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How often does a person in my situation get assisted with buying their first property through a lender?
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I've never done a 1031 exchange before and have a couple basic questions. FYI I am closing on a property soon (I have a LLC) that I may try to immediately resell.
1. Do you need to have held the property for a certa...
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A friend of mine has a 41 unit apt building in Tampa FL. 21 one bedroom and 20 two bedrooms. Was recently in foreclosure. It is currently 50% occupied and some of the units need work. He told me he owes $1,350,000...
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As investors continue along in their careers they begin to find ways to add value to other investors and make money in the process. Most of the more prominent investors at my local REIA give boot camps, offer ebooks, ...
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This is another good short sale article entitled Short Sales Are Hot but They Also Incur Risk, Loss" from Mortgage Servicing News. Requires log-in...but free.
Some good bits:
-400K Short Sales a year. Over half in ...
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I have an opportunity to obtain an 8 unit building where the owner is willing to finance. The building is currently 100% occupied. Here are the numbers:
Purchase Price: 249,900 financed @7% I/O for 30yr term
Gross...
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Do you know what it is?
It is actually quite simple. . . .
The biggest investing mistake you can make in 2010 is to NOT be a BUYER!
So, to avoid this disasterous mistake, get ...
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I have a another beautiful home under contract for a Sub To Agreement. My Purchase price is the remainder of the mortgage. The house is only 8 months old. Needs no repairs. Mortgage + Insurance payments are $930 month...
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I have developed an two part equation to help decide to sell or not. Please comment.1. Is net sales price greater than 10 years net cashflow and principal equity payments? For example, net cashflow of $500 per month a...
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I now have a consideration for house hacking. The reason I'm open to this option is because the market that I reside in is currently above my price point criteria. Question1: Is there a cash flow criteria for house ha...