermediary to hold funds and facilitate the 1031 exchange while you refinance.These options allow flexibility for both you and the sellers.
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11 January 2025 | 7 replies
The point is that if you ever find yourself involved in an eviction or a contested deposit, you don't want anything in your lease or that you've charged for that will make you look foolish in front of a judge.
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14 January 2025 | 18 replies
This would be a prohibited transaction since you're a disqualified party and anything you already own (your LLCs) is part of that.
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7 January 2025 | 6 replies
Only part I got stuck on was how to get a background check.