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9 December 2024 | 6 replies
I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing.
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4 December 2024 | 9 replies
Play the long game and focus on rent and home price appreciation.
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10 December 2024 | 11 replies
If it's above 700 or 720, I wouldn't worry about it too much (though credit scores are dynamic and change over time, especially with RE developers).
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5 December 2024 | 20 replies
That is the thing about the game we are playing....every job is diferent and you can count on absolutely nothing.
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5 December 2024 | 2 replies
Quote from @Ava Petruso: New to investing but been in the real estate game for 8 years as a high volume realtor.
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9 December 2024 | 38 replies
Credit scores are a reflection of someone's ability to learning and understanding the rules of the game and haveing the discipline to play by them.If you already have good credit, already pay everything on time (autopay), then increaseing your limits will probably help you the most, because it gets your utilization down, ideally under 10%.Higher hanging fruits are average credit and account age (just have to wait for that I guess) and inquiries, which are sometimes unavoidable as real estate investors.
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6 December 2024 | 4 replies
In my development I am building a few of my clients have had packages stolen and one theif even took the welcome mat :) but these are normal front yards etc.
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29 November 2024 | 0 replies
Purchase price: $28,000 Cash invested: $28,000 Raw land, and 2 adjacent lots to be developed into duplex rental What made you interested in investing in this type of deal?
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8 December 2024 | 7 replies
My goal is to build a business that serves corporate clients; construction and infrastructure development teams, medical/education faculty, corporate relocation, family emergency relocation services, sports travel/events, corporate and industryand I want to learn from those of you who are doing this successfully and are willing to share actionable ideas for how I can be successful in offering value to these groups.Thank you!!
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5 December 2024 | 14 replies
I assume pros are little maintenance, no cap ex for maybe at least a decade, and possible favorable loan terms from developers.