
25 January 2025 | 5 replies
The flipper pays 12.5% interest to the lender, and I receive 10% of that.

30 January 2025 | 6 replies
The website does not have an area for me to pay a fee to download the agreement.

1 February 2025 | 0 replies
Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.

25 January 2025 | 15 replies
Their "Titanium Service" does NOT mean anything, other than they would ask you to pay $10K to sign up for it.

23 January 2025 | 3 replies
The interest rate isn't that huge of a difference between the 15 and 30 so worst case scenario if you have the 30 year option is you start paying it down on a 15 year timeline - sure you'll pay a little more in interest over the 15 years, but it will have been worth it if you bought another house.

25 January 2025 | 2 replies
A good deal for a retail buyer is something they can pay for which has most of the amenities and location they want.

25 February 2025 | 20 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

31 January 2025 | 19 replies
The original six month tenant I had extended the lease 9 times and stayed a total of 5 years, paying me about $15k over market rent annually.

28 January 2025 | 4 replies
Sellers can avoid paying transfer taxes to the county, while buyers are spared from facing significant property tax increases.However, it's important to note that lenders typically only approve these loans for properties with five or more units.

23 January 2025 | 5 replies
I also pay my mortgage for the house I live in.