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15 January 2025 | 8 replies
I'm in a team who does these deals and we have a team of "door knockers" who go back weekly till the auction, they file bankruptcy which only delays 3+/- months 100% chance that the lender will as that their mortgage is removed from the bankruptcy they file NOD yet again.
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10 January 2025 | 18 replies
One of the biggest factors in successful flips is building a strong team: contractors, agents, lenders, and property managers.
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9 January 2025 | 5 replies
@Tobi Isaacs, I'm a licensed mortgage lender.
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14 January 2025 | 2 replies
Through this journey, I’ve built strong relationships and developed valuable expertise in:Researching micromarkets and identifying comparables, potencial Accurately estimating construction or remodeling costs.Securing fast and reliable financing through partnerships with two top hard money lenders in Texas, offering competitive rates.I’m on this platform to connect with capital partners who are seeking an annual ROI of 12%-15%.
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13 January 2025 | 10 replies
Wondering also if there are lenders that would have an appetite for this type of property?
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9 January 2025 | 2 replies
I talked to my lender contact and, as Kerry mentioned above, it's pretty uncommon that a traditional lender would offer a HELOC product on an investment property (non-primary home).
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9 January 2025 | 9 replies
My question is, if I do want to make an offer funded with a HELOC, can I later bring in investors or even a hard money lender before the purchase?
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12 January 2025 | 0 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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2 January 2025 | 37 replies
Quote from @Bruce Woodruff: Quote from @Jonathan Greene: Quote from @Bruce Woodruff: I think that this BP forum takes on that deal-killer function very well......at least it can if/when investors take the time to post their questions and concerns.It should, but because some (not all) investors are fragile about criticism or prefer an echo chamber, it often falls into a back-and-forth where we are trying to help on our own time, and they are rejecting it and calling us naysayers.
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13 January 2025 | 2 replies
Talk to a mortgage broker or lender experienced with LLC-owned properties before transferring ownership.