The actual penalty varies but it's often a step down or if a 5 year prepayment penalty term, it will be 5% of the original or unpaid mortgage balance if refinanced or sold in the first year, then 4% in the second year and then on down (the exact penalty varies which is why I mention both the original and unpaid mortgage balance.

Here are some criteria to check that, from a 10 step guide we made:

This will allow the team to develop and review project processes and management strategies to move forward with more challenging, yet rewarding, properties.I come from a very process-oriented background (Mechanical Engineering), and my goal is to learn and develop each step of the process, from start to finish, to continuously improve the team and ROI of each project. 

But always keep your core values front and center.I’m curious... now that you’ve got this momentum, what’s the next step you’re considering to deepen those relationships and keep the positive energy flowing?

I even had one slick guru recently try to sell me on creating my own course if I joined his program for $10,000 and they’d walk me through the steps of creating it and help me market it on doing LTR, and BRRRR and when I objected and said I’ve only currently got 7 buildings now with 25 units and have sold 7 over the course of years I’ve been doing it he said we’d focus on the deals I’ve been doing where I’m getting ARVs of $200,000-400,000 and not my actual numbers of properties owned.

But if the lease terms are murky, if renewal conditions aren’t guarenteed, or if the airport authority could dramatically shift the deal down the line, then you should be asking for a discount..or at least some protective clauses in the contract.I’m curious... if you were to step into this kind of leasehold now, how do you think you’d explain the upside to your future buyers or partners when you eventually decide to exit?

What kind of property did you end up doing as your next step?

Can anyone give me their most granular step by step process for fix and flip deals?

(A-B) Step B: wholesaler places buyer under contract (B-C)Step C: ClosingWholesaler (or PML) wires title company (not the buyer here) The funds for Step A contract).

I think working on getting liquid capital for these projects is step one for me.