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15 October 2021 | 4 replies
If you are good with creative financing focus on that, if you have a skill that is a trade you can trade time for time with another person who has different skills.
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31 October 2021 | 4 replies
In my MLS, there is information entered when a sale are completed when a property sells that include sale price, financing method, and concession amounts.
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13 October 2021 | 6 replies
That being said as long as you don't finance it with a method that requires it to be your primary residence for a certain period of time, go for it!
15 October 2021 | 3 replies
This is what info I have from the promissory note:Principal: $750,000Beg Date: 09/14/2021Interest Calculation Method: 365/360 basisInterest rate: 3.650%Final Payment due on September 14, 2051When I plug info into the online amortization schedule, the payment comes out to be $3,453.28, $2,2281.25 (interest), and $1,172.03(principal)However the email I have from the bank has the information below:Summary of Account Current Balance: $750,000.00 Interest Rate: 3.6500% YTD Interest Paid: 0 Maturity Date: 9/14/51 Payment Information Current Principal Due: $1,627.26 Current Interest Due: $1,825.00 TOTAL DUE: $3,452.26 Payment Due Date: 10/14/21Thanks,
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12 October 2021 | 14 replies
I'm wondering if there are any paths to a quick sale in the commercial real estate world?I've inherited a commercial property and have been dealing with it for the last year and really don't enjoy it. My family has d...
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10 October 2021 | 0 replies
Diversity of renters, length of leases in place, property condition, and location can also affect risk and value, ultimately impacting the cap rate.When someone says a property has a cap rate of 5%, or that assets in a given area are trading around a 5-cap, they are talking about the return on that property.
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11 October 2021 | 3 replies
There are no REIAs anywhere near my area, and I would like to get some insight and a different perspective on what methods can be used, scaling, financing, etc.
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11 October 2021 | 4 replies
My medium-term goal is to own and rent 10-15 properties in the next 5 years with this method.
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15 October 2021 | 5 replies
For quick and dirty method, apply the 50% rule for expenses.If this is a distressed asset, give them a cap rate before and after stabilization.
12 October 2021 | 4 replies
Another alternative for new construction homes would simply be the "advanced framing method".