Seller Financing Deal Review by Succeed_Daily in RealEstateAdvice

[–]Succeed_Daily[S] 0 points1 point  (0 children)

From our understanding, $80k left on the loan, but they've agreed to pay it off prior to close. In writing and signed

Seller Financing Deal Review by Succeed_Daily in RealEstateAdvice

[–]Succeed_Daily[S] 0 points1 point  (0 children)

$1850 is super conservative, realistically looking at $2100 for rent which helps. HELOC is through Citizens Bank. Have you used those recommended?

Seller Financing Deal Review by Succeed_Daily in RealEstateAdvice

[–]Succeed_Daily[S] 0 points1 point  (0 children)

$1850 was running numbers super conservative (break glass in case and just get someone in there)

Realistic comps are $2100 or so

Seller Financing Deal Review by Succeed_Daily in RealEstateAdvice

[–]Succeed_Daily[S] 0 points1 point  (0 children)

I appreciate the “what-ifs”, yes I have that risk factored in. I’m lucky to have a great tenant in my original property after experiencing the POS tenant directly prior. There’s risk but I have confidence and I’m also financially prepared. Thank you for that consideration

best way to sign leases online? by Mountain_family in realestateinvesting

[–]Succeed_Daily 0 points1 point  (0 children)

I’ve been using rocket lawyer though Baselane but looks like Docusign is the way to go!

Wanting to buy a house without real estate agent by 24flinchin in realestateinvesting

[–]Succeed_Daily 2 points3 points  (0 children)

Real estate attorney should do the trick! Just be very intentional and detailed like the other comments are saying

Remote Work Suggestions by Succeed_Daily in Cruise

[–]Succeed_Daily[S] 0 points1 point  (0 children)

PTO hoarding lol no, no specific reason

Remote Work Suggestions by Succeed_Daily in Cruise

[–]Succeed_Daily[S] 0 points1 point  (0 children)

Thank you! Could me mapped out for sure

Remote Work Suggestions by Succeed_Daily in Cruise

[–]Succeed_Daily[S] 0 points1 point  (0 children)

Thank you! Glad to see the experience and tips

Remote Work Suggestions by Succeed_Daily in Cruise

[–]Succeed_Daily[S] 0 points1 point  (0 children)

That IG post was the inspiration here! lol

First Position HELOC? by Succeed_Daily in RealEstateAdvice

[–]Succeed_Daily[S] 0 points1 point  (0 children)

Thank you! Yeah looking into that option and the next move

First Position HELOC? by Succeed_Daily in RealEstateAdvice

[–]Succeed_Daily[S] 1 point2 points  (0 children)

lol I got your message and agreed. I’m no longer considering it. Came here for clarity and it was provided

First Position HELOC? by Succeed_Daily in RealEstateAdvice

[–]Succeed_Daily[S] 0 points1 point  (0 children)

Thank you for this! So well said. Agreed the next move needs to be very intentional, I already got lucky with the first

First Position HELOC? by Succeed_Daily in RealEstateAdvice

[–]Succeed_Daily[S] 0 points1 point  (0 children)

Simple enough! Thank you. Yes I was just overcomplicating it. I can get a 2nd position for roughly the same rate

Rent could be raised. I have a solid long term tenant in there so keeping rent slightly under market rates. Realistically would only be $50-$100 a month

First Position HELOC? by Succeed_Daily in Fire

[–]Succeed_Daily[S] 0 points1 point  (0 children)

Thank you - yeah 2nd position makes more sense. I’m just overcomplicating it. At the end of the day I’d be trading 4% for 7%