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19 January 2025 | 47 replies
Just because someone throws the words tokenization or crypto onto something means nothing to me, doesn't make it anything special because of what form the currency is.
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2 January 2025 | 9 replies
If I were in your position, I would look for a bank or credit union that will give you a line of credit against the rental property.
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14 February 2025 | 161 replies
- property values soften (keep it realistic, US real estate has never lost value over any given 10 year period in history and you can't plan for a nuclear war..)To counter-balance these negative scenarios you have: cash reserves, credit lines, W2 income, maybe business income.
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6 January 2025 | 25 replies
I didn't read the website you were referring to earlier, but I know that there are attorneys who specialize only in dog bite cases - because there are laws on the books that give specific penalties that are non-negotiable, related to dog bites.
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20 February 2025 | 114 replies
Congrats, on both of those deals and, more importantly, on staying persistent to find your niche.Lots of misinformation on this thread.Andrey is not pitching anything or lyingHe is not expecting 30% IRR on every opportunityFinding and vetting trustworthy sponsors is not as hard as non-syndication investors thinkPerforming diligence on sponsors takes years, not hours or daysMany sophisticated LPs perform extensive diligence on sponsors and opportunities that is not discussed on BP (TLO reports on history of crime, bankruptcies, collections, credit, businesses owned, personal residence owned, employment, family members (including phone numbers), even traffic violations...the list goes on)Many LPs leverage sites like Ian's, 506 group, in-person conferences, and one another to analyze opportunities and sponsors together (it's a lot more sophisticated that the "what do you think about XYZ" posts on BP)There are tons of sponsors and opportunities that don't use short-term, bridge financing or max leverageMost are using 5-12 year debt, with inception LTVs in the 70s and year 2-3 LTVs in the 60s (and carry high reserves on top of that)The opportunities discussed on BP are only a small fraction of what's available in the marketPrudent syndication investing is just like anything else in life...it takes diligence and time.
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6 January 2025 | 25 replies
My W2 income is very high (+$500k), excellent credit, but I hate my job and I want to leave within a year or two.
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12 January 2025 | 20 replies
you need to own the land or have more experience. make 100 calls to land developers nationally. use linkedin and get some experience for a month. this is a self taught business. very specialized.
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10 January 2025 | 67 replies
We need to optimize industries our areas offer or specialize in.My area has tons of fruit orchards and crypto / blockchain mining operations.
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21 January 2025 | 14 replies
I recently did one where the lender did allow it but that was because of our position as a great customer of the bank and our impeccable credit record.
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4 January 2025 | 20 replies
.* Receipts and Expenses: Once I brought to Jenny's attention that we were 20k above budget, she refused for days to give me the receipts, saying that I needed to give her my credit card statement first.