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24 January 2025 | 1 reply
Here were the results:Sales Growth: As you can see, Raleigh and Durham are VERY different in terms of Existing Home Sale Counts YoY.
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20 February 2025 | 3 replies
In terms, of Great Price, Fair Price, Overpaid.2.
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11 February 2025 | 11 replies
But if you are operating a single unit, realistically how long can you wait for that tenant to be caught up?
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24 January 2025 | 6 replies
Everybody is different, some people like flipping, some like short term rentals, some like long term rentals.
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24 January 2025 | 0 replies
A local real estate lawyer or translator can ensure you fully understand the terms and conditions of the purchase.Other Costs to Consider- Closing Costs: In addition to your down payment, expect to pay an additional 8-12% of the property price for:- Notary Fees: Around 1-2% of the purchase price.- Property Transfer Tax (Grunderwerbsteuer): 3.5-6.5%, depending on the region- Land Registration Fees: Approximately 0.5-1.5%.- Realtor Fees: As mentioned, these range from 3-7% of the purchase price, plus VAT.Benefits for Service Members- Equity Building: Owning property builds equity over time, providing long-term financial security.- Strong Rental Potential: If reassigned, you can rent the property out in Germany high-demand rental market.- Tax Advantages: Germany offers tax deductions for property owners, which can help offset some costs.Key TakeawaysService members have a unique opportunity to buy property in Germany with minimal upfront costs.
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20 February 2025 | 4 replies
Hi Evan from Sayville, NY-You asked about whether a lender would pay real estate commissions and closing costs with a short sale.I negotiated a lot of short sales after the Great Financial Crisis.Short sales are similar to dealing with a bank owned property accept the bank is trying to avoid taking it back so the terms, specifically an acceptable purchase price, have to be negotiated.The thing I found that was important to negotiate was the lender agreeing to settle without further recourse for the seller.
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18 February 2025 | 7 replies
If you have scorable US credit, you'll get better terms.
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17 February 2025 | 19 replies
Quote from @Jack Matthias: Hi Josh,Curious why the Heloc as this can be done with better terms going the conventional route.
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23 January 2025 | 0 replies
There is a single family home that was divided and one half has been rented and an ad on small "house" that has also been rented mostly long term.
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23 January 2025 | 3 replies
I am interested in buying a long-term turnkey property in a nice area (I live in San Diego so this property would have to be out of state).