
11 April 2024 | 2 replies
Purchase price: $745,000 Cash invested: $400,000 Sale price: $745,000 Amazing 1 bed/2bath East Vail Creekside condo at the Vail Racquet Club.

11 April 2024 | 5 replies
Try looking at it a slightly different way with some quick math:$900,000 sales price$22,500 cost of purchase (appraisal, points, lender fees, title fees, etc - 2.5%)$90,000 cost of sale (10% commissions, closing costs, buyer credits)$64,000 carrying costs (6 months at 10%)$25,000 additional carrying costs (6 months taxes, utilities, HOA, misc)$100,000 rehab cost (the number used above)$68,500 profit = $530,000 max allowable offer.Some numbers may be a bit high, others may be a bit low.

11 April 2024 | 2 replies
Sell the entirety to yourself (through an unrelated party) and do a 1031 on that sale.

12 April 2024 | 16 replies
probably reduces marketability and sale price of the home.You mentioned spelling out "base rent" among some other obligations.

10 April 2024 | 27 replies
Most really successful investors I know were in the trades and/or real estate sales and are self educated and millionaires a few times over.

11 April 2024 | 3 replies
A 1031 exchange will defer that and also defer the gain from the sale if you find that the extension doesn't apply to you.

9 April 2024 | 9 replies
What is everyone's experience with this regarding the due on sale clause once lenders are notified?

10 April 2024 | 3 replies
Looking online, responses say it adjusts every 6 weeks or so. it has never reduced so far.

12 April 2024 | 16 replies
They launched sales 2 weeks ago and are already at 45% contracts.

11 April 2024 | 6 replies
Escrow will do what they are told, so long as the buyer and seller agree.Even for a “standard” sale, virtually every rehabber we know will make a cash offer with a quick, five or ten-day close.