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18 October 2024 | 6 replies
Become a syndication Co-GP by either putting up the escrow funds or by raising money for the true GP where you receive 1% of the GP share of project upside, then create website and social media marketing materials where you hold yourself out as THE GP for the syndication. 5.
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18 October 2024 | 37 replies
but it sounds like your mind is made up on this mentor.. flipping right now is a pretty tough gig for a beginner depending on market. very low inventory then sky high rates for your buyers. so use caution be careful also make sure you have a GREAT RE Broker who knows the values and what you should and shouldn't do in the rehab to maximize your returns. these things are very market specific U simply need to make sure your matching what is expected in the market you choose..
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18 October 2024 | 1 reply
Good Offer Price: Without knowing the current bleeding amount, it’s tough to give a precise number, but generally, aim for 70-80% of the after-repair value (ARV) minus the cost of repairs.
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18 October 2024 | 8 replies
If the lender gets spooked by the transfer, they could call the loan due immediately, and that could be a huge problem unless you have backup financing ready to go.2️⃣ As for conventional lenders doing a rate and term refi with a second loan in place, it's tough but not impossible.
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19 October 2024 | 11 replies
But... the market is very, very tough right now, and what I tell everyone in your position is: if you're serious about it, you have to pick a market, go to it in person, and be willing to spend time in it in person, building a network and getting to know it.
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18 October 2024 | 1 reply
Might be tough from area to area, but I typically find that homes built before 1950 that were converted from single to multi family are 9 times out of ten - a full gut rehab and way too expensive for first timers.
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17 October 2024 | 21 replies
Links to your three other posts on this same topic so readers can see what's already been discussed:https://www.biggerpockets.com/forums/61/topics/551577-backyard-homes-produced-in-chinahttps://www.biggerpockets.com/forums/617/topics/551580-china-built-backyard-homes-socalhttps://www.biggerpockets.com/forums/61/topics/537480-tiny-homes-produced-in-chinaThis sort of house is an interest of mine, though I'm more interested in building them on-site with a 3D printer and local materials.
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18 October 2024 | 7 replies
He’s clearly trying to play a tough guy, but it’s irritating that he decided to play it this way.
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17 October 2024 | 11 replies
Make sure to checkout all the materials under the "learn" tab, especially the podcats, great for those long commutes.
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21 October 2024 | 59 replies
That 2% is a tough hurdle and can still move up.