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7 May 2024 | 2 replies
Has anyone used or is using Tessa? Looking for acctg recommendations.
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7 May 2024 | 6 replies
I have been trying to source properties by calling on agents to ask if they have any off-market opportunities, however this isn't returning the response I had hoped.
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10 May 2024 | 5 replies
In our situation, if the loan gets called it doesn't seem like it would be a huge problem, as we could just pay it off and the list the property and get the equity (probably $30k to $40k after selling expenses, assuming the market hasn't dropped).Thank you in advance for any feedback anyone is able to provide on the subject of a subject-to sale with a USDA loan.JeanYou said: "In our situation, if the loan gets called it doesn't seem like it would be a huge problem, as we could just pay it off and the list the property and get the equity (probably $30k to $40k after selling expenses, assuming the market hasn't dropped)."
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10 May 2024 | 5 replies
The property I would buy is in her LLC but she would like the dream home she’s building to be in their personal names, can she use a 1031 exchange at the end of the 3 year balloon when I pay her off and use those proceeds towards a new construction build?
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10 May 2024 | 12 replies
Be a DON'T WANT-ER - always be willing and ready to walk if you can't get a good deal - And understand that you can always come back to that seller later and begin Second Stage NegotiationsAsk the 7 wordsAlways consider a subject to offerAlways ask for seller financingUse the Study Period Clause with right of possession to control properties without cashOffer seller participation - this is a great way to close dealsOffer something other cash - a note secured by your other equities, an unsecured note, a Principal only mortgage (using this technique you can offer more for the building since you are not paying interest - and as you know a direct reduction mortgage will pay off much faster.
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10 May 2024 | 43 replies
I have one in Bethany and the off-season is so tough compared to Ocean City.
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7 May 2024 | 5 replies
Sounds like he's trying to rip you off.
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10 May 2024 | 13 replies
Wouldn’t you be better off selling the property instead of tearing it down?
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8 May 2024 | 33 replies
We've replaced the roof (18.5K, it was never torn off in 100 years) and redid kitchens and bathrooms.
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10 May 2024 | 1 reply
The mortgage is paid off as part of the sale leaving net proceeds.