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12 August 2024 | 0 replies
Lessons learned from the W Knoll St deal include the importance of precise budgeting and managing unexpected challenges during renovations.
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13 August 2024 | 16 replies
Worry about getting a deal closed, everything else is easy, You can transfer to an LLC after, All the best
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12 August 2024 | 0 replies
This experience reinforced the value of strong communication and precise execution in achieving successful outcomes, even in fast-paced deals.
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15 August 2024 | 16 replies
Another thing, if your cleaners bring their own vacuums, they could be transferring them from house to house.
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13 August 2024 | 4 replies
Hi folks,My wife and I have a construction to permanent mortgage loan on land+home where we intended to build.Unfortunately, we found out that unexpected foundation work due to soft soil would likely make the project use triple our contingency reserve before even breaking ground.We are exploring our options on how to transfer our current financial obligations for this construction loan to some other loan offering (as moving forward with the project is now too financially risky).
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13 August 2024 | 3 replies
The land shortage and rapidly increasing population are why prices and rents continue to rise quickly.Could the land be transferred from the federal government?
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12 August 2024 | 1 reply
A quit claim deed just means you are transferring ownership but making ABSOLUTELY NO GUARANTEES about the title to the property.
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13 August 2024 | 3 replies
Home equity is 6-7% depending on length 5yrs vs 15yrs a 30 yr mortgage is 6%...Ideally rental stays rented out bringing in 1/2 of mortgage payment on new house based on numbers and is already cash flow positive bring in $1200/month (worth about 180k)and new property is going for 240k going rental price is about $2,000/month but I owe 18k still on private mortgage- reason I want to pay it off (4% flat 720 interest from cc for 1 year) to have it 100% paid off, then use home equity to pay off....or try to balance transfer balance after 1 yr which ever is lower but I figured that would mess with debt to income ratio and with this property being brand new, which is hard to find being located outside of closest major city...goal is to keep house rented out till it's paid off while also being cash flow positive with both properties combined and using paid off/ nearly paid off 1 to pay for 2nd rental, so I'd say lowest debt while also building wealth/equity not worried about a monthly/yearly profit per say as long as someone else is paying down the mortgage ie: my current property is bringing in $1200/month but current market value says it should bring in atleast $1500-$1600 but the tenant is phenomenal so she's paid same rent since 2017 I've put about 36k into between mortgage payments for 2 years and some up keep...she's put in the other 130k!!
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14 August 2024 | 11 replies
@Mike Jones what Tom is suggesting (to have the UCC released and refiled) is the way these things are typically handled such as during a transfer or refi.
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14 August 2024 | 42 replies
FCI supposidly has $15 a month and ACH transfer to checking, so check them out.