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20 February 2024 | 16 replies
The small caucus that gathered at our inaugural annual conference shared ideas to bring the profession into the mainstream and safeguard its position in the larger finance market.Perhaps the most crucial idea to come out of that conference was the need for a new term to define their vision for the industry and its future: not “hard money” and “hard money lenders” but “private money” and “private lenders.”
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7 September 2016 | 5 replies
Maybe you don't have that quite defined yet, and that's ok.
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19 September 2016 | 6 replies
You got all your money back and can now use it on the next deal.The main component here is obviously finding a very good deal.
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6 September 2016 | 18 replies
You're on the right track with a defined time line in your goal.
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6 September 2016 | 1 reply
I'd like to join a group that has an educational component as well.
10 September 2016 | 2 replies
In addition to that, banks will only finance against the "lot rent" component of rented mobile homes on land.A $150,000 Park would need about 12 homes with a lot rent of $200 per month assuming a 50% expense ratio and 10% capitalization rate.If none of this makes sense to you I would highly recommend the Mobile Home University Due Diligence Manual.
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13 October 2016 | 8 replies
@Jay HinrichsYes it can be called a business with a real estate component.
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22 September 2016 | 21 replies
I'd suggest defining what financial peace of mind is to you, and focus on elements of this biz that will get you there fastest.
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13 September 2016 | 8 replies
A real estate broker, for the purposes of this article, is defined to be a person, firm or corporation who, for a fee, commission or other valuable consideration, or by reason of a promise or reasonable expectation thereof, lists for sale, sells, exchanges, buys or rents, or offers or attempts to negotiate a sale, exchange, purchase or rental of real estate or an interest therein, or collects or offers or attempts to collect rent for the use of real estate or solicits for prospective purchasers or assists or directs in the procuring of prospects or the negotiation or closing of any transaction which does or is contemplated to result in the sale, exchange, leasing, renting or auctioning of any real estate or negotiates, or offers or attempts or agrees to negotiate a loan secured or to be secured by mortgage or other encumbrance upon or transfer of any real estate for others, or any person who, for pecuniary gain or expectation of pecuniary gain conducts a public or private competitive sale of lands or any interest in lands.
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19 September 2016 | 7 replies
It would have to be falling over significantly, mortar missing, flashing damaged, missing components, and some more just to say it needs a full replacement.I would love to get into the stories I've heard about deal killers lol but it wouldn't do me any favors.