Andy Bauman
Wholesaling land with a cemetery?
28 July 2022 | 2 replies
You will also have to work with local authorities and exhume the remains and relocate or determine what needs to be doneTypically you will do a gpr survey to locate all the bodies and then go from there.
Jm McNabb
Is seller financing a safe option
12 April 2020 | 8 replies
Depends on the State Regulations. 6.Seller SecondsThis is a mortgage issued by the seller to the buyer that is placed in a subordinate or second position to an existing first mortgage from a conventional lender; seller second can be a great incentive to buyers; can help them purchase by putting down less cash-leveraging their assets; second mortgages typically carry a higher interest rate than first mortgages, an advantage for the seller over other investment options; a seller second can open new opportunities for buyers in markets where conventional lenders are tightening their loan to value guidelines and buyers need a way to close the resulting financing gap; lenders who want to limit their exposure may agree to a "Combined Loan to Value" guideline that supports a seller second; seller seconds may help buyers reduce their conventional loan needs below the PMI (private mortgage insurance) level, saving significant dollars per month; seller seconds can also help in larger purchases, reducing the amount buyers would need to borrow conventionally, bringing their remaining loan requirement within reduced rate "jumbo" loan territory; some conventional loans prohibit secondary financing; second loans not disclosed to conventional lenders are illegal.sellers granting a second loan must file a lien on the property. 7.Lease with Option and Lease PurchaseA lease with option to purchase is an agreement that the leasing party can buy (or not buy) the property at lease end for an agreed price; a lease purchase agreement, the leasing party commits to purchasing the property immediately at lease end; the owner agrees to apply a portion of the monthly rent payment toward either the buyer's down payment or closing costs at time of purchase.
Jonathan B.
What is your opinion - Commercial loan terms
11 April 2020 | 6 replies
But I expect interest rates to remain low for awhile.
Karen F.
Connecticut landlords essentially just got .... by the governor.
19 July 2020 | 13 replies
The good ones remained on time and the slower ones required the same amount of chasing.
Fletcher Clardy
Buying and Selling Notes
11 April 2020 | 3 replies
To be clear when you purchase a note and mortgage, you’re buying the debt that remains to be paid on the note, which is secured by the asset outlined in the mortgage.
Troy Forney
Retirement plan, all in with real estate or diversified portfolio
11 April 2020 | 7 replies
You could borrow or take a distribution of a portion of the funds to make non-retirement investments and the remaining funds could be used to grow your tax-advantaged accounts with real estate (and other) investments.
Paul Sandhu
Anyone get a side gig because of this crisis?
16 April 2020 | 21 replies
My side gig is rebuilding chainsaws but I haven't done much of that for a couple years now as we're so tied up refurbishing houses.
Bill Krenz
Flipping houses inside self directed Ira
12 April 2020 | 5 replies
All profits remain in the IRA.Third is house the funds you have in the IRA to purchase and renovate the property but you need more that what's in the IRA.
Steve S.
What does it cost you to change locks when turning a rental?
16 April 2020 | 9 replies
$155 4 days Ago in Vegas included picking two front door locks, replacing 3 locks and rekeying 4 Remaining locks.
Kyle Hood
Duplex purchase and resell
11 April 2020 | 0 replies
I was able to take the equity I had (roughly $25K) and pay on another project and then the remaining money ($25K) pay down my mortgage to be the same amount as the purchasor's note.