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Results (10,000+)
Angela Holm Concidering my first investment property. (and it is out of state)
21 August 2024 | 10 replies
That being said , no first deal is perfect, and you have a lot of the pieces of the puzzle, so I'd for it if the numbers are even close!
Steven Westlake Conex / shipping container for mini storage ?
20 August 2024 | 5 replies
So 30k for 900 income, perfect numbers for syndication, and built in under a week.
Sam Hudacek Investor friendly title company in Chicago for Subject-To
20 August 2024 | 15 replies
I just closed today, they actually weren't as familiar with it as they thought they were, so I went through my attorney's title company who handled it perfectly
Laura Yazdi Need Advice on a MTR in Los Angeles.
20 August 2024 | 11 replies
My e-commerce shops have all tanked.
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. 
Fredrick Johnson NACA - HELOC Loan
19 August 2024 | 3 replies
Make sure you pay on time, keep insurance perfect, head down, eyes on paper. 
Marcos Altamirano Toriz what CRM do you use?
21 August 2024 | 18 replies
I use Podio, I have been using it for a few years now.It's free for the first 500 contacts, which is perfect if you are getting started.You can customize it to your business needsThen after, if you want to automate the system, you can use Podio Automation for an extra feeGood Luck
Tucker Cummings REI Reply - Too Good To Be True?
23 August 2024 | 181 replies
REIreply is not perfect, but it is probably the best of all similar products, at least that I have tried.
James McGovern Challenges in Using Hard Money Lenders
19 August 2024 | 8 replies
on the land locked they perfected a license to cross state of Oregon lands that took 6 years.. they paid all the legal fees to do it probably close to 100k. if not more..