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5 December 2024 | 1 reply
Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations
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10 December 2024 | 22 replies
I contacted the recruiter directly and provided them a flyer for my property so they can include it when placing future travel nurses in my area.If you have multiple units (usually there is a minimum of 4 or 5), then the hospital is usually willing to share your information with their inbound travel staff.Best wishes,Melissa
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5 December 2024 | 2 replies
: I understand that there is commercial and residential, but there has got to be subgroups While I don't think you need to niche down immediately, some specializations in residential RE are:- Co-op- Condo (incl. luxury)- SFR (median pricepoint)- SFR Luxury- MFR- RentalsThere are a ton of commercial RE specializations including retail (various types), restaurant, other food/bev., warehouse, storage, and dozens more.What should I expect when first coming into the profession ?
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11 December 2024 | 101 replies
If history is any guide, it won't happen and it is in nobody's interest (including the cartels).
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6 December 2024 | 4 replies
Another key point in loans is that the broker or direct lender will often try and include the costs into the loan, for some this is fine but you are paying interest on that money over a long period of time....FYI
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3 December 2024 | 1 reply
Not sure if you're still looking for help since this was 3 months ago.You could include something in the provisions regarding maintenance in your rental agreement.
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4 December 2024 | 16 replies
If you borrow against the equity, you'll need to include that payment in your calculation, as well.You make 3x the average income for Pennsylvania at the age of 32.
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7 December 2024 | 11 replies
It’s inspiring to see your commitment to learning and helping others grow as entrepreneurs and investors.I’m sure many of us here, including myself, will appreciate your insights and advice on scaling businesses and navigating the real estate world.
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4 December 2024 | 4 replies
I am interested to get feedback from certified appraisers on whether a cabin on leased forest service land would be a comp for a cabin that includes ownership of the land.
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10 December 2024 | 7 replies
In the end my buddy and I nearly broke even after we included the monthly payments that we collected.