Chad Shultz
Small Town Motel turned into Big Returns
24 June 2024 | 1 reply
Purchase price: $640,000 Cash invested: $1,200,000 Turned a shuttered and rundown 13-unit waterfront motel into a brand new vacation destination with added lakefront "tiny homes", for a new total of 20-units with yearly gross over 500,000 and cashflow averaging $40k monthly.
Jodi-Ann Birch
How To: Cash out Properties without having seasoning restrictions
25 June 2024 | 6 replies
I am open to getting professional help so pleaserecommend any, if possibleHi Jodi..most lenders will require a six month seasoning however it’s possible to use the purchase price and do an immediate cash out refi or first position HELOC.
Christian Hwang
Fix and Flip
24 June 2024 | 3 replies
Purchase price: $1,870,000 Cash invested: $300,000Offering a sliver of ocean view from upstairs, plus an ideal setting conveniently close to the area's most popular shops and restaurants, there's plenty to love in this location.
Jazzous Anderson
PM Recommendations (Hemet)
24 June 2024 | 3 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
Collin Hays
Smokies "hiney showing" thread
22 June 2024 | 129 replies
In my market it's a mixed bag currently: we still have very low inventory in the entry-level price bands (under $1M) where we are still seeing multiple offers above-ask on any reasonably-priced listing that's in decent condition (I saw one go over-ask by $500k last week with 18 offers!)
Gwyeth Smith
Classifying Spouse as Real Estate Professional
22 June 2024 | 20 replies
What are your thoughts on what seems reasonable in terms of number of units to keep a spouse active and busy enough to make up 750 hours a year?
Steve Crounse
"Subject To" Purchase & Sale Agreement
24 June 2024 | 16 replies
==========================SAMPLE EXCERPT ONLY===================== This Agreement entered into on the_______day of ___________ , 20_______ by and between, _____________________ and or their assignee(s), herein after referred to as the "Buyer(s)", and _____________________, Herein after referred to as the "Seller(s) ".Seller agrees to sell and buyer agrees to buy the following described real property together with all improvements and fixtures and the personal property described below:Property Address______________________________________________________________________________________Legal description: ____________________________________________________________________________________________________________________________________________________________________________________________________________ County _____________________________________________________________.Personal property included: ____________________________________________________________________Earnest Money Deposit $______________________Cash To Seller At Closing $______________________Existing Loans & Liens $______________________New Loan To Seller At Closing $______________________Purchase Price $______________________The purchase price to be paid as follows: 1.
Allan Wu
Can I hide my property address on my listing (Zillow/ Apartments.com/ Avail.Co)
24 June 2024 | 1 reply
When you create a listing on these platforms, you will have the option to provide details about your property such as the number of bedrooms, bathrooms, amenities, and rental price without disclosing the exact address.
Christopher Berra
Single Fam Hold
24 June 2024 | 1 reply
Purchase price: $25,000 Cash invested: $5,000 I bought this property in a package of 4.
Mike Pepperday
Off market property letters
22 June 2024 | 2 replies
Make a reasonable offer on the spot.