Ahmed Hafez
Closing Wholesale deals
25 September 2024 | 0 replies
I have some experience buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?
Robin Thornton
What Is A Good Amount To Have In Reserves?
22 September 2024 | 13 replies
I think it depends on a lot of thing-how many properties, condition of properties, etc.
Michelle Bowes
Insurance on a residential 10-plex
24 September 2024 | 3 replies
The building is in great condition with a new roof and is professionally managed.
Ken Chud
Tenant Quality Deterioration
25 September 2024 | 4 replies
I’ve seen landlords who handle this by requiring tenants to show commitment through actions like attending financial literacy programs before lease renewal, which could help mitigate some of the risks.PS: If you haven’t already, consider working with local organizations that offer financial literacy workshops for tenants as part of lease conditions.
Mike H.
Is right now one of the worst times to be a real estate investor?
27 September 2024 | 66 replies
@Collin Stoffelcan it tell me the condition of the sewer line?
Joshua Lee
Am I on the right track with this strategy (just starting out)?
27 September 2024 | 4 replies
this offers less repairs and greater rental possibilities because the property is in the best condition posable.Feel free to connect for any more information.
Joy Hagerty
1 to 7 with 1031 exchange
25 September 2024 | 1 reply
the location was great, condition was good and numbers worked close to 1%, and I needed to find a place for 1031 exchange How did you find this deal and how did you negotiate it?
Sidney Johnson
New to investing, living in New Jersey
26 September 2024 | 10 replies
@Sidney JohnsonReal estate investing in New Jersey is a diverse field with various market conditions.
Joyce Kim
Personal financial hardship - HELOC vs Home Equity Loan?
25 September 2024 | 12 replies
Just for future advise if you have equity in your home its best to get a heloc ahead of time and just have that credit line open similar to a credit card so you can tap in to it whenever needed weather it be to pay off debt, or invest in your next property or for family emergency.
Charles Blades
New investor looking at mobile homes for cash flow
20 September 2024 | 11 replies
Since you're in FL, mobiles are prone to severe weather conditions which has happened time and time again in the past.