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1 April 2024 | 6 replies
Why its so important because the appraisal better come back with at least 20-25% equity left over so you can pull the money you used to purchase it and do the repairs.That said, you can use cash, get ahold of a hard money lender ( most expensive option), or get seller financing.
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1 April 2024 | 1 reply
Liquidity in an estate is crucial in order to pay expensive estate taxes without having to sell off assets within the estate.Estate Strategy FlexibilityA cost segregation study allows you to make strategic decisions about a property and is very helpful with property disposition (ex.
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2 April 2024 | 59 replies
(assuming I still want to buy as is)A sternly worded letter from an attorney advising that the buyer intends to pursue all available remedies (including recovering all costs and expense incurred in enforcing the contract, if it provides for that) tends to help most sellers understand the reality of what they agreed to.If the contract isn’t bulletproof this is when the buyer makes that unfortunate discovery.
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1 April 2024 | 67 replies
This is the main reason why a project would fail and that’s probably what it is when you see idle building frames in the landscape.There’s another version of that same risk when the developer uses the money from his first buyers for anything other than the construction like personal expenses for example.
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29 March 2024 | 3 replies
Hi everyone,I'm analyzing a deal in Crewe, VA which is about 1 hour southwest of Richmond, VA. The house has two kitchens (one is a mother-in-law suite), 3 bathrooms and is approximately 1600 sq ft. It should not need...
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1 April 2024 | 14 replies
We did 200 deals last year and this year we're average a deal per day.
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1 April 2024 | 2 replies
On the other, the local attorney, while more expensive upfront, could offer more tailored advice and peace of mind, knowing that a professional is handling everything.Please share your experiences, suggestions, and any questions you think I should be asking either ZenBusiness or a local attorney before making my decision.
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1 April 2024 | 39 replies
The average BP investor is worried today (!)
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1 April 2024 | 7 replies
We strategically focus our multifamily investments in the Southeast region of the US for two key reasons:Lower Costs - Properties are less expensive to acquire in the Southeast than in other parts of the country.
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31 March 2024 | 61 replies
Beside just me as a his client, he has others as well and have been averaging roughly $1M in commission the last few years.