Rashid Khalil
Lien Off using a bond
3 March 2024 | 20 replies
But hey, who knows give it a try. to clarify my question, i am the buyer, solar panels are on the property, and back payment is due, but the company refuses to accept the arrears rather than demanding full payment of 35k, title transfer requires to clear the lien, seller won't do that as there is no equity in the house for them so property will end in foreclosure, if i bond the lien and free the property, then I can buy the asset, transfer the tile, i can negotiate or fight with solar company as time will be on my side then. my question was the surety bond that i am using to bond off the lien can be freed if i could transfer the lien back to use after title transfer to free my cash, hopefully less fraudulent now after the details.
Chris Seveney
This is the VERY FIRST thing to do before you consider investing in a Syndication
3 March 2024 | 1 reply
SEC Form D Filings and Blue Sky Filing Requirements for Reg D Offerings | SyndicationAttorneys.com
Alecia Loveless
To ADU or not to ADU
3 March 2024 | 3 replies
Other options might require you to pay additional gains on your income if not tax advantaged through real estate so having a tax strategy could also come into play in this decision vs straight cash on cash.
Jacob Lopez
Running Cash Flow #s by the Four Square Method - Deal or Bust?
2 March 2024 | 16 replies
As for your recommendation, saving up money, minimizing almost all of my costs, and working multiple jobs has been my mojo for quite some time now and I am simply preparing for the time to find a decent property in a decent area to invest in.
Les Z.
looking to buy rental property in any state - 100k down, traditional financing
5 March 2024 | 28 replies
If you see big numbers in a true metro area it generally means that property is going to require a bit more attention (D class)
Abby Flynn
Looking for a mentor in NJ!
3 March 2024 | 7 replies
All that being said, anything with <20% down is going to require owner occupation...
Emily Anderson
Full STR analysis in Okaloosa Island, Florida, WITHOUT using AirDNA.
4 March 2024 | 18 replies
For further details on this parameter, please consult our user guide.We have allocated a budget of $15,000 for renovations / refurbishments.The purchase price of a 2-bedroom / 2-bathroom unit in this area is $498,000, with 5% of this price allocated for closing costs.A turnover cost of $175 per booking has been factored in, with no rental management fee assumed, indicating that you will manage bookings and cleaning services independently.The mortgage rate is set at a fixed 7% per year, with an 80% loan-to-value ratio (LTV) and a 20-year term.For the remaining parameters in our financial model, please refer to the image above.Taking these values into account, below are the results of the financial case study.Some insights:The results show the anticipated performance of a 2-bedroom / 2-bathroom unit in the southwestern area of Okaloosa Island, Florida.Expected gross revenue amounts to $78,240, derived from 47 bookings with an average stay of 5 days at an average daily rate of $325 (inclusive of cleaning fees).Total yearly expenses add up to $68,014, encompassing various costs from private mortgage insurance (PMI) to property taxes and annual loan repayments.The cash required for this deal totals $139,550, incorporating the 20% down payment for the mortgage, 5% closing costs, and the $15,000 renovations budget.Pre-tax net revenue stands at $10,226, representing a 7.33% cash-on-cash (CoC) return.The annual return on investment (ROI) is 1.9%, excluding value appreciation.
Ryan Leake
Trying to make sense of residential STR regulations in Austin, TX? Here's what I know
2 March 2024 | 3 replies
STR licensing requirement in Austin:Owners of STRs are required to obtain an operating license annually.
Patrick Laffey
Tenants wants to add 3rd tenant to 1br unit
2 March 2024 | 2 replies
I agree with BillB. in addition to, you must include in your new lease a requirement for additional tenants.
Dustin Sanders
Where do I start with no capital?
1 March 2024 | 16 replies
@Dustin Sanders It is possible to find owner financed deals and you MIGHT be able to even find some that require no money down.