15 June 2018 | 1 reply
experienced RE investor with new issue I have never encountered.
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15 June 2018 | 4 replies
I’ve also been in touch with a company called Maintence supply headquarters, that provided me a very reasonable turnkey materials quote for each unit that included everything from door hinges to full appliance package.
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15 June 2018 | 2 replies
., with min loan amt of 50K at 12% for a renovation (Fix/Flip) package...then following the BRRR (not sure how long their seasoning period is...but I'll ask) we can do a refi at their 6.1 conventional rate.Conventional loan: McGloan, 30 yr fixed rate, 4.8% (not bad)Im concerned with interest rates going up that perhaps we should lock in that low 4.8% rate (conventional loan), and pay out of pocket for the renovations ourselves?
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15 June 2018 | 3 replies
I have not done any kinds of deals like this one, but with this being a financed purchase, I would think you would have to get a commercial loan where the rate/costs might be higher and the amortization possibly lower as you wouldn't be able to get a traditional residential loan (to my knowledge) on this package.
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19 June 2018 | 13 replies
I’d be interested to know what hurdles you gents are encountering and glad to offer up some help.
16 June 2018 | 12 replies
Most people I've encountered doing it have some relevant sales/marketing/construction background, and the wherewithal to have marketing budgets in the thousands of dollars.
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18 June 2018 | 1 reply
I have been watching every YouTube video I can, reading as many books as I can, and talking to every investor I encounter.
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1 July 2018 | 31 replies
Get disclosure packages, which listing agents will generally send out to anyone who requests them saying they are interested in the property.
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18 June 2018 | 2 replies
. #1 was what I was thinking, but I was not sure if you could “replace” the note with cash without affecting the 1031 process.I am hoping to buy a package of houses via seller financing, but the seller wants to 1031, so I am hoping I can convince them that this is still viable.
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25 June 2018 | 21 replies
Also, it make sense to build a credibility package.