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8 February 2013 | 3 replies
I just recently got a call back on a direct mail letter, and after calling the interested seller I now have an understanding of what he is looking for, but I would like some advice on how to structure an offer.
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30 May 2015 | 61 replies
However, Spouses both on their corp payroll can increase this contribution up to $102,000 depending on the structure etc of the corp.However, a SDIRA contribution is limited to $5,000-$6,000 depending on age etc.
11 February 2013 | 19 replies
I struggled through Mech Eng with a minor in EE.Then ended up in drive control automation & traveled the world on contract jobs.But that minor in EE saved me a lot of $$$ when renovating homes esp splitting the services for myself & others.If you're serious about RE investment an engineering background will save you a fortune & give you valuable insight into structural re-design (assuming you take some design courses) when you blow out the walls etc of an older home or add a room above an attached garage etc.It's a great discipline & you will never regret finishing.
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11 February 2013 | 34 replies
According to them half of this would be reviewing their methods and how they structure their deals in their office.
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8 February 2013 | 2 replies
Ok, here goes.
I have an S corp. It has assets including 3 pieces of real estate.
2. I have an LLC. It has one asset..a piece of real estate. There is an 80K loan against it.
3. I have a trust that I use to pass on ve...
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2 January 2015 | 12 replies
The daughter says they want to sell the house and would consider financing the sale (the home is free and clear).My question is when structuring an owner finance sale on a home in probate would we need to have an MLO involved to satisfy the SAFE Act or is this an exempt situation because it is the decedents immediate family?
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10 February 2013 | 3 replies
I get 100%All that is well an good, but its not accumulative, it reset on my anniversary.So I will be in 64/30 for a long time.But they will let me structure my deals anyways I want.Waive commission, only give buyer agent etc. and I'm not sure if I m restricted to 2xs a yr.This one also has a profit sharing that sound like a ponzie scheme (spelling) The broker is super nice and been in all of the brokerage I mentioned.
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26 January 2018 | 36 replies
My 1st question is: In negotiating from the bank, what is the best offer structure so that you get them interested and find success?
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11 February 2013 | 19 replies
I can make those decisions with an email or access to the following information.The address of the housePictures of the following Kitchen Bathroom(s) (tub, vanity and floor) Roof (reasonably closeup) Front View Rear View Furnace AC Hot water tank Window, typical of the majority in the house Garage door Fireplace Driveway/Sidewalk Garage if free standing Main electric panel Anything wierd, or destroyed that is not on this listSome rehabbers may want comps, I run my own.
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11 February 2013 | 3 replies
Different properties and finance and structure terms.Secondly even if you got a seller to give a second with no money down you still have for 5 - 12 units about 8k to 10k in closing costs with phase 1, cost reserve stable, appraisal, site inspection, survey, etc.Lenders typically want 75% LTV which even if a seller holds a 15% second you still have 10% needed.