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3 June 2024 | 1 reply
I am close to the owner so I can discuss options.These are details and some rough numbers: - Location: Vienna , VA - No mortgage on house (free and clear)- Purchased year: Around 1980- Purchased price: around $50,000- Type: 3 bed - 2 1/2 bath single family- Market price: $920K (not appraised yet but numbers from Zillow)- Market rent : $3,400/mo (from BP Rent estimator)- Insurance $2,000 /yr- Taxes $9,300 /yr- Management $3,260/yr (I do not want to manage )- Repairs: TBDThe numbers do not work with conventional financing (20% down, 7% interest, 30 yr) so I want to think of creative financing ways.
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3 June 2024 | 4 replies
And Im looking to potential purchase a few and connect with some builders and developers to see what they are buying lots for in this area.
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5 June 2024 | 28 replies
You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property.
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3 June 2024 | 10 replies
Alternatively, should I consider purchasing several single-family homes?
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1 June 2024 | 7 replies
Especially under the TPC, the disclosure should be in writing with assignor, assignee and the seller (titled owner) acknowledging the assignee intends to assign the contract and not consummate a purchase.
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4 June 2024 | 8 replies
Hi Garrick, There are some new financing programs available to investors purchasing STR properties.
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4 June 2024 | 42 replies
You'd be better off learning the basics and some intermediate skills on youtube alone, and then using the profits you make from taking action to purchase a better coaching program than that.
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3 June 2024 | 8 replies
I am looking to purchase within the next 6 months.Thank you!!
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4 June 2024 | 3 replies
Why do you think purchase contracts are so long and have such small print?
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4 June 2024 | 9 replies
Talking to sellers and getting signed A-B purchase agreements is only a small part of what it takes to close a wholesale deal.