Miguelli Fernandez
Cash Flow Vs. Appreciation
21 August 2024 | 27 replies
Read these forums for awhile and you'll notice a trend among new investors buying out of state in crappy locations strictly for cash flow (they tend to lose money for a few years then sell the properties at a loss).
Troy Maleyko
Duplex Project - Fort Myers, FL - 7 Duplexes - 3411 Broadway
21 August 2024 | 5 replies
This is within my wheelhouse as construction loans are what I tend to focus on the most.
Ye Tun Aung
Attorney or CPA for forming LLC
20 August 2024 | 10 replies
A business or some estate planning attorneys may be able to assist you.CPAs tend to be best for consulting with the tax and numerical implications as to how it can affect your bottom line, and consulting as to the structure and right type of entity for you.
Clayton Silva
Local vs National
20 August 2024 | 2 replies
There are definitely pros and cons to each so I figured I would just lay out a few benefits and personal thoughts: Small banks/brokerages:Pros:- Some regional knowledge of the market- Possibility of more creative lending guidelines with bank specific programs- Sometimes they have competitive rates for their areaCons: - weak balance sheet (more strict on some guidelines, no wiggle room, inability to be flexible or grant exceptions because they cannot afford to hold less than perfect loans)- Can't scale with clients to different markets- Usually limits exposure to individual investors (they don't want one investor to be too big of a portion of their balance sheet)- Lack of experience with multiple solutions (tend to have 2 or 3 loan products they sell and are too niche to provide tailored solutions)Large banks/brokerages:Pros:- Large compliance departments that understand individual market guidelines (typically each state has specific lending guidelines that augment the national baseline)- Ability to scale into multiple markets with same lender (licensed in many states)- Impossible for individual investors to "outgrow" a large bank's balance sheet (not concerned with one investor's concentration)- More lending solutions available for different scenarios- Often comparable or better rates given the game is volume basedCons:- Can be more difficult to get fast responses if the bank/brokerage does not have good follow up systems in place (or if the underwriting/processing staff gets overwhelmed)- Bad large banks can feel less like a relationship and more like a cog in a factory (less personal)Overall, I have worked from both and worked with both as a loan officer, branch manager, and as an investor/client myself.
Brian Kloft
Looking for Simple Free CRM/Database to keep track of Driving for Dollars Properties
20 August 2024 | 5 replies
I have been looking at CRM's like Hubspot and Odoo and I tend to get a little overwhelmed because their tutorials all seemed to be geared towards those that have multiple people working on the CRM and all of this automation when all I want is a simple database.
Porsha Fross
Experience with HomeStyle Loan in Chicago
19 August 2024 | 10 replies
They tend to take the bigger builds that will make them more money.
Davidangel Muniz
Beginner Airbnb/rental properties
20 August 2024 | 4 replies
In Florida, coastal areas tend to offer the best opportunities for STRs, especially given the saturation in the theme park areas of Central Florida but I'll let the full time operators chime in.
Account Closed
Vice President Harris Announces Economic Agenda
21 August 2024 | 182 replies
It is not the Dems who are depriving women of control over their own bodies.
Kent Kettell
Loan conditions for Fix and Flip projects
19 August 2024 | 4 replies
These lenders also tend to understand the position you are in as a borrower and will work with you when issues arise and trust me, if you are involved with enough rehab/ construction projects issues will arise.