Seller wants a written promise I refinance within 24 months
FHA loan, $265k balance at 3.25%, payment $1,870 with taxes and insurance. Seller is relocating and her loan officer is counting that full payment against her debt-to-income, so s…
All 132 real estate strategies.Every room answered.
Start with a RE category
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someone asked, the room worked it out
FHA loan, $265k balance at 3.25%, payment $1,870 with taxes and insurance. Seller is relocating and her loan officer is counting that full payment against her debt-to-income, so s…
I've been reading in this room and in the capital section, and the phrase that keeps coming up is that seller financing is taking off because rates are high. Makes sense on paper.…
Looking at a small 6,000 sf urgent care building, asking $2.4m. The broker's flyer says NNN lease, and I thought that meant the tenant pays everything and I basically just collect…
Trying to work out which side of this business fits me and I keep hitting the commission math. The pitch I hear from sellers is that if the listing agent finds the buyer, everyone…
I do HVAC work and one of my regular customers owns maybe fifteen rentals. He said he'd pay me $7,000 a house if I brought him ones he ended up buying, since I'm in basements all…
I'm reading the paperwork on a licensed 6-bed home before I get too far in. The residents sign a "residency agreement," 30 days termination either side, and there's a separate rat…
I build, mostly framing and additions, and I'm starting to look at the sell side because I want to understand who I'm handing my houses to. An agent sent me a listing agreement to…
Situation I'm sitting in. I have a property listed with a small brokerage, four agents total. A buyer walked in off a sign call and one of the other agents at the firm wants to wr…
Borrower wants 140k on a 200k ARV, 30k rehab, and the purchase agreement is with an estate. The daughter signed as the one handling everything, and from the paperwork it looks lik…
I've been reading through announced office-to-residential projects and the ones that actually reached a closing almost all have some conversion-specific tax program, an abatement,…
The deck for a 180 unit deal I'm looking at says "8% preferred return, then 70/30 split." A friend who owns bonds told me the pref works like a coupon, so I'd get 8 percent a year…
Working through a structure I've read about in a couple of places and don't fully follow. A building with 4,000 sf of ground-floor retail and twelve apartments above gets condomin…
Looking at a select service property where the P&L looks clean until you get to the segmentation report. Two crew contracts, both energy sector, are 41% of room nights at a negoti…
I'm looking at a 180 unit garden style deal, roughly 42 million total cost, 68 percent LTC construction debt, 24 month build plus 12 to stabilize. Trended rents are the whole ball…
An owner I've been talking with has a 42,000 rentable square foot facility, about 310 units, grossing roughly $560k. He's decided he wants out of the day-to-day and asked me to re…
I look at loans more than listings, and something came up on a file that I don't understand. The marketing package on a rural property included aerial video and the broker treated…
Detached 780 sq ft, permitted, separately metered, own address, currently leased at $1,850. All in around $190,000 including the site work. Went for a cash-out refinance and the a…
City wants a performance guarantee for the public improvements before they'll let me record the plat. Engineer's approved cost is $3.4M, they require 125 percent, so a $4.25M inst…
There's a house two streets over from my first rental listed at $130k that needs new roof, kitchen, and floors. My agent thinks $30k of work and says it would appraise around $200…
I'm looking at selling the shop building my crew works out of and leasing something cheaper across town. Free and clear, no mortgage. The buyer who's most interested runs a simila…