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22 May 2024 | 2 replies
My partner and I use the subject to language from the AIR CRE forms as an addendum to the REPC - UtahSubject to language for purchase offer - Utah REPCBuyer(s) shall take title to the Property subject to the following existing deed(s) of trust securing the existing promissory note(s):(i) An Existing Note (“First Note”) with an unpaid balance as of the Closing of approximately:Said First Note is payable at $_____________ per month,Including interest at the rate of _________ per annum until paid (and/or the entire unpaid balance is due on ___________ (date).
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20 May 2024 | 3 replies
My $5000 cabinets turned into $3000-3500 cabinets doing this.With that said, offer the best pricing you can is extremely important.
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22 May 2024 | 6 replies
You don't know how the process works so I don't know why you think you would be getting offers accepted without a pre-approval or proof of funds.You get a pre-approval with a lender you know and every time you make an offer, you just have them adjust and confirm the date and the new property address.
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23 May 2024 | 9 replies
DSCR doesn't offer any liability or anonymity protection, other than the fact the loan note itself is a form of asset protection (because there is usually little to none equity in the property to take from the owner).Here are some graphical helpers to assist in the quest of answers on this subject:Asset Protection Decision Diagram - to help assess the need for asset protection, and what to implement : https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-decision-diagramAsset Protection Onion Diagram - what, when and at what cost one should implement in terms of asset protection - https://www.biggerpockets.com/files/user/CosIorg/file/asset-protection-onion-diagram-v2What is needed for complete asset protection OR the domains that need to be intersected to find asset protection
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22 May 2024 | 15 replies
Discount to present value and those low-ball cash offers you supposedly save me from start looking pretty good.
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21 May 2024 | 44 replies
With your experience in mind, I’m going to get established with a few other lenders before I offer on another property and count solely on Constructive.
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23 May 2024 | 11 replies
~Add or take off promotional offers for guests....like book a weeknight for a $10 coffee gift card, etc.Really the options for changing up a listing are endless, but there's a few ideas.
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21 May 2024 | 48 replies
I think you should take a week or 2 Bob and write a "Crash Course How-To" e-book and then offer it up for $10 per download.
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22 May 2024 | 31 replies
Or you can pay the taxes now and invest the remaining proceeds into syndications that potentially offer higher returns than DSTs.
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20 May 2024 | 7 replies
You can always ask for a tax recert and challenge the assessment file a petition to the VAB value adjustment board and dispute assessment.If all of that fails start looking at investment properties in states like TN, LA, AL, GA, FL, these states in the South East can offer super low annual property taxes.