Ezekiel Sandoval
Looking to expand my network in San Antonio
13 August 2024 | 3 replies
I might be able to help and am also building my network.
Guillermo Rios
I buy properties in New Jersey
13 August 2024 | 0 replies
I buy properties in AS IS condition and mostly in New Jersey area but I want to venture on other areas and help homeowners that are facing foreclosure.
Jason Wolff
U.S. Virgin Islands
12 August 2024 | 5 replies
I've developed a real estate agent on the island of St Croix (Cynthia Taylor) to help evaluate the properties and guide my offer.
Michael Ghim
Recs for business checking accounts and credit cards - can you have too many?
9 August 2024 | 13 replies
Do you have a bookkeeper or someone helping you prepare taxes or are you managing the finances all on your own?
John ONeill
Maximize Your Profits: How Private Money Can Transform Your Real Estate Deals?
13 August 2024 | 2 replies
Add up these numbers to find the total amount of money required to close the sale.Private lenders can help manage cash flow during property renovations or lease-ups by providing more inventive financing options like interest-only payments or deferred payments.
Katrina Dividina
Purchasing Newly Renovated 20-door motel to turn into Sober Living thru owner finance
14 August 2024 | 6 replies
And, even if you could find an appraiser to do an evaluation, it's not clear how that would help you.As you state, the motel has been shut down for nearly three years, so there's no current financial data.But even if you had recent numbers, you're planning to operate it as a sober living facility, which I suspect is a very different business model.You need to find a comparable facility in or near your local market and develop your own customized financial analysis model based upon this particular property.Then, given your business objectives (cash flow and cash-on-cash return, I assume), you'll need to back into what purchase terms you'll need to achieve those objectives.Only then will you be able to determine whether these seller financing terms will work.As far as documentation to get started, a letter of intent (LOI) is commonly used but you might move straight to a purchase and sale agreement, particularly if no agent is involved.Whichever path you choose, just be certain to give yourself plenty of time to thoroughly perform your due-diligence.
Michael Gilmore
Designing, Developing and Building Affordable Modern Housing
13 August 2024 | 0 replies
Preliminary priced from $100,000 to $199,000 for the California market, this home will make an impact in affordable housing juxtaposed helping Californians reach the American Dream.What made you interested in investing in this type of deal?