All Forum Posts by: Grigory Pekarsky

When it comes to becoming a hard money lender in Florida, there are some things that you have to do right off the bat before anything else. It's important that you have an LLC or Corporation set up because of tax purposes and liability reasons, as well as having appropriate licenses depending on where your business is located at. If you're unsure about what kind of licenses or permits are necessary, then consult with an attorney first. Once everything has been taken care of, this is when you can actually get your business up and running. It's important that you have certain things in place so that if someone were to come to you for a loan, they would be able to get enough information from you to make their own decisions on whether or not they want to do business with you. So what are some of the things that potential clients will look for when going through lenders? Well, there are a lot but we'll just go over a few in the interest of time: having testimonials from past clients online and offline depending on which platform works best for them, licensing information easily accessible, etc.

One of the most common issues with basements is that they are either illegal or not up to code. If you live in Chicago, this can pose some problems as it's one of the stricter cities when it comes to housing laws and regulations. Fortunately, there are a few ways that you can make your basement unit legal and safe. According to the City of Chicago, "All dwelling units must have either 1) one or more windows that face directly to the outside, and/or 2) a door that leads directly from the unit to a balcony" (this is assuming your basement is not connected with an above-ground entrance). This means you will need to make sure your current home has enough space for this type of entry. If you plan on adding a window or door to your basement unit, be aware that this would add additional costs.

The best way to finance furniture for a short term or vacation rental is by using an online peer-to-peer lending platform. This option offers lower interest rates than traditional financing and has flexible terms which make it the ideal choice for financing your furniture needs. Whether you need to furnish a new property, update existing furnishings, or simply replace worn out items; you can find the best possible funding options that fit your specific situation.

The use of peer-to-peer lending platforms  offer borrowers:

• Lower interest rates than traditional financing (5% – 36%)

• Flexible repayment terms (3 months – 5 years)

• Funding in as little as 2 days

Here's an example of how peer-to-peer lending can help you: Let's say that you want to finance a $10,000 sofa and arm chair package for your new home. In the past, this might have been a several month process as you set up furniture financing through a local bank or other traditional lender. Today, however, with the use of lending platforms as a funding source you could have those same pieces of furniture delivered in as little as 48 hours from submitting your loan request. 

A condo conversion for 2-unit new construction is a great way to increase the value of your property. It also adds an extra unit that can be rented out, providing income and monthly revenue. However, there are many factors that need to be considered when deciding if this type of project is right for you or not. Here's what you should know before taking on this challenge:
- Decide if it will work with your current zoning laws in your area;
- Understand how the process works so you don't get stuck in limbo with no idea where to go next; and
- Make sure your finances are ready because this could add onto any other projects currently going on at home.

One way that you can try and convince them that they are overvaluing their property would be by showing them comparable properties in their area. You could also offer to have your potential buyer sign an agreement where they agree not to buy the property for less than what you think it should be worth, so if the seller won't budge on price, then the deal will fall through. Other ways include comparing other houses in similar neighborhoods or offering incentives such as paying closing costs or even asking your potential buyer if they are willing to pay above market value for the home.

Billing out electricity when you have solar panels is not as easy as it sounds. There are many things that go into billing out your electricity, which can be difficult to keep up with if you don't know what exactly needs to happen. This blog post will help you understand how to bill out your electricity after having solar panels installed on your home so that everything runs smoothly and there are no misunderstandings between yourself and the utility company.

There are three different ways that your solar panels can generate electricity, which all work very differently. Those three different methods are the direct current method, the alternating current method, and the grid intertie inverter method. Most homes will be using one of these three methods to bill out their electricity so it's helpful to understand how each one works individually.

The Direct Current Method: This method is also known as stand-alone mode or net metering mode. This means that you have no backup power source other than what your solar panels provide for your home. The meter on this house essentially runs in reverse during daylight hours when there is no need for power from the utility company; running backward at roughly four watts per hour.

The alternating current method is another type of electricity. This is also known as grid-tied mode. This method sends the excess solar power to the utility company through your meter; turning it in a forward motion, generating credits for home.

The third and final type of electricity is the most common among homeowners. It's called the two-way power method. This system works by sending any extra energy that is produced from your solar panels directly to your appliances at home during daylight hours while receiving new energy from the utility company when needed. When you reach that point where you are using more electricity than what your solar panels are providing, only then will the electric utility company come in with their own source of power to feed you until there is more sunlight being produced by solar panels throughout your home again.

