15 September 2024 | 1 reply
We have a lot of equity in it and don’t make much on it, so that’s why we want to sell.Can we choose not to allow another roommate, force them to move out if the lease is violated if they can’t pay, and move on?
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15 September 2024 | 12 replies
I am 19 years active duty Air Force and have used the Va loan 4 times for purchases with three of them being foreclosures with instant equity.
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16 September 2024 | 6 replies
Septic field lines failed forcing me to build elgin system in the front yard and put a motor to pump sewer water from backyard to front yard.
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15 September 2024 | 12 replies
I'm currently finishing up a duplex in William Land Park, where rents will cover costs, but the value add and forced appreciation will give me $250k in equity.
15 September 2024 | 33 replies
However, the possibility the former owner or one of the lenders will claim service was improper is one of the reasons title insurers are reluctant to allow a policy to be issued w/o a quit title action being completed first.It's a good idea to ask the title agent for a commitment that will show the requirements for the issuance of a policy w/o exception for other interests.I think almost 100% the mortgages are gone with a properly notice tax sale.. and in most states I work so are the utls. they try to force you to pay them but if you push back and or know they cant try to collect you just need to push the point.. while banks will normally pay tax to protect their interest sometimes they dont like in this case..
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20 September 2024 | 73 replies
The 3rd one was forced on me and I resent that.
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14 September 2024 | 9 replies
It’s also worth checking if there are any incentives, especially for first-time investors or through FHA (if house hacking).Final Thoughts:A 5% COC return isn’t the highest, but if you see potential for appreciation, rent growth, and forced value through renovations, this could be a good deal to launch your investing career.
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15 September 2024 | 15 replies
I balanced cost vs. forced appreciation which ended up making that property a better BRRRR with most of my cash coming out during the refi.
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15 September 2024 | 2 replies
Alas, the company closed a few months later, sending you into forced retirement.
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13 September 2024 | 23 replies
We’ve found doing value add to be a way to force appreciation and add cash flow when we got our house… we added an ADU and house hack with a midterm rental to generate the additional income and make a bigger home actually affordable but still flexible for when family visit