All Forum Posts by: Eyal Goren

The broker asks for a $500 fee (they say they reserve the right to retain/charge in its discretion, in any non-closing event to cover for its services).

Is it common for a broker to ask a $500 fee out of the EMD in case we back off the offer?

**I understand the need for a fee for all the hard work they're doing - but prefer to have strict numbers and processes

0 Votes

Hi all,

Can someone recommend good, reliable and on time contractors in Indianapolis?

Thanks!

3 Votes

Indianapolis, Indiana

Quote from @Bob Stevens:

Quote from @Eyal Goren:

Quote from @Cade Edwards:

@Eyal Goren Is there a specific market you're looking to invest in?

I'm thinking about Greenville, SC but open to other more cash flowing places.

Do you have a recommendation?

Check out the midwest

Thanks. Any specific metro?

1 Vote

Quote from @Cade Edwards:

@Eyal Goren Is there a specific market you're looking to invest in?

I'm thinking about Greenville, SC but open to other more cash flowing places.

Do you have a recommendation?

1 Vote

Quote from @Laura Marks:

Hello,

PM here! I can't see where you are but I'd love to have a conversation with you on questions that you should be asking, when interviewing a PM company. My business is now mostly referrals but I have owners come to me from here and Google searches. Message me if you'd like to chat.

Would love to chat. I'll message you.

1 Vote

I'm starting out in my real estate investing and I'm looking for a property manager to help managing properties. Up until now, was searching on FB groups.

2 Votes

Quote from @KC Pake:

Quote from @Eyal Goren:

Hi Everyone,

I'm just starting out in my real estate journey & I've compiled a BRRRR checklist, inspired significantly by the wisdom shared right here on this forum. It's designed for efficiency and thoroughness in your real estate ventures.

You can duplicate & modify it.

https://bit.ly/3TCrcHJ

I'd love to hear your thoughts.

Eyal

Eyal,

Your checklist is AWESOME - nice work and thanks for sharing!

R/
KC

Hi KC Pake,
Thanks for the feedback! really hope it helps someone.

Best
Eyal

0 Votes

Quote from @AJ Exner:

Hey @Eyal Goren

It looks really great, thank you for sharing!

I might add on the 'deal sourcing' tab, does that include the full processing time to secure financing as well? I saw the question mark, and being that our firm focuses on that stage, I know the importance on that side of things.

Most of our 'BR'-lenders take 2-4 weeks for processing. So 'sourcing' is one thing, but the actual processing of the loan can add up to another month.

Even on the refinance, that time with appraisals and underwriting and everything, that timeline would probably need to be increased.

Hope that helps tweak it a bit

Thanks @AJ Exner

I had put some time for a hard money lender on cell J12 - did you mean that or something else?

Based on your feedback I increased the time for refinance to 4 weeks - do you think that should be enough?

Thanks for the feedback!

Eyal

0 Votes

Hi Everyone,

You can duplicate & modify it.

https://bit.ly/3TCrcHJ

I'd love to hear your thoughts.

Eyal

1 Vote

Thanks, this is what I'm seeing as well.

0 Votes

All Forum Posts by: Eyal Goren

Eyal Goren has started 14 posts and replied 37 times.

Post: Is it common for a broker to ask a $500 fee in case we back off the offer?

Post: We're looking for contractors in Indianapolis

Post: Out of state investor here. What's the best way to find a property manager?

Post: Out of state investor here. What's the best way to find a property manager?

Post: Out of state investor here. What's the best way to find a property manager?

Post: Out of state investor here. What's the best way to find a property manager?

Post: Sharing my BRRRR checklist

Post: Sharing my BRRRR checklist

Post: Sharing my BRRRR checklist

Post: How should the P&L look like?