Keith W.
Exit Strategy for Lease Option Buyer
10 April 2020 | 16 replies
Motivated Seller has a property in pre-foreclosureWe set up a Subject 2 agreement with the sellerWe pay the arrears to make loan current and pay mortgage going forwardHave a Lease Option Tenant with an annual lease that auto-renews (Option expires after 3 years)This rent covers the mortgage plus provides cashflowAfter 3 year term, Tenant purchases the property at a predetermined price minus downpayment (maybe a portion of rent goes to the principal?)
Justin Kanipe
Anyone currently buying rentals in this market?
27 December 2020 | 37 replies
There is no way I would risk taking on debt & invest cash into the RE market right now given all the uncertainty (and difficulty liquidating), especially when there don't seem to be any sizable discounts.
George Griffeth
Problems with General Contractors?
13 April 2020 | 39 replies
Read as much as you can, there's more than I can list but the E-myth is a really good one.
Andrew Strauss
Berkeley Multifamily - Discrepancy between County and City record
20 November 2020 | 2 replies
And there are 4 PG&E meters - 1 for each unit plus 1 for the common areas.Alameda County assessor website lists the 'use code' for the property as 2600 which is "3 units, lesser quality than 2300 or unknown legal"I had stopped by city hall right before the shutdown and after a quick initial search, they mentioned the property is listed as a duplex in their records.
John McLaughlin
Preliminary Title Search for REO Purchase
12 April 2020 | 11 replies
@John McLaughlin The IRS lien is not an issue, it expires 120 days after the auction/notice.
Natalie Kolodij
1031 Exchange Deadline EXTENDED
5 August 2020 | 5 replies
The 1031 extension expired July 15th but the IRS extended the 180 day investment period for Opportunity Zone investments through 12/31/20 for anyone whose 180 day period would have expired after April 1st.
Jonathan New
COVID-19 affects on capital raising
13 April 2020 | 14 replies
My investors are liquid and look at things a bit differently.
Katrina Gillrup
Advice for when using Hard Money
23 April 2020 | 18 replies
They delayed the process so long, that eventually my closing date had expired and I had to walk away from the deal.
David Chase
Real Estate Agent Career
13 April 2020 | 10 replies
Hey David,Great questions.I believe agents will need to be more resourceful, have better systems in place for streamlining the entire process and will need to be able to handle most tasks remotely - i.e. consultations, virtual tours, e-signatures.Its really not too different from where things were headed pre-COVID.In my opinion, agents will still be a vital part of the process for both buyers and sellers.