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15 July 2024 | 17 replies
Even some of the larger ones need better analytics/tools.
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18 July 2024 | 1 reply
Seller carried transactions can be hard to comprehend for real estate professionals, and even more difficult when being relayed through potentially 4-5 parties. - Allow time for consideration.
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16 July 2024 | 12 replies
But definitely keep it for 2 years - even if it meant sitting for a couple of months to avoid the capital gains!
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19 July 2024 | 4 replies
It's advisable to work with a real estate attorney who is familiar with subject-to transactions to navigate any legal complexities.Risk and Liability: As the original borrower, you retain liability for the mortgage even after selling the property "subject to."
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19 July 2024 | 23 replies
@Jonathan Greene Thanks Jonathan I will explore using a single person vs a management company
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17 July 2024 | 32 replies
Build a team-Get a property manager to handle the daily stuff,and maybe even a local handyman in your chosen state.Use online platforms for rent payments, maintenance requests, and communication.Touch base with your property and team, build relationships with tenants.
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18 July 2024 | 2 replies
Looks like the only option to do a break even or cashflow with current prices in the area.
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16 July 2024 | 0 replies
The real test will come when the Fed begins to cut rates, as indicated for later this year, making it a challenging market for both parties.”Clare Losey, ABoR’s housing economist, recently said, “From the buyer’s standpoint, there are a number of advantages and disadvantages…The biggest headwind to them are higher mortgage rates and the decline in purchasing power.”Here are the full stats for Austin and the greater metro:Here’s a chart showing the median sales price of a single-family home in the City of Austin for the first half of 2024:The median sales price for a single-family home in June 2024 was up roughly 16% from the beginning of the year.
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18 July 2024 | 3 replies
Use proceeds as down payment on higher quality house maybe even new house, less repairs, can look I.
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18 July 2024 | 4 replies
@Parker FairfieldAlso be careful with financing in Vermont - it’s got some crazy laws even when seller financingDefinitely talk to an attorney prior to striking the deal.