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7 December 2024 | 35 replies
Your bank today on the loan might have sold the loan to someone else, kept the loan and the bank was bought out by other bank, not loan as much on commercial real estate anymore, etc.
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14 December 2024 | 101 replies
The resources we had:- a bank (conventional) that lends money up to 35k for 650 credit score- hard money lender with APR 120%- seller/community (who acts like he doesn't want to talk at all)- a real estate mentor that costs $35K to useThe "answer" to this exercise was:Use personal credit to borrow from the bank and spend the $35k on mentor, and then mentor has the "connection" with the community bank to negotiate a deal and brought a 70K property for 40K with FMV of $140K.
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12 December 2024 | 6 replies
Some sleep better at night with zero debt, while others love to use leverage and are willing to take on more risk.Community banks right now will go with 80% LTV.
8 December 2024 | 2 replies
If you think this is your comp and you did the work without permitting it, the value from the bank will not be the same as the other comp sold because they will ask for permits/city confirmation this was truly added to give the value.
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2 December 2024 | 0 replies
As my portfolio grew, I became laser-focused on the work in front of me.My wife and I own Cozy Co-Host LLC, a short-term rental management company based in Atlantic City, NJ.
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2 December 2024 | 0 replies
As my portfolio grew, I became laser-focused on the work in front of me.My wife and I own Cozy Co-Host LLC, a short-term rental management company based in Atlantic City, NJ.
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7 December 2024 | 18 replies
If financing, is it better to get a bank loan or finance at the dealership?
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12 December 2024 | 5 replies
There was client bank account information in the folder and she could have done significant further harm to our business.
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4 December 2024 | 5 replies
We have been hosting an investor meetup on the first Saturday each month for the past 3 years.
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2 December 2024 | 0 replies
Also worth noting you get a free month of Host Camp.