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Paris Sithi What's the best way to screen and protect the event space?

30 November 2024 | 1 reply

Consider Autohost or Hostfully both offer robust guest verification and deposit collection, tailored for professional hosts.

Nelson Badillo Housing Choice Voucher Program Inspection

2 December 2024 | 5 replies

I’m looking to participate in the Housing Choice Voucher Program and would greatly appreciate any resources or connections to professionals who conduct the required inspections.

Bhakti Patel Hello BiggerPockets Community!

29 November 2024 | 11 replies

Because it's better to hire a professional agent to represent you.

Sam Lewis Why would hard money lenders trust someone they don't know?

2 December 2024 | 10 replies

Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.