21 August 2024 | 8 replies
I've been seeing: AS-IS contract, Sub to addendum, Authorization of release, power of attorney.
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23 August 2024 | 10 replies
This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that can be alot of work (and a full-time job if you are putting in sweat equity).
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21 August 2024 | 5 replies
@Kent KettellThe advantage of leverage is that it lets you extend your purchasing power.
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18 August 2024 | 6 replies
As an investor friendly real estate broker focused on Oregon Coast STR vacation rentals for sale, these are the testimonials that affirm how powerful of a resource and community Bigger Pockets truly is.
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21 August 2024 | 3 replies
Transactional funding definitely seems like a powerful tool for quick flips.
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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.
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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.
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22 August 2024 | 17 replies
I mean, if I co-sign, then does it give me any power to sell one of his land there to recoup money and rest goes to him?
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21 August 2024 | 7 replies
House hacking is a powerful strategy that can put you far ahead financially compared to those buying a primary residence or continuing to rent.
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20 August 2024 | 5 replies
You will not have the existing power supply that I assumed.Still I like @Jill F. idea of installing mini-splits.