Brandon Sisco
Vacant lot w/income producing billboard lending options
12 September 2024 | 2 replies
Unfortunately the 3 asset classes that banks are not fond of right now are rural properties, commercial office space, and vacant land.
Jennifer Figueroa
Buying a property through seller financing
4 September 2024 | 5 replies
Reasons to sell the seller on the Owner financing might be, because you are going to do a substantial rehab to the property, or that the property doesn't have any buyers, and this is a way to sell the property.Seller Financing works a lot better when there is not a realtor to pay, where a realtor's commission could be 6%, which on a $300,000 Purchase would be $18,000.An additional option you might consider if you are looking at purchasing this property to do a flip, or fix and rent, is you could propose seeing if the seller would partner with you, and you would secure a Private Loan for 50% of the sales price, plus the rehab, and if there is enough upside equity, you would probably be able to do a cash out refinance and pay off the seller that way.
Michael Upson
1st home of many
11 September 2024 | 0 replies
One condition of this grant is that we cannot sell the property for five years, and if we refinance, we can’t take any cash out—it must be reinvested into the property.
Emmanuel Ola
Underwriting Inquiry: Why Downsizing from $606k to $376k Home?
11 September 2024 | 1 reply
This new property is roughly 1,600 sqft, with 3 beds and 2 baths.We see this as a unique opportunity, especially considering how rare it is to find this price for new construction in the California market.
William Coet
Does This Make Sense? Syndication Question
11 September 2024 | 9 replies
Hello,A syndication closed on a multifamily property several months ago and they are still raising funds for the property.
Julia Samaniego
New to Tax Lien and Deed Investing
11 September 2024 | 7 replies
I'll bet you would dig thru 1000 properties if there are that many to find a decent OTC deal in Texas.
C Gamero
Grandfathering a str in a neighborhood that no longer allows it
11 September 2024 | 4 replies
My issue is that in our area if vacation rentals are not allowed the property values plummet!
Justin Norman
ADU Tax Advantages / Questions
11 September 2024 | 2 replies
My assumptions based off research is I will be able to deduct 1/2 of all allowable expenses based off the ADU square footage (My understanding of that list below) 1/2 Mortgage Interest (Not principle) 1/2 Utilities 1/2 Property Taxes 1/2 Insurance (assuming I don't have separate ADU insurance) 1/2 general house maintenance (depending on the issue and if it's related to the ADU) 1/2 Depreciation (Home value, not land divided by 27.5) KEY QUESTION: If my mortgage (PITI) is $5400, and all of those ADU deductions equal $3800 monthly, and my ADU income is $1800 monthly, am I allowed to pay the difference in "deductions" from my real estate business income?
Matthew Powell
VA Foreclosure help
11 September 2024 | 4 replies
I'm not quite certain of what you are asking.is there a date set for a sale for a property with a VA loan or has it already gone to sale and is now owned by the bank?
Gene Battle
Cost Segregation Company
12 September 2024 | 7 replies
Depending on the nature of your property and the particular Cost Seg provider's MO, there may or may not be an actual site visit.