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17 December 2024 | 7 replies
As someone who deals and talks to real Private Lenders (small shops run by a guy who lends his own capital and doesn't use big box), they have a hard and fast business model that produces the rate of return they need to remain profitable and curb the risk on their cash.So the best product for a budding fix and flip investor is the bridge loan which includes acquisition money and construction money.
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14 December 2024 | 4 replies
Small places are for couples.
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16 December 2024 | 35 replies
Maybe it's just a small company.
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14 December 2024 | 3 replies
To date, I have a small portfolio in the Rock County area.
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9 December 2024 | 4 replies
Hello,We recently bought this 16 bedroom, 4 bathroom motel type room-in boarding house in a low income area in Syracuse. This motel has 16 private rooms, 4 shared bathrooms, 1 kitchen and living room. Currently there...
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17 December 2024 | 17 replies
I hope you enjoy small towns that lack diversity.I am sure Dayton has some real estate meetups.
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15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.
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15 December 2024 | 59 replies
ALSO they have regs on rooming houses only allowed in specific zoning, similar zoning as for hotels; only on main streets in business districts AND you have to apply for licensing and blabla as for a hotel..That said; there is a small movement supporting rent by the room as a small step toward solving affordable housing.
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13 December 2024 | 7 replies
GR is small, so most properties are within 10 minutes of my office.
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13 December 2024 | 20 replies
He probably could take you to small claims court and win.