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28 March 2024 | 11 replies
I am curious what all the shady stuff these investors are doing to require such intricate setups.
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28 March 2024 | 12 replies
Sounds like you are trying to do a Lease with Option to Purchase.This requires 3 separate documents:1) Lease2) Option Contract3) Purchase contract triggered when tenant enacts Option Contract.National statistics show that around 65% of Lease-Options fail.
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28 March 2024 | 5 replies
Also don't forget that you can house hack a multifamily with 5% down, but buying a multifamily as an investment property requires 25% down.Good luck!
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27 March 2024 | 8 replies
Average cost where we are now is like $5000 for set up, and you may not need a full foundation depending on the manufacturer requirements and what the lender requires.
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28 March 2024 | 7 replies
Privacy - information about the members/managers of a FL LLC is disclosed on sunbiz.org because of required public filings.
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28 March 2024 | 16 replies
For example, a $1 million policy could have an initial commission of $50,000 to $100,000, significantly impacting the policy's cash value in the early years.Limited Access to Capital: Accessing the cash value requires taking out a policy loan, which accrues interest, typically at a rate of 5-8%.
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27 March 2024 | 11 replies
Send the deals directly to the agents (who you can find by doing #1 above on earlier properties).They all have different buying criteria, different contingencies, different inspection practices and requirements, and different requirements for their purchases.
27 March 2024 | 9 replies
Unfortunately, factors like a hardening property market, inflation, labor shortages, increased building costs, and an increase in claims frequency and severity have caused our carriers to require increases to both rates and coverage amount minimums to keep up with these market conditions.
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28 March 2024 | 6 replies
For turnkey options it can also be a good idea to get ahead of the historical summer peak buyer push and not have to worry about getting a rental launched while most visitors are looking to stay for the night.For properties that require furnishing, the beginning of Spring is the optimal time for out of area or absentee investors to enjoy their property, familiarize themselves with their new home and their community and get operations and supplies dialed in.
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27 March 2024 | 2 replies
One last question would the inspection clause require me to inspect the property myself to terminate the contract in the case I can’t find a cash buyer?