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7 June 2024 | 15 replies
A credible lender will be happy to provide them.Experience: Check how long the lender has been in business and their experience with similar projects.Red Flags:Upfront Fees: Be cautious of lenders asking for substantial upfront fees before any services are rendered.Lack of Transparency: If a lender is not transparent about terms, fees, or the loan process, it’s a red flag.Unrealistic Promises: Beware of lenders promising guaranteed approvals without a proper assessment or offering terms that seem too good to be true.Poor Communication: Difficulty in reaching the lender or getting clear answers can indicate potential issues down the line.By conducting thorough research and due diligence, you can confidently choose a reputable hard money lender that meets your needs.
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7 June 2024 | 21 replies
Think about going to see there office most lenders do the appraisal and when its done they charge you .. they dont have you send the money up front.. but maybe some do.but worse case scenario if they don't fund your only out 950.00 but many do this and also have non refundable EM thinking the deal is going to close and they lose that as well. that's why reputable lenders are very important to keep you from losing 1 to 5k on a fake lender or more and again I have no clue about this company.. just say in how the fake lenders operate and what your risks are
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6 June 2024 | 8 replies
For example, it could be in an undesirable or unsafe location, overpriced relative to the market, managed by a property manager or landlord of poor repute, or be substandard in quality.Nonetheless, if you’re more confident about investing in Chattanooga, there’s no problem with that either—it’s a solid market.
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6 June 2024 | 19 replies
Not only can who you work with impact your bottom line tax-wise, but you want to make sure you work with a reputable firm.
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8 June 2024 | 17 replies
You build a solid reputation as a deal closer, vs someone who bails when their portion of the deal doesn't work out.
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5 June 2024 | 6 replies
Check the city or PD's web site to see if they have a claim form posted.
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9 June 2024 | 40 replies
I would start with maybe 300k and buy a house for LTR in a nice location, Get a reputed PM who can rent out, attend REI meetings and meet similar wealthy individuals and get the cue from them ..but that is just my thought
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5 June 2024 | 10 replies
Licensing --- Most reputable lenders regardless of whether they only do private money loans or not will have some sort of licensing 2.
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4 June 2024 | 7 replies
I am looking to educate myself on the eviction process and find legal help that is reputable and experienced with this process.
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9 June 2024 | 36 replies
Because of all these opinions on BP "wholesaling" has a horrible reputation.