A recent article in the Remodeling Magazine (a publication for professional contractors) made the case that if you don't mark up your subs by 40% you might loose money as a GC.

Check the state regulatory agency's web site.

According to press release found on the web, it was a 2021 purchase...so that's a huge loss over just 2 years.https://www.westernwealthcapital.com/western-wealth-capital-...For those looking to learn, can you share why they were forced to sell so soon?

Santarelli/Norada continuing to put out videos and web requests for funding without disclosing the difficulties he has already acknowledged in writing !!

The poor broker who gets scammed is not only out a lot of money but their reputation is going to suffer big time as their borrowers info is now all out on the Dark Web..

For starters, the prospect passes our 3.5x income requirement, has a 700+ credit score but a few things that I seem to have trouble with is the management company that was on the application, I wasn't able to find any viable information through regular web searches, but through the Business public record I found an LLC to this management company which I found was created 5 months ago. 

The biggest thing that frustrates me most about the guru's is how most are not transparent about all things notes, yet they send post after post on LinkedIn or FB wanting you to watch a Podcast or something else about how much money they made on notes to get you sucked into their web. 

Boom, you are now a real estate investor.Oh and definitely build a corporate web of at least 5 layers of shell companies before you even begin thinking about buying a property.  

@Sam Peterson You can utilize different online companies (web, phone apps, etc.) for this but if you're new to REI you could gain traction by making your own.

NAR says it has the 4th highest rate:  https://www.nar.realtor/magazine/real-estate-news/states-whe...Sure, not nearly as high as FLA but still more expensive then the average state and is the only state on the top ten on both the property tax and insurance list.