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10 July 2024 | 35 replies
@Ruth Bayang slight difference is they will also put up 80% of the money for you as long as you roll into a HML with them.. they make a TON on these deals.. they make the bid fee.. they make a hard money loan then they list back.I was close to starting the same model in pdx but the 08 GFC derailed me.. its a brilliant model they have an UBER profitable...
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10 July 2024 | 2 replies
Part of my business model has been not just profit but an enjoyment for the work.
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9 July 2024 | 4 replies
In San Antonio, I hired reps for this type of thing and the model they told me their previous wholesale company paid was as follows:Acquisition rep responsible for finding their own deal, contracting it for the company, getting it to closing gets 30% of the fee generated by the wholesale.
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11 July 2024 | 6 replies
Real Estate is definitely not just a "numbers analysis" and you are definitely thinking about things the right way - but I think a good next step for you would be to spend some time putting a lot of this stuff into a (very) basic financial model/spreadsheets mapping out all the potential costs and estimates on effect (effect on value, on exit, different scenarios) - I think getting started with that framework should help with these decisions immensely
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11 July 2024 | 17 replies
If you are looking for someone to teach you syndication, a common thread is to start a thought leadership platform: podcast, post on LinkedIn, post on BP, create YouTube content.I would say, if you have almost no understanding of what Cap rates are, the basics of underwriting and excel modeling, how to find brokers, etc a mentor can help accelerate your learning.
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9 July 2024 | 7 replies
They seem to have a good business model and one of the owners is an investor himself which is definitely a plus, but they charge a leasing fee (to find and get a qualified tenant into the property) equal to 1 month of rent, which comes out to an additional 4%-8% on top of the monthly 10% maintenance/management fee depending on how long the tenant stays.
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9 July 2024 | 8 replies
I had my fare share of financial modeling and asset management and can say I know how to analyze deals and asset manage very well.But, I was not too involved in the closing phases of the deals (lawyers, reports, debt placement, contract negotiations, parts of the DD...) so I lack knowledge in those parts, which I make up for in reading ton of materials and listening to podcasts.• After that I worked for three years as a management consultant at McKinsey where I sharpened my business acumen, problem-solving, storytelling, and presentation skills.
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12 July 2024 | 79 replies
The second question is what criteria do you use for deciding when it is the right time to expand your model to look at other opportunities that you may not have considered previously?
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9 July 2024 | 8 replies
The whole financial freedom through real estate movement/model has been created on the back of artificially low interest rates following the Global Financial Crisis and that model won't work anymore for most unless interest rates or real estate prices in the US drop dramatically and most economists think they won't and for good reason.