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7 August 2024 | 3 replies
Hello investors, I’m new to wholesaling and was wondering if someone could hook me up with a contract outline that is legal for Rochester use, I know the laws are a little iffy and have been having a hard time finding a valid mock up to work off, also any attorney recommendations?
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8 August 2024 | 4 replies
You need to have enough money, probably in the $100-150k, amount to put the property under contract, and do the feasibility study on the property, Phase 1 Environmental, Property Drawings for roads, water sewer, and utilities, and have a completed budget so you know what your costs are.At that point you can go out and attract investors, I don't thing that developing raw land is necessarily cheaper than buying discounted finished lots.
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8 August 2024 | 6 replies
We hope that future potential clients of Bildwise will benefit from our experience and proceed with caution.Our contract specified that Bildwise would not cease work for more than 30 consecutive days and that the project would be completed within 6 months of the closing date of our home purchase.
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8 August 2024 | 5 replies
Hi,My wife and I moved into our current place about a year ago, and converted our prior primary residence into a long-term rental.
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9 August 2024 | 7 replies
I'll keep this post short and sweet: We are currently buying two properties under 50K each, but total purchase price for both properties would be 80K.
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6 August 2024 | 0 replies
We are thinking that a Hipcamp would do very well because there aren't any good ones locally and we've already had success with short term rentals.The land is $125,000 and we don't have the financial ability to purchase it or do a down payment right now.
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8 August 2024 | 0 replies
With an average of 92 days on the market for listed homes, we needed to craft a thoughtful design that would match the build of the home, and drive top dollar in the market with as few days active as possible Upon completion, this home received multiple offers in the first week of listing the property for sale and went under contract just 9 days after listing!
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7 August 2024 | 9 replies
As such, third parties (lenders, brokers, tenants etc.) should sign contracts with the Management Company and not the Investment Entity to add an extra layer of protection for the Investment Entity against any lawsuits arising from those contracts.
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9 August 2024 | 4 replies
There are a whole lot of factors and differences among the options, even among lenders that fall under the "private lending" umbrellaSharing an article published last year that maybe can help and provide some more insights:https://www.biggerpockets.com/blog/dscr-loans-terms-to-know
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6 August 2024 | 4 replies
The short answer is there shouldn't really be too much of a difference.