22 May 2024 | 2 replies
You can offer to lend the seller money to stop the foreclosures. 7 or do a lease with an option to buy - making up the back payments that would be considered you advance lease payment.Always look at the property if you have intentions of bidding at the auction (this can be tricky because you need to do that with the owner's permission - do try to build a rapport with seller - also look at the foreclosure suit to find out what the bank is looking for and if there is a second mortgage or other liens.At the court house steps when the auction take place you need to be well prepared with your certified funds but more importantly you need to know the fast sale value of the property - you don't want to pay retail.Get to know your competition - there will be professionals at the foreclosure auction looking to capture some serious equity.
22 May 2024 | 1 reply
I'd like to see overview data for portfolio value, equity built, total cash flow, etc.
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22 May 2024 | 2 replies
Do you plan to refinance after adding the value?
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22 May 2024 | 0 replies
It’s a clear indicator that property values are on the rise, benefiting current homeowners.Dollar Volume: Sales generated a whopping $1.2 billion, a 29.9% surge.
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22 May 2024 | 0 replies
This indicates a strong and healthy market, where property values are appreciating steadily.Dollar Volume: An impressive 26.3% increase in dollar volume reflects the overall growth in the market, soaring from $793,424,108 to $1,001,865,280.
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22 May 2024 | 11 replies
With any house-hack comes some sacrifices as well: factors such as location, value-add vs turnkey, size, rent to price ratio, short-term vs mid-term vs long-term renting, and your ability to jump into the next one quickly all depend on you as the buyer.
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22 May 2024 | 13 replies
So it is not like we aren't receiving both.If you are working a job that sufficiently provides your means of living, it would be easier to make an appreciation play, knowing that each year you pick up 3-5% of value in the property - you don't need the cash-flow necessarily up front.
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22 May 2024 | 3 replies
Located in: Trenton, NJ one thing to realize and talk to your accountant about is if you assume it - do you assume it based on his cost basis, which could be a lot lower than the property value and then when you do eventually sell it, you could be hit with a nice capital gains bill.
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22 May 2024 | 4 replies
Let’s assume the property has $313,000 in NOI Valued at 6.26 M 5% cap loan $4,695,000P+I annual= $413,400> NOI5.216M 6% cap loan $3,912,000P+I annual= 344,460 > NOI4.47M 7% cap loan $3,352,500P+I annual= $294,708 <NOI cash flow +
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22 May 2024 | 3 replies
This affords the opportunity for a homeowner to sell the property if it is not under water for market value and pay off the loan before they are foreclosed upon, or more commonly, short sale the property with the bank's approval.