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20 October 2024 | 2 replies
I help spend less time searching for deals and more time finalizing deals.
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22 October 2024 | 12 replies
The values listed may not match the total acquisition cost, but the proportionate ratio between the land and improvement values can be applied to the final purchase price for income tax purposes.Commission a full-scope land appraisal: Another option is to commission a full-scope land appraisal.
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20 October 2024 | 6 replies
Assuming the final price is enough for all parties to be satisfied, you'd do a JV agreement with the wholesaler and the realtor would be paid their commission (as opposed to a separate JV).
21 October 2024 | 4 replies
The 70% rule in real estate can be helpful when comparing properties and making a final determination on which one is the best investment.
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19 October 2024 | 6 replies
I’ve been on the hunt for properties and finally found a couple that I’m seriously thinking about making an offer on. 🎉 I’m still finalizing things with my lender, but before I move forward, I want to be 100% sure I’m covering all the key steps.Here’s the checklist I’ve put together so far:Home inspection – to catch any hidden issues.Appraisal – to confirm the property’s value matches the offer.Financing contingency – securing my loan approval without surprises.Title search – ensuring there are no liens or legal issues.Seller disclosures – reviewing any known problems upfront.Neighborhood research – making sure the area fits my investment goals.Are there any crucial steps I’m missing or anything you think I should focus on more?
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20 October 2024 | 4 replies
.; (6) if none of those intermediate descendents are alive the remaining half can go to the spouse of less than three years or to a predeceased spouse’s heirs; (7) finally, if none of these apply, all the property escheats to the county where the decedent died.A good way to visualize the order is to imagine the following scenario: Alfred dies without a Will.
21 October 2024 | 1 reply
Over the home loan term, this can significantly reduce your mortgage payments.Closing costsReal estate investors must pay most of the closing fees when finalizing a mortgage and real estate sale.
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21 October 2024 | 17 replies
It's rare that a poster comes back with an update, so I appreciate you sharing what finally worked.
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22 October 2024 | 14 replies
He had great income and a great credit score, she didn't, and I had been vetting potential tenants for a month and a half, and I was finally happy to see someone with good income and credit.
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26 October 2024 | 50 replies
One final comment.