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9 January 2025 | 6 replies
We can also lend to both individuals and LLCs.I'd be happy to share my experience as both an investor and as a lender.
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14 January 2025 | 4 replies
Chances are this is NO deal property as the X will want their fair share and a fair market appraisal will need to be done and the equity split equally.
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8 January 2025 | 13 replies
Birmingham’s market is diverse, with various areas offering different levels of potential and risk, so getting boots on the ground can be one of the best investments you make in terms of time and money.I’d be happy to connect and share more about what I’ve learned from my experience managing properties in this market.
12 January 2025 | 10 replies
I'll do something that appears to be taboo on BiggerPockets, I'll share my rates and fees.Today, we were quoting interest rates between 10% and 12% for (1) a first-time flipper - 0 flips, (2) with a credit score in the 740's, and (3) putting only 10% down with us financing 90% of the purchase price and 100% of the rehab.
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12 January 2025 | 1 reply
If you’re leaning toward selling your share, offering seller financing could definitely attract a wider pool of buyers while keeping the deal intact.
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16 January 2025 | 7 replies
To maximize your chances of success, recommend sharing that and the percent increase in taxes & ins with tenant and asking them what they think a fair increase is.- If they say $0-$50, you'll have to get rid of them at end of current lease.- If they are more reasonable you may want to accept if for now, but let them know you'd be doing regular increases to get the rent more inline with market rent.Too many newbies here will tell you to get market rent or get rid of the tenant.
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14 January 2025 | 25 replies
Ideally, I would prefer to capture their existing bookings after closing, by directing existing bookings to my new listing, but there are some dependencies/uncertainties I'm working through and would appreciate any advice or shared experiences here.
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22 January 2025 | 203 replies
And that means YOU, me, WE paying the bill for what was in fair-share a CA person-made catastrophe via there idiotic actions.
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9 January 2025 | 0 replies
How can I strike a deal where they can still receive some income from the property, but I can purchase the home and make my share and eventually (1-2 years away) own the home and eventually get full profit from this 8-unit property.
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12 January 2025 | 10 replies
If you’d like to dive deeper into my experience and why I’m bullish on Detroit, I'm happy to share some resources if you want to DM me.