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All Forum Posts by: LaMancha Sims

LaMancha Sims has started 65 posts and replied 104 times.

Multi-Family and Apartment Investing

Post: Creative financing or JV

LaMancha SimsPosted
  • Investor
  • Atlanta, GA
  • Posts 129
  • Votes 29

Monique,

You should try the creative route first before you think about partnering with anyone. Partnership are hard and if not done properly and legally can cause a lot of issues in the long run. There are a lot of ways to get a "Good" deal done creatively without partners. 

0 Votes
Starting Out

Post: High Closing Cost - Anny Suggestions?

LaMancha SimsPosted
  • Investor
  • Atlanta, GA
  • Posts 129
  • Votes 29

Next time, negotiate any and all fees when you get your "Term Sheet" to review and sign. That way there are no surprises about how much cost(s) are prior to closing. This will ensure that your long term profits margins are where you need them to be as it relates to the loan part of the deal. Also, make sure that you get your own attorney to help you work thru these types of transactions. Real Estate investing takes a team effort to win. 

1 Vote
Marketing Your Property

Post: Skip Trace Service Company

LaMancha SimsPosted
  • Investor
  • Atlanta, GA
  • Posts 129
  • Votes 29

Has anyone used Ididata (IdiCore), skip trace services before? The company is located in Boca Raton, FL. If so, I would like to get some feedback on your experience with them. 



1 Vote
Starting Out

Post: Straightline Funding (transactional funding)

LaMancha SimsPosted
  • Investor
  • Atlanta, GA
  • Posts 129
  • Votes 29
Nick, did you use Straightline Funding to facilitate your transactions? I am considering them as well, so any information you can share is appreciated.

Thanks.
0 Votes