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28 November 2024 | 10 replies
Higher Fees and Costs: Cross collateral loans may come with additional fees, such as appraisal costs for each property involved, which can increase the overall cost of borrowing.In conclusion, while cross collateral loans can provide valuable opportunities for accessing larger amounts of financing and potential cost savings, they also come with considerable risks and complexities that borrowers must carefully consider.
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26 November 2024 | 2 replies
Hey @Devon Moore not sure where or why you'd lean towards a land lease unless that's standard for this developer.In my experience its difficult to capitalize deals with ground leases involved.
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23 November 2024 | 2 replies
I have seen costs vary widely from contractor to contractor and you want to go in with all eyes wide open.
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2 December 2024 | 34 replies
Out of the many programs I've been involved with his is one of the few I can truly say is worth the money. he's smart and knows RE.
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23 November 2024 | 4 replies
I've been keeping my eye on San Antonio a bit as it seems it's going through a correction and potential for cash flow may be increasing.
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26 November 2024 | 17 replies
My main advice for avoiding liability is: (1) work with a great insurance broker to get comprehensive coverage; (2) avoid signing full recourse personal guarantees whenever possible; (3) max out your 401(k) or defined benefit plan with ERISA protection; and (4) strive to reach a point where you’re not personally involved in the business’s day-to-day operations.Disclaimer: While I’m a licensed attorney, I’m not your attorney.
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27 November 2024 | 1 reply
Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.
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26 November 2024 | 1 reply
I have a strong network here and know the key players/stakeholders in the community and am trying to learn how I can get involved to make an impact to change the community and restore the existing (beautiful) infrastructure.
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26 November 2024 | 15 replies
It will say way faster, easier for showings and easier for everyone involved.
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5 December 2024 | 554 replies
That is a steep price for anyone new looking to get involved.