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20 October 2024 | 6 replies
Assuming the final price is enough for all parties to be satisfied, you'd do a JV agreement with the wholesaler and the realtor would be paid their commission (as opposed to a separate JV).
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19 October 2024 | 6 replies
I’ve been on the hunt for properties and finally found a couple that I’m seriously thinking about making an offer on. 🎉 I’m still finalizing things with my lender, but before I move forward, I want to be 100% sure I’m covering all the key steps.Here’s the checklist I’ve put together so far:Home inspection – to catch any hidden issues.Appraisal – to confirm the property’s value matches the offer.Financing contingency – securing my loan approval without surprises.Title search – ensuring there are no liens or legal issues.Seller disclosures – reviewing any known problems upfront.Neighborhood research – making sure the area fits my investment goals.Are there any crucial steps I’m missing or anything you think I should focus on more?
21 October 2024 | 4 replies
The 70% rule in real estate can be helpful when comparing properties and making a final determination on which one is the best investment.
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20 October 2024 | 4 replies
.; (6) if none of those intermediate descendents are alive the remaining half can go to the spouse of less than three years or to a predeceased spouse’s heirs; (7) finally, if none of these apply, all the property escheats to the county where the decedent died.A good way to visualize the order is to imagine the following scenario: Alfred dies without a Will.
21 October 2024 | 1 reply
Over the home loan term, this can significantly reduce your mortgage payments.Closing costsReal estate investors must pay most of the closing fees when finalizing a mortgage and real estate sale.
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21 October 2024 | 17 replies
It's rare that a poster comes back with an update, so I appreciate you sharing what finally worked.
20 October 2024 | 3 replies
I did all the labor and will have to come up with my labor worth (Finalizing this number but its in this ballpark)$3,575 Current Rents > $2,545 Previous Rents (40% Increase) - Unit 1 $595 to $750 - Unit 2 $650 to $900(when I move out) - Unit 3 $650 to $1075 - Unit 4 $650 to $900$360k - $400k ARV > $380k x 75% = $285k - $225k = $60k Cash Out?
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22 October 2024 | 14 replies
He had great income and a great credit score, she didn't, and I had been vetting potential tenants for a month and a half, and I was finally happy to see someone with good income and credit.
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21 October 2024 | 11 replies
Finally, after both of these have been satisfied, let's start underwriting deals.1.
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26 October 2024 | 50 replies
One final comment.