14 October 2021 | 7 replies
I leave this as an exercise but will say my worst appreciating San Diego property has appreciated over $2k/month over its hold period.
14 October 2021 | 33 replies
It also has some stuff about a "protection period" basically stating after the contract ends if myself or a family member purchases property from the broker I will be held responsible for the fees the broker was originally entitled to.
12 October 2021 | 0 replies
I'm looking to refine how I'm managing my STR in Lake Arrowhead, and I feel like I'm looking for the holy grail - namely, a reliable, efficient team of partners I can rely on (cleaner, handyman, snow clearing, and general "can't open the door" assistance).
13 October 2021 | 2 replies
Sometimes there will also be supplemental tax bills due during your holding period, so check with the tax collector in your area.
13 October 2021 | 2 replies
Some examples I can think of are:a) Fixed interest paid back - If I loan 15k, and we agree on say 5% fixed interest over a period of time.b) % interest paid back on resale of home - if/when I resell, depending on the appreciation % of the place I buy, I pay the same % back in terms of interest on the loan.What does everyone think of these?
7 November 2021 | 7 replies
If you are going to keep this CT property for a long period of time, and the fixed-rate loan lets you cashflow your target amount it will not matter 10 years from now you paid 10,000-20,000 over what you think it was worth.
14 October 2021 | 8 replies
@Tucker CummingsI would contribute up to the match and take the instant returns, assuming it isn’t some crazy vesting period.
15 October 2021 | 4 replies
Next time during the inspection period you see that, you know to negotiate 7k less so you can install another HVAC system.
13 October 2021 | 3 replies
Appraisers are generally unwilling to assign higher value beyond proven rehab expenses over short periods of time.
26 October 2021 | 11 replies
This includes a 4-month workout period with the borrower.