11 December 2024 | 4 replies
If we find damages, we withhold the necessary amount from the security deposit to cover repair or replacement costs.
11 December 2024 | 35 replies
The price of homes may be lower out of state but the down payment becomes much more plus the cost of having boots on the ground
10 December 2024 | 100 replies
Ignore the noise of higher cost = higher value or lower cost = low value.
11 December 2024 | 68 replies
It is no cost to you but a few hours a week.
10 December 2024 | 8 replies
My only cash investment would be the 10-15k of closing costs as of right now.
10 December 2024 | 5 replies
Quote from @Hector Espinosa: Hi,I'm negotiating a seller financing deal which may be my first one and would like to ask for some advise about and what are advantages and disadvantages about seller financing deals.These are the seller financing terms:House Price: $330,000.00 USD (Sellers still owe ~$301,000 USD)Down Payment: 5% = $16,500 USDLoan Amount: $313, 500 (Monthly payments will be amortized as a 30 years loan)Interest Rate: 4.531%Balloon Loan Term: 5 YearsMonthly Payment (P&I): $1,594.24Closing Costs: ~$3300 Zip Code: 74105Observations: * HVAC requires an update but pending to inspection (replacing with a new one will cost ~$10,000 - $15,000 USD ) * Expected Rent Income: $2,000- $2,300 but this is has been really complicated to get a good estimate because is all over the place in the different sites I have checked
11 December 2024 | 34 replies
Quote from @Issa Joseph: The cost for the education and the year on mentorship is $8000 if you make 2 payments or $9000 if you pay in 3 payments. they have a guarantee that your units will outperform all other competitors in a set square mile radius of your property.
11 December 2024 | 5 replies
If not, then the seller has to make sure they pay all of the costs associated with breaking their contract with the PM.
11 December 2024 | 15 replies
If you go out of your way to jump through all the hoops, all you can claim is 60% of cost segregation benefits.
11 December 2024 | 1 reply
$1,200,000 purchase price and the balance for closing costs, repairs and reserves.There are ways to obtain financing in Mexico, but most sellers are expecting cash deals.