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4 September 2024 | 5 replies
Reasons to sell the seller on the Owner financing might be, because you are going to do a substantial rehab to the property, or that the property doesn't have any buyers, and this is a way to sell the property.Seller Financing works a lot better when there is not a realtor to pay, where a realtor's commission could be 6%, which on a $300,000 Purchase would be $18,000.An additional option you might consider if you are looking at purchasing this property to do a flip, or fix and rent, is you could propose seeing if the seller would partner with you, and you would secure a Private Loan for 50% of the sales price, plus the rehab, and if there is enough upside equity, you would probably be able to do a cash out refinance and pay off the seller that way.
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7 September 2024 | 6 replies
I am interested in getting these loans to put solar in, taking the tax credit and deductions up front, and then paying back the loan over a 20 year period.
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7 September 2024 | 4 replies
It was a balancing act on my end, I had to buy furnishings that were tough enough to keep up with the abuse of my guests, but affordable enough to not break the bank.I have put together a list of items for when I purchase a new STR, and would be glad to send it your way if you want to PM me.
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3 September 2024 | 7 replies
Bob’s earlier post had given the most reasonable way to estimate.
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3 September 2024 | 5 replies
I think the biggest reason to join a group is not only access to the coaching, hand holding, and everything you're gonna learn, it's access to partnering with others in the group, and to have some type of accountability.I don't think there should be a group/program that just focuses solely on syndication.
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2 September 2024 | 8 replies
I did purchase some multi-family properties, however, along the way I also discovered "excellent" single-family home deals that were too good to pass up.
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3 September 2024 | 9 replies
This is the exact reason why I switched to the Build 2 Rent model, and most of my investors are following.
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7 September 2024 | 5 replies
Before you buy, make sure to get the latest rent roll (a breakdown of what tenants are actually paying in rent), the tenant ledger (which shows their payment history—whether they’re paying on time or carrying a balance), and of course, a copy of each lease agreement.Too many investors rely on what the seller says, which often doesn’t match up with what the tenants are doing.
2 September 2024 | 9 replies
I would like to set myself up to start investing in real estate, but currently I don’t even own a primary.
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3 September 2024 | 22 replies
I think you will see an increase in bookings and you can always revert back if you are not a fan for some reason.