While I'm new to the asset class, here's what I have learned:-due diligence: In addition to what you listed above, find a licensed marine contractor to look at docks and seawalls if you have them.

While the new deed is held in escrow, and a memorandum has been filed for the contract,  this ensures no further liens can taken out of the property in the meantime, in addition to securing the sell.

***My Out of Pocket $36,909.07Option Fee To Me $20,000.00My Adjusted Out of Pocket $16,909.07******My Cash Flow * $ 982.00 monthly**So, I sold it for $20,000 more than street value, I get tax write offs, I got $20,000 back immediately as an Option fee, I cash flow at $982.00 a month and if they exercise their Option, I’ll get $146,854.63 (minus the $20,000 Option fee) equals $126,854.63 cash along with any pay down during their Option period.

***My Out of Pocket $36,909.07Option Fee To Me $20,000.00My Adjusted Out of Pocket $16,909.07******My Cash Flow * $ 982.00 monthly**So, I sold it for $20,000 more than street value, I get tax write offs, I got $20,000 back immediately as an Option fee, I cash flow at $982.00 a month and if they exercise their Option, I’ll get $146,854.63 (minus the $20,000 Option fee) equals $126,854.63 cash along with any pay down during their Option period.

Wander has been pretty persistent about trying to get me to list my FL oceanfront beach villa on their platform with their newer Wander Listed program. The fees are 8% and this would just be an added channel to comple...

Raphael’s from New York and just getting started building his portfolio as we focus on investing down South.Outside of real estate, we love exercising, traveling, cooking, and spending time with family and friends.

My ex-spouse is exercising her right to list our home (my daughter and I live here) for sale per our settlement agreement.

Hi Bigger Pockets Crew, I need some advice on how to make my next move. I own a 2 door property that has about 200-250k in equity. I owe about $200k and it is worth between $400 and $475k. I really want to buy another...

If the Tenant Buyer walks away from the deal I get to keep his Option payment, since it is non-refundable and I sell to another Tenant Buyer and get another Option Payment usually about $20k to $25k.I encourage buyers to get qualified for financing, give them a mortgage broker contact and to plan their lifestyle to be able to get a loan to exercise the Option.

My background is in construction management and I have experience in contributing to estimating exercises in commercial construction projects (life science, Pharmaceutical, Higher Education, Office, Lab, Classroom, etc.)