11 October 2024 | 27 replies
The standard industry practice is around a 1% origination fee, but the borrower can decide how many points they want to pay.
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7 October 2024 | 24 replies
., we use QuickBooks Online exclusively for all of our REI Clients (just bookkeeping; not property management).
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9 October 2024 | 312 replies
Depending on when these properties were purchased, along with a handful of other factors, these two statements could be mutually exclusive.
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4 October 2024 | 5 replies
Hi everyone - I am working with some investors & found that I am being faced with the problem / pressure of reducing my commission as they say they are going to buy / sell several properties with me & will not sign an exclusive agreement that puts a time / place & create a sense of loyalty.
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6 October 2024 | 1 reply
Networking also plays a vital role; connecting with other investors, real estate agents, and industry experts can provide valuable insights and open doors to new opportunities.
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6 October 2024 | 1 reply
This can yield high returns but comes with more complexity, like managing operations, employees, and industry-specific risks.
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7 October 2024 | 3 replies
Traditional lenders in this industry won't fund you on a purchase of a SFH that has leases for rooms and the building will need to be in your LLC name which means a primary bank won't lend you either cause of that and cause of your employment status.You have a real chance to start.
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3 October 2024 | 23 replies
I have a 90-day option to market a property, but Zillow is requiring that I provide a valid listing agreement showing that I "have exclusive permission from the owner to list the property.
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3 October 2024 | 0 replies
Case in point, in 2017-2019 while facing a severe housing shortage, Minneapolis enacted its 2040 Plan, becoming, “the first major U.S. city to end single-family exclusive zoning, opening the door for developers to build multifamily buildings on lots where a single-family home used to be (NBC).”
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7 October 2024 | 16 replies
I currently invest exclusively in Ohio, but I'm beginning to receive enticing leads from commercial brokers located outside the state.