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4 February 2025 | 17 replies
However, they can deduct the interest they pay to you as part of the seller-financed agreement—if the loan is secured by the property and you provide them with a Form 1098 (Mortgage Interest Statement) for their records.
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9 January 2025 | 12 replies
We add up the scores and get a total score that reflects the level of risk the applicant presents.
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26 January 2025 | 10 replies
The successful wholesalers are the ones that are direct with the seller and have done an analysis on the deal to show it can be a successful investment (always double check with your own)totally agree, I would add the don't act sketchy and present their available homes in a consistent/professional manner to buyers.
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11 February 2025 | 15 replies
I totally recognize that is impatient and greedy.My gut is saying your short picture idea is where we're heading since we are taking the same hit with brokerage account (I didnt even mention borrowing against 401k - yes its not advised but my wife and I have stable W2 income to pay ourselves back) Thanks again, this BP community / forum is awesome
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31 January 2025 | 8 replies
For instance if this is a $10M portfolio that's levered with loans totaling $9.1M, there's no equity that can be pulled but if this is a $1M portfolio with $100K of debt, its a different story.
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24 January 2025 | 0 replies
Over-budgeting is critical to ensure that renovations don’t eat into your profits.Market Fluctuations: If property values in your area do not appreciate as expected, or if you face a market downturn, the amount you can refinance for may be lower than anticipated.Financing Challenges: Securing financing for the initial purchase and rehab, as well as refinancing after the property is rehabbed, may be challenging, particularly if the property is located in an area with fluctuating values or if the rehab work doesn’t immediately improve the property’s appraised value.Tenant Risk: Rent collection and tenant management can be unpredictable.
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23 January 2025 | 5 replies
This means you can sell, lease, or pass on the property as you see fit, just like any other property owner.Full Ownership RightsYou have the same rights as a Mexican property owner, including the ability to sell, lease, transfer, or mortgage the propertyLegal SecurityThe Bank Trust is a well-established legal mechanism in Mexico, ensuring your investment is secure and protected under Mexican law.Renewable TermsThe trust is set up for 50 years and can be renewed indefinitely, allowing you and future generations to maintain control over the property.Estate PlanningThe trust makes it easier to pass the property on to heirs, simplifying the inheritance process and reducing potential legal complications.Although the process might initially seem complex, it is entirely managed and supervised by a reputable banking entity.
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13 February 2025 | 22 replies
At my brokerage we do a total market analysis for the Northern Nevada Tahoe area, as soon as a property hits the market we know if it's a good deal because we have the data put it on the radar.
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14 January 2025 | 1 reply
I just had tenants move out of my investment property (duplex) without paying for the last month's rent, and the damage they inflicted onto the property exceeds their security deposit amount.
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23 January 2025 | 10 replies
Seller and buyer commissions are a total of 6% - $17,340.