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11 May 2021 | 1 reply
After a couple extensions and hang ups with the title company, I closed on my first wholesale deal the month I left Afghanistan with a $16,250 assignment fee.
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14 May 2021 | 5 replies
Don't push that ARV too high and you should be able to cash flow after refi with little money left in the deal.
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23 July 2021 | 12 replies
when you have a city that developed land / lots for 2 million in habitants and then over 1 million left over time you have surplus worthless land ..
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11 May 2021 | 6 replies
The county/city zoning board has said this unit is not an issue and is grandfathered in, but he's worried about the more stringent FHA appraisal/inspection3) Buyer "skin in the game" - doesn't want to be left holding the property again as this has happened to him at least twice on previous land-contract/CFD arrangements4) Ability for buyer to acquire traditional financing at balloon5) Effective total cash to the seller is a primary driverWe submitted an offer that solves all these problems:Property A:Purchase price: 360k using FHA loan, owner-occupiedProperty B:Purchase price: 305k, 0% down, 25 yr amortization, 5 yr balloon, 4% interest rateNote + mortgage arrangement with professional loan servicing/escrowAssuming a 9% annual return in the stock market, this arrangement is equal in total cash to seller (including accounting for inflation,etc).
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11 May 2021 | 2 replies
Answers in writing a better, in case you need to go back to refer to them later.All of these seem pretty minor and I'd guess that you would have taken care of them anyway.I would use these defects to negotiate a lower price if you can, but as you're ready to close and have a binding sale contract with no "outs" left, the seller might just refuse.Good luck!
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11 May 2021 | 3 replies
It's an analysis that should be left in the Stock Market.
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12 May 2021 | 2 replies
My understanding is that the current rental assistance programs require you to not evict the tenant - if you've already crossed that bridge then you'll likely be left holding the bag.Selling, on the other hand, is a great option in a lot of cases.
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13 May 2021 | 11 replies
The lead L 17 will also show up.I left it with some of my tenants to show their co-workers for the next week.
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11 May 2021 | 0 replies
Is a fresh, nice, house treated better by tenants *generally* than one that's just left in dated/worn condition?
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14 May 2021 | 8 replies
Since you have 3 months or so left, is it possible to do the skills bridge program, or are you already on terminal leave?