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23 January 2025 | 2 replies
The other is a smaller operation which does a lot of business in the specific neighborhood the house is in.
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6 February 2025 | 18 replies
Speak with a real estate attorney about the legalities of wholesaling real estate in your specific area, the internet isn't the place to get legal advice.
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28 January 2025 | 10 replies
To get started, focus on creating an appealing listing with professional photos and a detailed, guest-focused description.
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23 January 2025 | 1 reply
If I've left out any important needed details please let me know.
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1 February 2025 | 11 replies
Are there specific lenders or loan types I should look into?
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31 January 2025 | 11 replies
Hey @Mike Nelson, never assume anything about STR rules and regs.Here is the STR rules for Oak Park - https://codelibrary.amlegal.com/codes/oakparkil/latest/oakpa...I would call the city and make sure it is legal for a specific property.Now regarding the famous person angle, sure it can add value to the property or as a STR, but for STR use, I would think you would need it to be in original condition with a lot of the furniture and knick-knacks that were owned by the famous person along with a bunch of photos etc featuring the famous person.If you buy a place that has been totally redone but was owned by someone famous but has no features or things that were theirs, then I don't see it being a draw.
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24 January 2025 | 12 replies
Any HML will want answers to those questions plus a rehab budget before getting you a term sheet for a fix n flip loan for this property.I close these types of loans all the time, if you have any specific questions about the process don't hesitate to reach out.
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26 February 2025 | 8 replies
Specifically, I would love recommendations on the best NMLS-approved pre-licensing courses for Texas, as well as insights into mentorship programs or mortgage companies that actively train and hire new MLOs.
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27 January 2025 | 5 replies
I had specifically asked for numbers including mortgage payments and they emailed to me.
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25 January 2025 | 10 replies
I recommend honing in on one specific strategy to get started and then go from there.