Deal Shredders LOVED having Luciana in the studio! In this episode Luciana shared with us how she seasoned her apartment and commercial building and raised the CAP rate into its own self-sustaining asset! She also taught us a new acronym TIMMUR. Tune in to hear her story!
A Little Advice from Luciana: Offer low, buy low, make your margins work!
Seller carryback financing is basically when a seller acts as the bank or lender and carries a second mortgage on the subject property, which the buyer pays down each month along with their first mortgage.
Owner financing is a transaction in which a property's seller finances the purchase directly with the person or entity buying it, either in whole or in part. This type of arrangement can be advantageous for both seller and buyer because it eliminates the costs of a bank intermediary.
TIMMUR: An acronym Luciana likes to go by before considering taking on a property.
Taxes
Insurance
Management
Maintenance
Utilities
Reserves
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Kingdom Homes LLC > KingdomH.com
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Email them at > luciana@kingdomh.com
For questions, topic requests, or to be a guest on our show email us at dealshredders@gmail.com, we look forward to hearing from you!
