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8 July 2024 | 3 replies
I'd love to see a bunch of case studies on rehabbed RV parks and the ROI 5, 10, 15 years out with creative financing strategies for folks who want to try it.
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9 July 2024 | 6 replies
Seller finance deals work when one of the following situations is present1- property can’t be financed with institutional financing usually because property is vacant (commercial property) or in bad condition2- seller will only accept an above market price for the property and by offering seller financing opens the universe of potential buyers to include people who wouldn’t qualify for financing3- seller is able to obtain a “piece of the action” from a buyer rehabbing the property and hence ultimately obtain a higher price.4- the seller has an existing low interest rate mortgage and wants to “wrap” the existing mortgage into a seller financed higher rate mortgage and pocket the differential 5- property is an investment property, seller has a low basis in the property because of depreciation, and wants to spread out the taxes due.Are you thinking of trying to purchase with 100% seller financing, or are you able to /willing to offer a down payment of say 10-20% .
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10 July 2024 | 0 replies
Partner Driven financed the Foss Ave deal using its own capital, covering the $215,000 purchase price and $35,000 in renovation costs.
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10 July 2024 | 11 replies
The first is University Square, high in diversity low in cost of living, and it is ideal for new families and young students that are just getting started.
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11 July 2024 | 12 replies
That’s super helpful.my back up plans to that idea were to either.A. 1031 it into a new build with far less maintenance costs for another 3-5 years before recycling that same concept.
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9 July 2024 | 2 replies
(Eg Travelling cost, cost to repair (labor, materials).
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9 July 2024 | 16 replies
I have a few partners, but went over budget and personally funded the remaining construction costs.
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10 July 2024 | 8 replies
Tools like BatchLeads and PropStream are great for direct-to-seller strategies, but keep in mind that they come with marketing costs depending on the method you choose, such as direct mail, cold calling, or texting and have to have good nurture campaigns.
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10 July 2024 | 12 replies
It sounds like the cost to entry is pretty low too, which is great to learn.
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10 July 2024 | 0 replies
Marlboro Drive deal using its own capital, covering the $370,000 purchase price and $20,000 in renovation costs.