All Forum Posts by: Corazon B.
Corazon B. has started 12 posts and replied 48 times.
Does the open insurance claim mean I have to work with the seller's insurance company? Or that I have to continue working with the contractor that the seller had hired to fix the roof?
Quote from @Jonathan Greene:
When you are a newer investor and you see a deal on the MLS that has been sitting for a while and looks too good to be true, it always is. As others said, the disclosure is key, but if it's been on the market for 30 days or more it means that all of the experienced investors in your area have seen it and passed so you should too.
You have a point there, but maybe it is possible that the experienced investors have higher standards of what they want in ROI than a beginner investor? Maybe they are not willing to settle for anything less than 10% cash on cash return? 😪
Yea definitely gotta make sure that with the roof responsibility, that the ROI will still be good or at least decent...also by the way, they are only asking for cash , no loans...
Thanks guys 🙏 Great advice here!
I am checking out this house I found in mls , year built was 2017 and it is being sold for a slightly below market value price , something scares me about it though ….i saw “This home currently has an open insurance claim with an open roof permit, and lien for the roof. The open claim, permit, and any liens will be assumed by the buyer at closing.” Does this mean that there is debt in the roof and it is possible that the house can be taken away if not solved? Is this a red flag? 🚩
Has anyone here ever sold some of their bitcoin to buy some real estate? How was your experience and did you have any regrets at all? 🤔
@Adam Bartomeo sent you a message 😎
Do you guys think this is a lousy deal? I'm looking to pay cash for the property and I'm hoping to get good CoC ROI, but doesn't look like it. :( The annualized return is way worse than the S&P 500 😪🤒 Maybe Florida is overpriced right now
This is one of the condos shared with me by my real estate agent, I used the BP rental calculator:
Post: Should an investment property lease have the personal name or the LLC as the landlord
- Posts 49
- Votes 3
Quote from @Sofia De Santos Tavarez:
Hi, my husband and I are new to real estate investing and have a property we are renting out to tenants. We recently put the house under an LLC but are not sure if the lease should reflect the LLC as the landlord or keep our names. Any help would be appreciated. Thank you!
Sofia, when you said you put the house under an LLC, do you mean that when you purchased the house, in the contract, instead of putting your name, you put the name of your LLC?
It is nice but I wish they have another pricing option maybe $19.99 per month to those who are not going to use every single feature