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4 December 2024 | 7 replies
Maybe a family in your area has a relative that would like to rent nearby but who doesn't think now is a good time to buy in this current housing market.You might even find someone who likes to target practice if that's a safe activity in your area.
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4 December 2024 | 32 replies
Prior to syndicating deals, I worked for a commercial real estate investor in NYC for 14 years and gained a lot of knowledge and practical experience while in that role.
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30 November 2024 | 3 replies
This put us in a significant disadvantage on selling, buyer has to have 20% down and buyer needs to use a Non QM lender too instead of a standard back or broker...
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2 December 2024 | 5 replies
I tagged 4 other BP members I knew and layed out the mission and that was to buy renovate to retail standards a home in the mid west ..
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3 December 2024 | 29 replies
So out completely. and have to restart everything- Over 100 employees have gone thru this company is less than 2 years - wow- Management Doesn't really want input / just do as I tell you- Very low pay for the crap that you have to put up with- Can't believe that they are allowed to continue there hiring / firing practices - You should hire to maintain for a length of time.
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2 December 2024 | 5 replies
I’d like to have someone review the property and help identify specific areas that may need to be brought up to standard before I proceed with landlord registration for the program.Additionally, I’d welcome any advice, suggestions, or insights from those with experience in this process.
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30 November 2024 | 3 replies
Networking is always a great practice and you never know who you might meet there and what good information they have to share.
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17 December 2024 | 86 replies
However, be prepared for the properties to meet certain health and safety standards, as Section 8 housing requires regular inspections.5.
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28 November 2024 | 22 replies
A 14-50r plug was always the preferred method, especially before the world woke up and switched to the Tesla charging standard.
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2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.