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30 May 2024 | 22 replies
consider the opportunity cost of doing this#1) sell house for cash or to a buyer with their own financing from a bank, etc and you get 315K at time zero, you invest that at historic SP500 8.4% return over last 220 yrs and it grows to $3,541,514.46#2) do owner financing and you get 100k up front that invested at 8.4% grows to $1,250,000, plus you get your payments at $1400 x 360 months or $502k, invested grows to $3,265,000 total including the 1.25 mil aboveso you come out 300k better not doing it and you don't have to service the loan and all the other risksremember banks don't even carry mortgage notes after origination, they dump them onto the US taxpayer via illegal-unconstitutional havens like Fannie/Freddie/HUD, and for last 15 yrs the FED has bought every MBS in the country, which frees up the Banks capital to do it again and make the real money on churning the points and feesplus will next 30 yrs have higher inflation than last 30 yrs?
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28 May 2024 | 1 reply
We are in the process of flipping our primary home and have found costly repairs that are needed, and we simply cannot come up with the needed funds to pull us through when we list in September.
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28 May 2024 | 1 reply
I got the owners to agree to pay for a new water heater for the building (about $4000), and $10,000 of seller paid closing costs.
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27 May 2024 | 32 replies
Be sure to set up some Keyword Alerts with keywords that you want to be kept in the loop about - such as Albuquerque, New Mexico, or "Single Family" - so you'll be emailed when those terms are discussed on the forums!
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26 May 2024 | 2 replies
There is liability protection when you setup a company to provide services to your properties.
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28 May 2024 | 1 reply
I've heard Stessa and Buildium for the most part but find it's actually very difficult to use for the average small scale landlord (I have 7 doors)The cost of Buildium I think is way too high for the small scale self managed landlord like myself. 7 units comes to $55/monthAs for Stella, the UI isnt the greatest and probably tailored for more property management companies, and the accounting features are rather lacking for Canadian tax laws.
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29 May 2024 | 64 replies
Arguing never works.Get a good attorney that specializes in landlord/tenant law and accept that it will at times cost money to have them deal with things.
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28 May 2024 | 2 replies
There will certainly be buyers interested in having an ADU but I'm not sure they will be able to pay for the cost the original owner incurred to get the ADU.
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28 May 2024 | 11 replies
You'll have to balance cost vs features!
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28 May 2024 | 4 replies
Targeting, impressions, reach have been successful with Cost Per Results.