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16 July 2024 | 41 replies
Most people just use the term but there is association management, apartment/ Multi-family management and then property management.For instance, in Florida, you need a license to practice Association Management (in most cases) and a real estate license to practice property management (in most cases).
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15 July 2024 | 5 replies
Can anyone point me towards a private money lender offering these terms ?
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14 July 2024 | 2 replies
However, in practice, the broker always negotiates for the seller to pay this commission.Negotiation Tactics: Good brokers negotiate to ensure that the buyer is not out of pocket for their agent’s commission, aligning with common practices and making the process easier for the buyer.How to navigate this:Ask for Clarification: If you’re unsure or need reassurance, ask your broker to explain how the commission will be handled in your specific transaction.Review Agreements: Carefully review the buyer’s brokerage agreement and the purchase agreement to ensure that the commission details are clear and that the seller is covering the buyer’s agent commission as negotiated.
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15 July 2024 | 10 replies
Not buying/selling for others like an agent would do.Think more like get a rental or two or a short term rental to get those hours.
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16 July 2024 | 8 replies
@Daniel Purcell I have a 3-plex uptown that is zoned HU-MU my understanding is that I can rent 1 out through short term rentals even without a Homestead excemption.
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15 July 2024 | 3 replies
Also, probably I'd have to fly out to KC a few times until I buy the property to meet the team, potential properties, etc which will add to the costs (~$600-$800 each trip) of owning an OOS property.Given this market, I'd like to hear from OOS investors if they think it's still doable to pull off an purchase worth investing in.I don't want to talk myself out of it again and focus on the negatives but also, want to make a sound decision that benefits me in the long term and doesn't hurt [much] in the short term.
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13 July 2024 | 2 replies
Contrary to popular borrower belief, the mortgage business is actually more about people than numbers. In the beginning it might be all fun and games with X's & O's and spreadsheets of mortgage quote comparisons b...
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16 July 2024 | 15 replies
Also, I'd think about the long-term potential for appreciation and the health of the neighborhood.All in all, I think it's great that you're at a position where you can seriously consider investing and wish you the best of luck either way you go!
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15 July 2024 | 5 replies
If you're looking to invest long term and build a portfolio, I'd recommend going with a 2-4 unit and take advantage of the VA financing.
15 July 2024 | 4 replies
Immediately, have them sign a month-to-month lease to formalize your relationship and set basic terms.