Samuel Coronado
Looking at another park
13 January 2025 | 8 replies
These should be reflected in the purchase price or negotiated as part of the terms, such as the seller carrying some of the renovation burden.Use seller financing to your advantage by proposing a price closer to $225,000-$250,000 with terms such as 20% down, a low interest rate (4-5%), or interest-only payments for 3-5 years, with a balloon payment once renovations are complete and cash flow stabilizes.If the seller is firm on price, consider negotiating higher down payment terms to reduce the financed amount, paired with interest-only terms or a price reduction tied to renovation milestones.Key questions to address include the condition of the septic system, which can be a significant expense if it fails.
Lina Truong
Please help me get started for mid-term rental investments
15 January 2025 | 18 replies
Hi Lina -- I'm based in Dallas but wouldn't know the laws for the city and county of Kyle, Texas.
Ryan Treacy
What Do I Need to Know to Be a Landlord in Indianapolis, Indiana?
15 January 2025 | 1 reply
Depending on where exactly the property is located they may have some different rules/laws in place.
Mak K.
Tenant lied and has a dog on first month of lease -Texas
11 January 2025 | 7 replies
She is arguing about the law.
Alec Barnes
How Do You Ensure Quality Tenants?
9 January 2025 | 12 replies
You need a skillset that you can manage tenant's expectations and enforce the lease with a professional but firm manner.
David To
California call for class action lawsuit on Eviction Moratorium
14 January 2025 | 329 replies
The class action law suit is the topic.
Stephanie Menard
Expensive lesson by leaving one clause out of rental agreement
14 January 2025 | 39 replies
The detective is not an expert in contract law and doesn't know what he's talking about.
Jennie Berger
Transactional Funding: ins and outs, ups and downs, seeking advice & insight!
8 January 2025 | 13 replies
I've done some preliminary due diligence (as the lender) and feel I have a pretty firm understanding of how it works.
Joseph Manuel
Real Estate Salesperson License/Do I have to disclose if
15 January 2025 | 2 replies
It is required by the law and the Code of Ethics.2) There is no such thing as not going through your brokerage when you have a license.
Karin Recalde
Purchased property listed and sold as a triplex just found out from city it is a SFH
8 January 2025 | 26 replies
The marketing/advertising firm, aka RE broker, is not the expert in building codes, zoning, structural engineering, neighborhood safety, etc.As a prudent investor, always do your own due diligence or you'll end up being (unitentionally) misguided by a RE broker's information.