
14 October 2021 | 11 replies
There are bigger wholesale companies like NWA (not in AL) that provide a larger number of deals as well.

8 September 2021 | 3 replies
You need to provide: your middle mortgage FICO or if you don't know it an accurate statement as to your credit; what is the NET income on your 2020 2019 IRS returns; W-2 years on job or 1099 income numbers; property type -units - location - condition; current value; what you purchase for; loan amount you want; the vesting; goals.

22 September 2021 | 14 replies
I recommend keeping a minimum reserve for each property (mine is $10k/door) to ensure you can cover most "surprise" expenses and larger capex when they arrive.

15 September 2021 | 5 replies
PMs are great if you're running a larger (5+ doors) portfolio, in a similar area, and have "lived" self-management long enough that you know you're no good at creating standard operating procedures or farming out the work directly.

16 September 2021 | 8 replies
You can get a decent loan using your bank statements as 'proof of income', a must for the self-employed.

8 September 2021 | 1 reply
Currently, I have access and have completed some of the Adventures in Commercial Real Estate Accelerator Program, an extensive real estate financial modeling course, covering topics and modeling such as direct cap, key risk/return metrics, income statements (retail, hotel, office, multifamily, industrial), leases, waterfall models, acquisitions/development models, etc.

10 September 2021 | 3 replies
So make sure that your HML will lend you 75% if it's NOT your first deal or if it's in a larger city.

9 September 2021 | 8 replies
There's also ways to make allowances for houses that are slightly larger or smaller than yours or in slightly better or worse areas if there's no great comparable sold properties in your area.
9 September 2021 | 8 replies
Even then he asked and I referred him to the addendum that had that statement.

18 January 2022 | 31 replies
I am paying anywhere from 500 to 750 and that's for duplexes and larger multifamilies.