31 May 2019 | 5 replies
What made them call you - what kind of repairs are NEEDED - so on and so forth....By the end of the meeting, you both will have "itemized" the areas that need work, and that gives you a jumping off point with how low THEY are willing to sell for, and how justified you are when you give them an idea of how much you'd buy for...The BP podcasts with Michael Quarles was great with this - He was on episode 77 where he discusses talking with these potential sellers with some finesse...He also was on episode 81 speaking more to marketing strategies as a whole.
29 May 2019 | 8 replies
Fees should be clearly stated, easy to understand, and justifiable.
2 June 2019 | 12 replies
So, you can see it doesn't fit into the 1%, 2% rules.
27 June 2019 | 13 replies
@Shavar Golden when you purchased your first multifamily, did it cashflowed with you living in it or did you justify your purchase knowing it will cash flow when you leave?
30 May 2019 | 5 replies
Even though this might not technically be against the rules some might think it goes against the spirit of the rules (in my opinion) I am sure there are loan officers who will have a different take but truly the devils in the details.
31 January 2021 | 68 replies
Remember the 50% rule.
29 May 2019 | 1 reply
How can I find the rules for Surplus ( Overages) in Tn
29 May 2019 | 1 reply
You'd need an ARV of ~$665k to hit the 70% rule.
30 May 2019 | 4 replies
@Benjamin RichardsInterest tracing rules govern.
20 August 2019 | 16 replies
Fees should be clearly stated, easy to understand, and justifiable.