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13 January 2025 | 5 replies
Helps me reflect on the day and see what needs to change in that
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10 February 2025 | 31 replies
I will then make the offer It will get accepted, I will get a contract, one page AS IS, It will go to title, they will send me the HUD, we close about 10 days or less.
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13 January 2025 | 5 replies
One golden rule I follow,if it takes a long time to fix/replace when it breaks, don't buy a cheap one.Imagine, this thing breaks in the middle of your peak season and the people who can come out to rebuild are 2 weeks out....It takes at least a day or two to build something like this even if you are super skilled.
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22 January 2025 | 14 replies
But even to this day the money is always the winner not me.. thats how you raise significant capital ..
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13 January 2025 | 6 replies
Sometimes, there is also a tenant already in place which means you can start generating rental income from day one.
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9 January 2025 | 9 replies
I have linked an article below that goes over how they tie into BRRRRs.
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31 December 2024 | 22 replies
Here is an article from Wolters Kluwer that covers the entities exempt from reporting.
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17 January 2025 | 9 replies
HUD 4000.1 (I believe) is the latest HUD handbook and it goes over all requirements for originating the loan, including but not limited to occupancy requirements and exemptions.FHA occupancy : "At least one Borrower must occupy the Property within 60 Days of signing the security instrument and intend to continue occupancy for at least one year."
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16 January 2025 | 4 replies
Also, there’s much to delve into on of those scenarios, like what type of cashflow or investment do you want, etc. residential, multi-res, small multi-res, commercial, industrial, etc.There seems to be fewer deals around these days and this typically benefits the more experienced and skilled investors but there are always multiple investors that get “tripped-up” in these markets due to them relying on recent “fortunate” market circumstances only to realize the markets cycle and they weren’t prepared or didn’t underwrite properly to account for unforeseen potential.There are more considerations, but this is a start.