Susan McBride
Investor Offer to Assume Mortgage - Legit or not?
1 February 2024 | 14 replies
Without knowing the specifics of (1) your personal situation and (2) the particular property market conditions for the property market your property is located in and (3) the condition of your house, etc. it’s impossible for anyone to provide meaningful advice concerning whether or not to entertain this offer.Many states have standard contracts and procedures which have all but eliminated the need for an attorney when the sale of real property is done utilizing the “usual” methods of financing and ownership transfer.
Nik Frid
What other costs can be added?
31 January 2024 | 10 replies
With flips, specifically, I would say many new flippers don't think about their hold costs: utilities, taxes, insurance, interest (if you have a loan) and the big one: all the closing costs, or the fact that if you don't replace the furnace and it is pretty old but working, the buyer will want some form of credit for that.On rentals: leasing commissions are almost never discussed on these forums.
Calvin Matthews
Missing out on 3 months of rent-is it worth it to pursue collections?
30 January 2024 | 2 replies
I can go into more specifics if interested/needed but basically we're out $6,375 of rent payments.My questions are:-Should I pursue collections with the tenant?
Jen Andreani
New Member Excited to Connect and Learn with Fellow Investors!
30 January 2024 | 0 replies
After navigating the challenges and successes of those ventures, I'm eager to explore new horizons, specifically in Airbnb home ownership and multifamily investments.🏡 Background:As a homeowner and former long-term rental landlord, I've learned the ropes of property ownership and management.
Terence Crafton
I am seeking an Advisor/Planner
30 January 2024 | 12 replies
If you're looking for investment management or advice, Registered Investment Advisor (RIA) is a specific type of firm that is required by the SEC to act as a fiduciary.
Wencheur Antoin
Seeking Insights on FHA Loan Eligibility for Independent Real Estate Agents
29 January 2024 | 4 replies
Are there specific considerations or steps that need to be taken in such cases?
Josh Hall
Where to purchase flooring?
30 January 2024 | 4 replies
The problem I have with Floor and Decor is that often once they sell out of a specific flooring they don't get it again.
James Russo
Financing a fix and flip
31 January 2024 | 9 replies
Hello I could help you with a fix’n flip loan.To apply is easy, you just need to have a minimum credit score of 620 if higher better, you need to have at least 25% to buy, you need to have a company and if you don’t have experience for your first deal you would need to do the renovations with a general contractor.Our terms are 80% LTC or 70% ARV, the rates are 10.75%, no prepayment penalty, 12 months, our origination is 1.5% + underwriting fee of $1500 and legal fee of $1250 plus appraisal and title fees.Please let me know if you need terms for an specific deal, I’m happy to help!
Jack Elliot
Recommendations For Investor Friendly Tax Pro?
30 January 2024 | 5 replies
I have been a part of a number of REI specific meetup groups and it is a great way to meet with professionals in your area and network.