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26 August 2024 | 2 replies
I have decided to offer this at no cost in the spirit of open source knowledge and improving our chosen profession.
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26 August 2024 | 4 replies
I'm curious to know how others are finding their investment opportunities.Do you guys have a go-to realtor or network for sourcing deals like wholesalers?
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26 August 2024 | 5 replies
@Paul DentingerRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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26 August 2024 | 8 replies
Pros and cons of each. 3) Any recommendations on sourcing deals in the area that we may not be aware of?
29 August 2024 | 70 replies
You simply assign the contract and that buyer closes with his own source of funds.However, there are situations where either you cannot or don't want to assign:CANNOT:Most every REO, HUD, or Short Sale purchase offer contract will be rejected if And/Or Assigns is named in the Buyer field.DON'T WANT:If you have a particularly high profit spread between the A-B and the B-C, your C Buyer many times will not allow it and demand a smaller assignment fee.
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27 August 2024 | 18 replies
While separate accounts sure helps with the audit trail, it's not necessary if you note the reason for a a deposit and withdrawal on the drafts or "source" document.
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28 August 2024 | 32 replies
This can be done either by sourcing deals and offering them to the community in exchange for a portion of the GP, or by raising capital for others' deals.
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26 August 2024 | 9 replies
Brown RentRedi tries to enhance the DIY management options.It is NOT a replacement for a PMC.Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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27 August 2024 | 43 replies
My short list is very short.I have also funded 100% on transactional deals, but that's where there is a solid end buyer already in place.I also have a source that I broker to who does 100$ financing, but the program is so expensive that there are few takers.
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26 August 2024 | 14 replies
@Levi Perl great point by @Gregory Schwartz.We'd add one thing to his suggestion though, check out comparable rents on Zillow, Rent-O-Meter and at least one other source.