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16 July 2024 | 41 replies
Judicious use of leverage (debt) when the property will still cash flow positive after debt service; when there’s enough equity left in the property to refinance if advantageous, and when sufficient reserves are held to cover vacancies, recessions, and unexpected repairs5.
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19 July 2024 | 0 replies
Purchase price: $185,000 Cash invested: $33,900 Sale price: $280,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a deal on Sierra Drive, Coulterville, CA 95311.
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17 July 2024 | 4 replies
If that is the case, then you will be paying on the capital gains taxes of the sale.
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19 July 2024 | 0 replies
Purchase price: $98,000 Cash invested: $31,000 Sale price: $166,000 We acquired 1212 Ridgmont from a wholesaler, and it turned out to be a straightforward rehab project.
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19 July 2024 | 12 replies
I often compare imputed interest to due-on-sale.
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20 July 2024 | 13 replies
DSCR lenders will be able to go up to 80% LTV and require no seasoning as long as there has been documented improvements and the property can debt service at the higher loan amount.
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22 July 2024 | 6 replies
Yes I know its annoying, especially if you haven't added any language in the lease that stipulates the tenant is responsible for any damage that is tenant-caused - but you're opening up a can of worms by trying to come after them for damages.
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19 July 2024 | 3 replies
We are set to close on a property by the 31st of July per contract. We found out the property was broke into at 4 am yesterday and the newer furnace/ac were stolen along with some damage to the hardwood floors and t...
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18 July 2024 | 2 replies
If you know the market and where to price your property, a listing agent is really not going to add a lot to the process and will cost you 3%, Now before I get blasted by agents posting how mush they add to the sale on the listing side, I will say that if you are not familiar with the sales process, maybe you need to pay the 3%.
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18 July 2024 | 8 replies
I've been doing 3-6 "trial leases" for new tenants and they can extend after; however, I have a W2 sales job that takes a lot of my time.