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12 August 2024 | 6 replies
You may want to wait until the market cools off a bit.
13 August 2024 | 4 replies
Look at their marketing strategy.
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13 August 2024 | 97 replies
I’ve been targeted by their agents in two markets that I invest in.
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13 August 2024 | 5 replies
I’m really hoping to have it on the market by the end of September.
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14 August 2024 | 6 replies
And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.
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13 August 2024 | 9 replies
Hi Travis, I'm also in the market for new house insurance for my rentals in the city.
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12 August 2024 | 39 replies
I'm sure someone will chime in and say "that's going against capitalism and the free market," but I'll remind you tax benefits are not part of the free market.
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14 August 2024 | 42 replies
While secondary market loan servicers do not really intervine when a problem poped up, we did, to the extent of paying off any loan or obligation or restructuring it.
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13 August 2024 | 2 replies
What are the market rents, appreciation YoY, rent growth, etc.
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13 August 2024 | 4 replies
I know the 3 BR unit is under market but he's a long time tenant and does a lot of work for me. 4.