All Forum Posts by: Frank Hinck

@Karl Dela Cruz

Also looking at rents in different neighborhoods for SFH, MF apts, commercial spaces. So when you're ready to buy and have opportunities presented you're able to make a quick analysis.

@Andy Whitcomb

Once you pull that info together 1x which would be on you to compile, them doing the App is fairly rinse&repeat, yes a CPA not a VA would be the right person. It's all about your time & value vs the CPA hourly cost.

@Andy Whitcomb

Perhaps investing time in deeper relationships with 3-4 mortgage bankers, instead of paying a CPA or VA to fill out loan apps with random banks?

@Liam Galbraith

(Not a lawyer/cpa). I’ve always operated they A promissory note is a business loan, not a gift. Some 14 states have regulations on business loans. Definitely get an experienced RE attorney to structure this. Pay the lawyer now... or pay the lawyer later 😉

@Trevor Miller

Hi Trevor, I’ll send you a DM, we invest in light industrial like what you’re looking at.

@Ronald P.

Don’t need a license to wholesale, can make it messier in some states with disclosing.

Keller Williams is a good 1st training outfit, then transition to EXP for lower feels. Wouldn’t share on the wholesaling desire, they might not like that

@Jacob Kinneman

We buy. Also Facebook groups: Twin Cities Buy/Sell is a good one.

@Jasmine Wilkes

Sell it and buy smart into 4-5 properties, keep as rentals, or sell & use to start a flipping or wholesale business. Or keep it and cash out Refinace it with a local bank on 70% LTV and take the cash and invest in 2-3 properties. or sell and 1031 Deferred Tax Exchange into a larger multifamily or syndication.

@Brian Paine

It’s not taking into account the increases in market rent, or property appreciation. Some sell after 5-7, some so sell and/or 1031 - some refinance (a 2nd time) to pull out equity.

@Jenna Walker

Seller Finance, FSBO, wrap the mortgage, many options