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8 October 2024 | 10 replies
Therefore whether its a "cash" or financed transaction, it shouldn't matter for the seller unless the seller doesn't want to deal with the financing contingencies/feels a buyer who is reliant on financing will be a risker transaction or they are a wholesaler in which many times complicates the ability to utilize financing.
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3 October 2024 | 2 replies
Private money lending offers the ability to structure deals in ways traditional lenders won’t, such as faster closings and tailored terms like interest-only payments or balloon payments.
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5 October 2024 | 5 replies
If your refi requires 30% down then your Price + REhab + Holding is going to have to be < 70% of ARV.That said a successful BRRR does not require that you recoup the full 100% of your investment IF you have the ability to leave some funds in the deal.
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5 October 2024 | 7 replies
You also asked if you should put your own house into an LLC.Yes, I think getting a Home Equity Line of Credit is a great way to get access to that equity and only use and pay for what you need.Putting your own house into an LLC may affect your ability to claim homestead taxes so you may not want to do that and may also affect your home insurance.However, putting your fix and flip into an LLC can reduce your liability exposure but make sure you also have the right insurance on the property while it is being worked on.
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4 October 2024 | 13 replies
Her attempts to become a lawyer in moments like this are hair raising stupid.
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4 October 2024 | 3 replies
But my pricing is fair based on the comps so what I am realizing is that the area requires a stiff negotiating ability.
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3 October 2024 | 6 replies
Your ability to walk away is your greatest strength as a real estate investor.What was the biggest misconception you had?
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3 October 2024 | 4 replies
The ability to take constructive criticism and learn from it can truly set successful investors apart from those who struggle.It's important to remember that not all feedback is personal; often, it comes from a place of experience and care.
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2 October 2024 | 1 reply
With minimal improvements, we successfully sold the home the same day for $45,000, demonstrating our ability to capitalize on fast transactions and strong market demand.
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3 October 2024 | 8 replies
If the platform feels like you are trying to cut them out of their fee, then you may lose the ability to list temporarily or permanently.