Wang Windy
How to protect myself as the seller in a seller financing deal
28 March 2024 | 22 replies
đI've never required my SF buyers to get lender's insurance in my dozen or so sales, but I made sure to use a REC, not a Note and DofT.Â
Kevin Drouillard
Exiting out of a totally fire damaged C class property
28 March 2024 | 5 replies
They are monitoring what I do with the money, in the sense that theyâre withholding a certain percentage of funds and requiring me to have inspections done, etc., as a way of ensuring that I put it towards a renovation and not just walk away with it.
Earl Morris
Rental Properties & Trust
28 March 2024 | 11 replies
I am curious what all the shady stuff these investors are doing to require such intricate setups.
Sridhar D.
Sale of investment property after 12 months
28 March 2024 | 12 replies
Sounds like you are trying to do a Lease with Option to Purchase.This requires 3 separate documents:1) Lease2) Option Contract3) Purchase contract triggered when tenant enacts Option Contract.National statistics show that around 65% of Lease-Options fail.
Malik K.
Buying Multiplex while Renting?
28 March 2024 | 5 replies
Also don't forget that you can house hack a multifamily with 5% down, but buying a multifamily as an investment property requires 25% down.Good luck!
Tia Ricketts
Need Foundation B UI Lt For A Modular Home. Anyone Ever Done This? Any Referrals?
27 March 2024 | 8 replies
Average cost where we are now is like $5000 for set up, and you may not need a full foundation depending on the manufacturer requirements and what the lender requires.
John A.
Wholesaling to Hedge Funds???
27 March 2024 | 11 replies
Send the deals directly to the agents (who you can find by doing #1 above on earlier properties).They all have different buying criteria, different contingencies, different inspection practices and requirements, and different requirements for their purchases.
Stacie Wooten
Texas Franchise Tax Question
26 March 2024 | 8 replies
Hello, my question is in regards to Texas Franchise Tax: I formed my LLC in 2023, as a Series LLS (4 properties), Is all rent received from the 4 rentals added together and submitted as one business income or is it broke out individually and filed by each rental?
Account Closed
NREIG
27 March 2024 | 9 replies
Unfortunately, factors like a hardening property market, inflation, labor shortages, increased building costs, and an increase in claims frequency and severity have caused our carriers to require increases to both rates and coverage amount minimums to keep up with these market conditions.
Brandon Beaudoin
Real Estate Investor? Fund deals doing THIS...
28 March 2024 | 16 replies
For example, a $1 million policy could have an initial commission of $50,000 to $100,000, significantly impacting the policy's cash value in the early years.Limited Access to Capital: Accessing the cash value requires taking out a policy loan, which accrues interest, typically at a rate of 5-8%.