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25 April 2024 | 24 replies
We’ve had cash offers 15-20k over asking with escalation clauses on our flips.
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24 April 2024 | 6 replies
Thanks in advance.Buyer 1 is offering:$130K Purchase Price10% down payment10 year term, 30 year amortization, and 5% interest Buyer 2 is offering the following options: $135K5% down payment20 year term, 30 year amortization, 5% interest$135K3% down payment15 year term, 30 year amortization, 5% interest$141.7K0% down payment (rolled over into purchase price)15 year term, 30 year amortization, 5% interest
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25 April 2024 | 15 replies
Offer cash for them to "voluntarily" leave. - not my first choice, unethical, needs cashb) Get to do a 13% or 19% rent increase if rents haven't been increased since May 1977 or May 1976, respectively - I will find out if there are records going this far back in due diligence phase, if offer gets acceptedc) Operate with a loss or very low NOI for 1 year, after that we will be eligible to apply for a Just & Reasonable Rent Adjustment. - with this, we can potentially increase rents by up to 145% depending on a comparison with baseline 1977 level rent amount.I have 2 questions:1) If there exists these 2 other, legal ways to increase rent in a rent controlled area, why does it seems like the only option most investors consider is cash for keys?
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25 April 2024 | 1 reply
I haven't gotten any replies yet, but your post offers a good starting point for what to consider as I decide to rent or sell my primary home when I move.
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25 April 2024 | 4 replies
It's also helpful to interview a few candidates to see who you feel most comfortable with in terms of understanding your goals and who can offer practical advice tailored to your investment strategy.Make sure to ask about their experience with real estate investors, their fee structure, and whether they have dealt with setting up similar business structures.
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25 April 2024 | 8 replies
I’m not sure if they only manage properties owned by the entity, or offer PM services.
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26 April 2024 | 40 replies
I bought my first property with an FHA loan, and the real estate agent I hired offered to contribute some commissions to closing costs, which meant I was somewhere around $9k out of pocket to buy that first house.That was almost my entire life savings at the time, but the home was recently remodeled and this was in 2011 so home prices were very deflated.
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26 April 2024 | 52 replies
sometimes my licensed plumber has two offering : with unpermitted 5k with permit 10k, technically it is the same job by the same subcons….and he said if city ask permit later on , I will bill you 3 k later , so there are these model as well.
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27 April 2024 | 42 replies
If the positive trends in job growth, population dynamics, and investor-friendly policies persist, Milwaukee is poised to offer promising real estate investment opportunities in the coming year.
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25 April 2024 | 1 reply
UWM offers HELOCS for investment properties as well.