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29 August 2024 | 43 replies
What I tell our clients is that if no one is applying it is because they are not valuing the property as high as we are.
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1 September 2024 | 3 replies
To offset no income 'reduction' from lack of qualified rerirement plan contributions I held a lot of real estate with low land value.
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29 August 2024 | 3 replies
Yes, there are a lot of people who spend less than they make and have a surplus.There are others who are inheriting wealth from othersBut there is another subset that we often forget: those who have equity in their homes.Much of the equity has built up due to a runup in home values since 2020, which allows these people to use a HELOC to purchase a home for cash.When rates were low there was a group of people who were using Hard money to purchase and rehab buildings and then refinancing at the end this was the BRRR strategy.Hard Money is not an option these days since the cost of refinancing at the end of the project is too expensive.So when we see people paying cash, it is often pent-up savings and HELOC money that people use, and not as often Hard Money.
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30 August 2024 | 2 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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29 August 2024 | 6 replies
(Provided by my job) and I save around 10k a month.
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31 August 2024 | 0 replies
Hard money lender How did you add value to the deal?
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29 August 2024 | 6 replies
General rule of thumb- showings without offers, you're about 5% too high.
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28 August 2024 | 16 replies
Endoto is the best in class provider, though batchleads is also great!
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1 September 2024 | 3 replies
If the property has continued to appreciate, perhaps him buying you out at market value makes the most sense, then take the cash and roll into a new property.It sounds like you would like him to pick up another $500/month (pay you the $1,000/mo rent + pay 50% of the remaining mortgage split).
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29 August 2024 | 5 replies
Plus, finding a buyer willing to pay your asking price could be tough, especially if interest rates are high and buyers are more cautious.Another risk is that the renovations could cost more than you budgeted for.