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22 July 2024 | 24 replies
But I guarantee that good deals are out there.
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20 July 2024 | 5 replies
DSCR loans DO look at your personal credit, as most of them still require a personal guarantee even if closing in an LLC.
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20 July 2024 | 9 replies
Anything that is almost guaranteed to be used daily in your rentals (i.e. couches, bed, chairs), I'd try to invest in as much quality as you can for those specific items.Some store sites will let you filter for "contract grade" or "commercial grade" items - these are the sorts of furnishing that get put into higher-use commercial applications such as hotel lobbies, apartment building amenity spaces, etc.
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20 July 2024 | 14 replies
A lot of the investors that I work with will get all of their properties Section 8 approved, which guarantees the rent at a higher rate than you could normally get for it.
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21 July 2024 | 64 replies
Check out Antoine Martel, he has a software and coaching program called Flip System where they hand hold beginner real estate investors through the turnkey process they have completed over 1000 times.The process is typically stressful, teams on the ground are hard to assemble, there are many simultaneous moving parts, and time and capital invested isn't guaranteed to generate a return.
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20 July 2024 | 10 replies
There are some lenders that if an LLC is used say they won't report on personal credit but they require a personal guarantee.
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18 July 2024 | 4 replies
Problem was that tax auctioned properties no longer sold at anything like 10c on the dollar, that the claim that John's program provided "everything" anybody needed to earn XXXX amount was clearly false; and John and or the marketing firm did not honor the money back guarantee.
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19 July 2024 | 8 replies
So, sellers can also be asked to sign notarized affidavits personally guaranteeing the validity of leases and ledgers.So now, let’s get to the clause to include on your purchase agreement to make sure you get all this information in enough time toreview it.Seller(s) agrees to provide the following to the buyer within X days of buyer’s satisfactory inspection, but in any case at leastX days before closing: All rental leases, rent ledgers, tenant(s) valid phone numbers and email addresses, rental applications& supporting tenant identification, income and asset information, any documents corresponding to any ongoing legalactions pertaining to the property, leases, service contracts, etc., at least three (3) months of the most recent bankstatements for any account(s) rental funds were paid into and any company or corporate tax returns for proof of income andexpenses.
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19 July 2024 | 13 replies
I guarantee it will deflate again, as it always has in past, or at least go flat for 10-20 years until incomes catch up.
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18 July 2024 | 9 replies
I believe Norada offers some type of warranty or rent guarantee program where Roofstock most likely does not so once you purchase and close they are out of the picture.