Tom Soranno
Extreme Historic Rehab
3 May 2019 | 0 replies
We took the house from a burned out shell to essentially a "new" home with vintage details inside of the restored historic exterior.Lessons learned?
Joseph Leguenec
Inter-creditor Agreement for Property Sale. Bad Idea?
3 September 2019 | 11 replies
I found a buyer who would buy Lot A for 1.1MM and Lot B for 300k, for a total sale price of 1.4m I owe about 480 on Lot A, and own Lot B free and clear.The way I set up the sale, was for the buyers to purchase Lot B cash for 300k, (So they would essentially own Lot B outright, but I would have a first position lien securing Lot A) and Owner Finance Lot A with 180k down, leaving a balance of 920k on the loan.
Robert Wood
Being sued over security deposit by tenant who never moved in.
14 May 2019 | 53 replies
We did not get a tenant for the house until March 26th 2019, essentially two months later.
Justin Haberman
Lease mailed certified. Is it binding?
16 May 2019 | 9 replies
Otherwise, as far as I know they are essentially squatters.
Bill Marcotte
Potential tenant just out of bankruptcy.
21 December 2019 | 6 replies
Housing would be considered essential by any custodian.
John Boonphitak
Parents want to sell me their home and rent it out from me WDID?!
6 May 2019 | 7 replies
I have a home of my own and am currently paying the mortgage off of that one with the help of having some rental one of the bedrooms out.I do not want to miss this oppurtunity as I can use my current home when I take over my parents as some kind of investing property (more or less, rental)Although when this time comes around, I will still be paying my own house's mortgage, they essentially will be still living there paying me rent for the mean time as they wander to look for a smaller property for retirement.Any advice on what I could do?
Will Holmes
Young guy looking to invest in first property
15 May 2019 | 18 replies
Essentially leasing an apartment or house from someone, and offering it on Airbnb at a premium.
Rocky Rock
Difference between Real estate crowdfunding vs Syndication?
11 May 2019 | 13 replies
No, unfortunately a lot of this is just not accurate.From the point of view of a passive investor in the deal: real estate crowdfunding is essentially the same thing as a syndication...except it's usually done over the Internet.
Jesse Dickens
Funding real estate deals with business credit
6 May 2019 | 2 replies
To actually use the funds for a RE purchase you have to go through a company that will essentially swipe your card and wire the funds to you for 2.75%.