25 March 2024 | 214 replies
I know all about fees, charges, payments, etc.
24 March 2024 | 25 replies
They may need to pay their agent out of their own pocket and they may not have the money for that in addition to the down payment (buy-side commish is usually baked into the sales price and paid at closing from funds to the seller, so the buyer can roll it into their loan and finance it rather than paying out of pocket).
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24 March 2024 | 21 replies
At least everyone in the network we developed on the ground are straightforward and folks you can trust.
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22 March 2024 | 15 replies
Regardless, she is open to seller financing it over 30 years at 5%, but interesting enough she does not want to have to pay capital gains tax on the payments for this year or the down payment.
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22 March 2024 | 19 replies
I've got an agent who sends me deals, some of which are off-market, contractors who can do the work, a hard-money lender who seems to offer good terms, and a property management team I trust.
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24 March 2024 | 4 replies
The steps are the same, utilize credit cards, take out small loans, and make sure to make all your payments on time.
24 March 2024 | 11 replies
You need a trusted team to do OOS investing.
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25 March 2024 | 23 replies
I bank and collect rent payments through Baselane and it’s a great way to set the rental terms and then forget it since the system generates invoices monthly.
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24 March 2024 | 19 replies
And in the end didn't make me money and the loans I had on them actually prevented me from getting additional loans on other better deals.Anyway, here are the specifics:1) purchased 7/1997 @ $80k, $500 down payment, cashflow appx $150/mth as long as there were no major repairs or maintenance items, great % returns but very little $ returns.Sold 5/2016 @$67k, after about $7k rehabwas about $250/mth cash flow at time of saleOh, and it took many months to sell, therefore costing me additional holding costs with no cash flow2) purchased 9/1998 @ $71k, Similar and same area as #1 - $500 down payment, cashflow appx $150/mth Sold 4/2016 @$72k,after about $9k rehabwas about $250/mth cash flow at time of saleand also took many months to sellFor fun, I just looked up their zillow as of today and 1 recently resold for $85kNow, today, there are a lot more resources to easily research market areas, etc, so I now do more research to find markets with more demand and growth potential.
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23 March 2024 | 31 replies
Get some solid numbers on what a payment would be.