All Forum Posts by: Nick Kossey

In FL, I used The CE Shop for both the pre-licensing and continuing education. it's pretty affordable and I did mine on my own time on a tablet (I didn't buy anything extra i.e. books, etc.). It's very informational, interactive, and representative of the State Exam. I also used them for the VA license with the same results.

 Beat me to the post.. This is also a very good route..

I guess this is a good problem to have.. A house, off-market for a good price is usually a good thing. But, as I've learned in real estate, there is never a "normal' transaction it seems.

Since your aunt owns it free and clear (I would recommend title work to verify this, i.e. no mechanics liens etc..), then it seems Seller Financing would be the most logical and simple route. This allows you to basically write what you want as terms and have contingencies in the event of a disaster. If you began work on the property, while paying the holding costs, that could be considered payments towards the final purchase price or keep it on terms until/ if you refinance out of the terms. 

Of course, it depends on her needs, but it could be beneficial for her tax / income purposes if she discussed it with her financial planner (I'm not a CPA).

The possibilities are pretty much endless with seller financing, to make it exactly how you both want. Get everything written up by an attorney and ratified. Or you can do the legwork with input and have the attorney just do a review. 

Not the end all be all ironclad answer, but I hope I provided some value and that this assists you in your new venture!

My brother and I use Steadily for our rental property insurance. Currently we only have Annual tenants (not STR or MTR) and they seem like a good company. I don't know if they have a business relationship with BP (like sponsorship), but I learned about them from the BP episodes. They specialize in rental properties, so they do STR and MTR as well (unlike a lot of the big box names..)

hope this helps.

I've had traction with meeting local commercial brokers with strong community ties. I did this by looking on the listing services for commercial (Crexi, Loopnet, etc.) and looked into local properties. Since there is only the "listing agent" I found it easy to locate one who has a lot of offerings. This let me know that she was a trusted go-to for the local owners. I reached out to her, met with her and just went from there. Let them know what your situation is and build that relationship. Commercial is a very broad asset class (Retail, Multi-family, Office, etc.), so if you find some brokers work more in your preferred subset of commercial, talk with them. 

Kinda broad answer, but I hope it helps.

The Pro membership gives access to the calculators, as well as a lot of other features. My brother and I were having this same debate, weighing the pros and cons. We decided to get the pro, for our investment business, and it has been phenomenal. The sheer number of properties analyzed has made it worthwhile in and of itself. Networking on here has also been instrumental in business development.