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7 December 2024 | 2 replies
In Chicago or San Antonio, it’s a similar hustle... you build the right relationships with smaller property managers who know local investor groups, and suddenly you’re the guy who can feed them deals they never thought they’d find on BiggerPockets alone.As for the fear of getting stuck with a contract, it happens less often when you’ve done your homework on the numbers and aren’t overselling some mediocre deal.
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7 December 2024 | 11 replies
What I don’t understand is how to overlay all of that information to pick a good spot and I also don’t understand the appropriate thresholds for each of those indices (income, percentage in the target age group, and how dense).
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6 December 2024 | 1 reply
We ended up connecting with a local insurance group, Pope Insurance Agency, here in Boston.
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13 December 2024 | 22 replies
The responses from this group have been incredibly helpful.
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5 December 2024 | 5 replies
Quote from @Dennis Knapp: they got ahold of me on fb through one of my groups and claim to be a direct lender. they seem to good to be true.
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10 December 2024 | 7 replies
Most lenders are going to want to see a few big things from the ownership group. 1) The borrower will be the enitity (LLC, S-Corp, etc) and any owner with usually 20% or more of ownership in the entity will be expected to guaranty the loan, 2) We'll want to see some experience doing similar projects from at least one of the main owners, 3) We'll want to see bank statements showing liquidity enough to cover the intial cash injection (down payment), the closing cost, and some cash in reserve.
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12 December 2024 | 18 replies
@Sanjay Bhagat: the closest thing BP will offer is Passive Pockets.I have seen several groups try this, and none have gotten any real traction, likely, for a multitude of reasons.
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10 December 2024 | 25 replies
And you can group the two with -9 election.
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5 December 2024 | 11 replies
Once you find that group find some folks you resonate with that are 2-3 steps ahead of you and figure out how to get there!
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9 December 2024 | 10 replies
There is a great group of members on here to connect with.