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15 August 2024 | 34 replies
Why are the strangers already living there more important than the strangers that want to rent the property after it’s already fixed up?
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14 August 2024 | 0 replies
Loan:$20k down, 3 year balloon, 4% interest amortized over 30 years.Sale: $727,000This was a 4 unit property located a few blocks from the beach in Panama City Beach Florida.We decided to sell due to the amount of work needed with no renovations and sold for $727,000 less than a year later.
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15 August 2024 | 29 replies
I wouldn’t go above 65% CLTV, maybe less.
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15 August 2024 | 18 replies
Our cleaning fee is a little more than our cleaning costs to account for consumables By doing things like this we exceed expectations.
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15 August 2024 | 4 replies
If it's not a corner parcel and there's no access to an easement alley on the side or rear you will also require a breezeway on the ground level which narrows the ground level footprint and depending on the width of your parcel, can make the commercial space less marketable.
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14 August 2024 | 14 replies
If they have to get in a car, they seem to not care that a drive is 25-27 minutes versus less than 5 minute drive.
15 August 2024 | 2 replies
With that being said, a portion of the lease can typically be credited towards the purchase price.
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18 August 2024 | 6 replies
In Arizona, for example, it's typically a 'forfeiture' rather than a foreclosure, which can be more favorable for sellers.
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14 August 2024 | 1 reply
A rather unscrupulous approach by some investors is to go to the homeowner after the auction and say, "I'll give you $X,XXX dollars if you will sell me your house for "some price" that is less than they would have paid at auction.
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14 August 2024 | 22 replies
I have been BRRRR-ing for over a decade in Milwaukee and it's not like deals were always easy to find, but once a house has been sitting on the market for 6 months, sellers get more motivated to discuss a less than ideal priced offer.