In order to present your opportunity offer professionally and with clarity so that investors know exactly what they're getting into before they commit any time or money, you need to consider why people invest in real estate - because it provides a stable income with low risk. That means making sure your proposal meets those needs as well as highlighting their value proposition over others on the market is key. Your opening statement should not only intrigue investors but also show them what they're missing out on by not investing with you. Use Rehab calculator under tools on bigger pockets.

Hint at the bigger picture and that is what you want to do: keep investors interested and excited about your project. This opener also does a good job of keeping you in the investor's mind: "You'll be well on your way to an assembly line process when rehabbing properties." Using this opening, we've created a hook that doesn't necessarily give too much away but instead raises awareness and continues to build motivation throughout the story. It could even spark interest from other investors who see it. As long as we can turn them into clients or partners, that's perfect

It's difficult to find the perfect partner for your real estate investing business. You want someone who is qualified, reliable and trustworthy. But most importantly you need someone with the same goals as you. If you're looking for a partner in crime let me tell you about how I structure my partnerships:

No Attorneys Necessary – Everyone knows the legalities of real estate investing can be complex if you don't have an attorney on retainer. By structuring your partnership agreement yourself it saves money by not having to hire an attorney. Not to mention, if you're doing things for investment purposes anyway it shouldn't take long to type out a simple partnership agreement between just the two of you or other partners involved.

Set Your Expectations From Day 1 – When you start working together you should immediately talk about expectations so that everyone would be on the same page. If your real estate partner, for example, is expecting to use your connections to flip properties but you're not interested in flipping at this time it's important that everyone knows up front. That way nothing will be miscommunicated later on down the road.

Make An Agreement On Splitting Expenses And Profit – You should agree early on how expenses are going to split and where the profit goes so there are no misunderstandings further down the line. This assumes both partners have skin in the game, which means they have cash put into the deal or money tied up in some other way. If one party doesn't have anything invested then they won't share in any profits or expenses because they don't have "skin" in the game.

Keep Track Of What is working and not. – If you're coming into the business as a silent partner and not doing much work then it's easy to just take your regular paycheck and leave. However, if you're actively working in the business then you'll know what is and isn't working for them. That's why it's important to be actively involved so you know how profitable things are.

Be Respectful – If you don't respect or appreciate each other as individuals then this likely won't work out long term. It shouldn't matter if one person has more money than the other because that shouldn't determine how much you value someone else's the opinion/work ethic/etc.

The appraisal process can be a lengthy one. It often takes weeks or months to go through the process, but with some help from the right people, it doesn't have to take nearly as long. The key is finding an appraiser who will work quickly and not get bogged down in minutiae. To find an appraiser that will meet your needs, consider searching for someone who is familiar with your type of property: If you need a single-family home appraisal, find an appraiser who has done many single-family home appraisals and has completed them in a timely manner. The same holds true for commercial real estate – if you want to get the best service and most accurate appraisal, hire someone with experience in that particular kind of property. There are different considerations when performing an appraisal for high-rise buildings versus warehouses, so keep this in mind while hiring someone to do this job. Property type will greatly impact the cost of the appraisal as well, so it's important to consider all costs related to getting your appraisal done before agreeing on any price quotes from competing companies.

The right CPA can be the key to your success. Finding one, however, is challenging. There are so many options out there that you might not know where to start. In order to find a CPA that's worth your time and money:

-Look at their LinkedIn page and see if they have any certifications or achievements in accounting or taxes.

-Check with other clients about what they think of the CPA's work.

-Talk to them about their experience working with this particular company and ask them what sets it apart from others in the industry.

-Figure out if they have an expertise in something specific like bookkeeping, taxes, or accounting procedures and then look into those areas more closely.

-Be sure to ask them how they will be able to help you and what makes them different from other CPAs. This is a good way of finding out which one will best suit your needs. It's also important to see if their background matches up with the type of company that you have. There are many ways this question can be answered, but make sure you get some advice on choosing an accountant for your business.

Some questions you might consider asking are:
How did you become interested in accounting?
How does your experience match with my business needs?
What do you think distinguishes our CPA firm from others like it?
What particular industry experience would benefit me?
Which industries or companies do you regularly work with?