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22 May 2024 | 3 replies
Since the first position buyer was a neighbor and my client's offer was financed, it was difficult to compete, but there are some steps buyers and their brokers can take to outwork cash and other offers. - Position.
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24 May 2024 | 10 replies
I'm in the position to apply(depending on lender DTI requirement) for conventional financing through the builder at <6% interest rate in this current market.
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24 May 2024 | 36 replies
Few years later I heard the guy he partnered with had been brought up on fraud charges or something.Anyway, the sales guy for the ACTS keeps calling me and trying to get $1000 out of me for a lease option program.
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24 May 2024 | 1 reply
Wanting to explore other options or find out other financial strategies for trying to build a detached home on our lot without having to refinance out of our 2.75 interest rate with a cash out or doing a HELOC.
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23 May 2024 | 43 replies
The other guy, who bought in the boarded up zone, has no such options.
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24 May 2024 | 42 replies
And I think the market there is going to surprise a lot of folks (in a positive way).
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22 May 2024 | 0 replies
More money in the market means more opportunities for everyone.Active Inventory: A whopping 52.6% increase in active inventory, from 2,717 to 4,146, means more options for buyers and a more balanced market.Despite a slight dip in the percentage of the original list price received (down 1%) and a minor increase in median time to contract (up 11.1%), the overall sentiment is overwhelmingly positive.
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22 May 2024 | 11 replies
I am a health professional, and currently in discussions with a few job prospects in Florida for a new position, but I have yet to sign a contract.
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24 May 2024 | 6 replies
This house currently has no renter though they are actively looking to put one in the home.House 5. rents for $725/m the loan will cost me $13,000 as a down payment and $6,000 closing costs, and should cash flow approx $275/m after mortgage payment are made.House 6. rents for $725/m the loan will cost me $14,000 as a down payment and $6,000 closing costs, and should cash flow approx $250/m after mortgage payment are made.To be able to make this down payment I have the option to:HELOC my current home which cost me about $850/m in repayments OR I can find a hard money lender who would be interested in working with me, I am currently putting together a hard money lender proposal to show a couple family members that would basically look like this: No repayment in the first 12 months, all income going into an account to allow for repairs and emergencies, after that taking the cash flow and splitting it 75/25 to the lender paying it off in approximately 13 years, sooner if we can make extra payments on it and giving the lender an 8% return on his money(about .5% less than what I was quoted for my HELOC).ORI can potentially do a deal with my brother who is also looking to get into real estate and we split the properties 3 a piece.These properties are right outside of a military base in a low income city but have done well for the family currently owning them with consistent long term renters in them.I am looking for any advice as to whether or not this is a deal worth pursuing.
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21 May 2024 | 21 replies
I am location agnostic but I'd like to start at some level of positive cash flow.