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22 March 2024 | 19 replies
If all goes to plan the sale / refinance should help me complete the next one, and line up nicely with the conclusion of my year of owner-occupancy in my current residence.
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21 March 2024 | 4 replies
I contacted a title company to officially record the sale, but they are requiring 3 separate closings (and tons of extra fees) because there will be 3 liens/private mortgages recorded (one is the original mortgage that I want to reassign since the interest rate was very low; the second will be held by my son to my daughter for his portion of the equity in the home; and the third is the difference which will be between my daughter and my other LLC).
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21 March 2024 | 5 replies
You can discuss KPIs, market strategies, sales tactics, and offers an accountability partner.
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21 March 2024 | 7 replies
This may be a dumb question - I've never sold a house before, would I need cash saved up if I sell it for the same or more than I bought it for, or does it all come from the proceeds of the sale?
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21 March 2024 | 8 replies
If the properties rent was 1% of the sales price, you would have a good chance at cash flow.
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21 March 2024 | 16 replies
@Stephen Bruce, signed estoppel for each unit as part of due diligence under the sales contract.
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22 March 2024 | 21 replies
They will also be able to run comps for you, and have access recent sales data.
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21 March 2024 | 34 replies
There may be a trend of sales going up, down, or stabilizing.
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21 March 2024 | 3 replies
We purchased one at the beginning at March (almost 3 weeks ago), had been told by the foreclosing attorneys office that they were awaiting on the DUP on 3/14, and then notified via email from their office that their client had rescinded the sale on 3/18.
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22 March 2024 | 20 replies
Also, if a place is for sale and has been used as a STR, the realtor too may have income expense statements for the last year or two.