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21 February 2025 | 3 replies
Your name and credit would stay with the existing note, which you would keep paying on - ideally yourself with money you receive from the "buyer", because if they don't pay your credit is wrecked and your house is in foreclosure.If you search on here you'll see everyone and their brother looking to do Subto and it's a nightmare unless the buyer has the funds to pay the note off if/when the original lender figures out you don't occupy the property any more and are attempting to do what you want to do, since most loans are going to specify that performance.
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21 February 2025 | 8 replies
I’ve built a solid network of contractors, hard money lenders, conventional/DSCR lenders, and property management companies that serve as my trusted boots on the ground contacts in Memphis.
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28 January 2025 | 22 replies
I would actually recommend using the agent finder for the market your looking to get started in to find you an agent that specializes in out-of-state investors in your chosen market.
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15 February 2025 | 3 replies
Combination of own capital, hard/private money lenders, partnerships and raising outside capital.How do you add value to these deals?
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30 January 2025 | 7 replies
I see you are located in Royal Oak, that is the area we've actually been looking at as I'll be based in Warren at the Arsenal.
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26 January 2025 | 5 replies
Quote from @Charles Evans: You are actually behind the 8-ball on this.
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2 February 2025 | 7 replies
I am actually closing on my first duplex in Milan in a couple of weeks.
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10 February 2025 | 6 replies
This will help you close deals faster.Focus on marketing and lead generation to find motivated sellers—direct mail, driving for dollars, and online marketing all work well here.Know your numbers—being able to accurately assess the value of properties and make solid offers is key.Network with other investors and professionals—attend local REI meetups, connect with title companies, and build relationships with hard money lenders.Feel free to reach out if you ever want to chat more or exchange ideas!
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18 February 2025 | 9 replies
Network, find some money.
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5 February 2025 | 4 replies
Quote from @Jesse Scheidel: When setting aside money for Capex, Vacancies and maintenance, should you use multiple bank accounts?