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19 July 2024 | 2 replies
Looking for other ideas, and structures that would help achieve a successful partnership.Thanks DougThat's actually a lot going on.What I think you are proposing is to have your in-laws sell their existing house, buy a new smaller house with their money, sell the house to you as the landlord and they rent from you.
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20 July 2024 | 11 replies
Reason being, there is a cost in waiting.
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22 July 2024 | 0 replies
Here's how they work: they advertise a low initial cost of $499 for a 30-yard dumpster, but in the fine print, it says you'll pay extra for any weight over 3000 pounds.As a first-time home renovator, I assumed the 3000 pounds would be more than enough and ended up paying a lot more than I expected.
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23 July 2024 | 27 replies
My realtor/PM says $0.95 to $1.05 per sq. ft. is a reasonable monthly rent for a 4 BR/2 BA property in that area, which (according to the BiggerPockets calculator estimate I did) is enough to cover the monthly payment plus the above costs I mentioned.I anticipate putting down my deposit and earnest money in the next few days.
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20 July 2024 | 13 replies
If you are comparing the same exact interest rates then 20% will cost 1.625 -1.75 points more than a 25% down payment.
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23 July 2024 | 17 replies
They usually have a free online portal for fraud ime.
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22 July 2024 | 8 replies
-Administrative Burden: Managing substantial services may require more administrative work and potentially higher costs in terms of time and resources.Some investors do use creative strategies to maximize tax benefits, but this particular approach of converting long-term rentals into an active business reported on Schedule C while providing substantial services is less common.
22 July 2024 | 13 replies
Hi @Ryan Nelson ,You If your house is listed for $100k and the agent wants you to pay their commission for bringing the buyer, counter their offer with either:Rise the price to offset the cost of commissionsYou agree to the agent's offer and you pay the commissionYou don't sell to themHow valuable is it to you to sell quickly for higher (gross) dollar compared to waiting for a different buyer willing to pay their realtor commission?
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19 July 2024 | 35 replies
Either way, what are the proposed terms?
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22 July 2024 | 2 replies
Without getting into too much detail, the cost to build right now is astronomically high and this is putting upward pressure on the market.