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2 October 2020 | 5 replies
Sounds like you have a lot of options and a good amount of capital to get started.
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15 June 2018 | 9 replies
Like I said, the Listing Agent has no control and does not even field or have any knowledge of the number or amount of any offers until one is accepted
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15 June 2018 | 1 reply
The $50k should be enough to cover 20% down, closing costs and minor repairs with a small amount left.
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15 June 2018 | 1 reply
My brother lives with me for a discounted rent as he is an artist with a huge amount of school debt.
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19 June 2018 | 8 replies
Most landlords aren't willing, or able, to do this, but in his case, it did save him a considerable amount of money.
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15 June 2018 | 2 replies
The only difference is that usually the farmer lives in the house and when they sell we take the allocation for the amount of the house and yards and the farmer gets that profit tax free from the 121 primary residence exemption.The remainder of the farm land the farmer 1031 exchanges into other investment real estate and defers all tax on the sale.
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15 June 2018 | 0 replies
It's a small amount (less than $30K).
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20 June 2018 | 8 replies
I will likely just adjust the offer to cover the $ amount the seller would receive in rent.There are two factors that concern me in the potential difficulty in getting the tenants to vacate the property, 1 is they are paying very cheap rent for the stats of the home and 2 the grow room obviously was constructed with considerable effort which I anticipate may influence them to dig their heels in and potentially squat illegally.
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28 July 2018 | 21 replies
Market value, what the mortgage originally was for (which was $254K I think)So if nobody is willing to bid that amount they take it back and try REO because of more potential clients, right?
16 June 2018 | 12 replies
And although our numbers are up, it still takes an excessive amount of work to find these opportunities on a consistent basis.Anytime I'm in a rut in my quest for deals, I always remember that thing my parents told me, that so many other kids heard from their parents growing up too: "It's not what you know, it's who you know."