Account Closed
Quiet title on a property to acquire it free & clear?
23 February 2016 | 16 replies
I've heard of instances where a buyer negotiated with lien holders to pay off a reduced amount of the debts upon settlement.
Rory Calnan
Manchester, NH multifamily market
7 June 2020 | 15 replies
Neighborhood certainly matters with this model, but the result is higher rent, better tenants and reduced turnover and damage.Bottom line is do not write Manchester off.
Peter B Ana
AirBnB the right way in primary home
29 April 2022 | 10 replies
Would love sage advice on what/how to do this right.ASSETS650k equity in home, stock/bond investments in retirement and taxable accountsNo trusts, No LLCs, 2 Kindergarten age kidsZONINGTown laws suggests that less than 1 week is not allowed.
Russell Brazil
Let's Talk Price Reductions
23 July 2022 | 3 replies
This number has compressed as out housing shortage, with lower sales, drastically reduced the number of units for sale and selling.Now let's say inventory tripples to 900 units.
Uri E.
Move rental properties into a corp entity (LLC/S-Corp)?
28 June 2021 | 3 replies
Generally, you don't want to put rentals in the corp for various reasons (no debt basis, taxable event when you distribute, and many more).
Henry Lazerow
Lending options for 2-4 units - 2021
24 August 2021 | 7 replies
The seller credit reduces the out of pocket amount by paying the closing costs.Conventional - investment property = 2% maxConventional - primary residence - over 90% LTV = 3% maxConventional - primary residence - 75.01% - 90% LTV = 6% maxConventional - primary residence - 75% LTV or less = 9% maxFHA = 6% maxThese credits are also capped at the actual amount of closing costs and prepaids.
Kristen Haynes
Excellent post on the state of the market and diversification
18 March 2022 | 3 replies
The recent growth of domestic oil production should help to reduce the shock from global supply disruption.
Mauricio Lopez
Neighbor complaning about loud noise from tenant's autistic son
14 December 2021 | 26 replies
@Mauricio Lopez heed the advice of others and do not get involved— reduce your risk here.Autism is a disability under the Fair Housing Act.
Gerald Beck
How to Find When My Property Was Converted to a Multi-Family?
2 January 2022 | 8 replies
Tell him that you may need to reduce the number and see if they have any resources as you'd be calling as a customer.
Elliot Weldon
Does the 70 percent rule always apply to a good deal?
9 December 2021 | 6 replies
Light rehabs with lower holding periods can work at higher all-in %'s since your exposure to risk (via timeline) is reduced and your holding costs are reduced on quicker flips where conversely, you may need more room for a full gut to the studs rehab as your timeline of holding period will be much larger (as well as your risk factors).