
19 December 2024 | 9 replies
Now, this was all done with someone's private money so is it private money or hard money?

18 December 2024 | 25 replies
Quote from @Rob Calkins: It's so hard to find people that are actually doing this...

18 December 2024 | 6 replies
Hopefully as the rates and the housing market loosens so will some of these guidelines in the HML programs. from talking to hard money funds especially those who operate in more than 10 states, and 5 years of experience with underwriting teams, I'd actually disagree and say new construction is preferred to rehab due to experience level to enter the market. there's BP lenders that will do 15% LTC with 1-2 new build experience.

18 December 2024 | 3 replies
Typically, lenders don't look that hard into the LLCs.

20 December 2024 | 2 replies
I remember back when I was ramping up my own rental portfolio in those early-2000s San Diego days, I learned the hard way that ignoring “little” costs..like that termite treatment or the property manager’s onboarding fee..can turn what looked like a sweet deal into something that barely breaks even.Let’s say you pick up a property in one of those under-the-radar neighborhoods in Omaha or maybe on the south side of Chicago..markets I’ve seen a few colleagues dabbling in lately..you’ve got to be ready to get real about the numbers.
20 December 2024 | 2 replies
I don't know how to make this happen but the numbers work well, so I'm looking for creative advice/equity partners/private money/hard money for how to make this happen, and then when my business sells I can pay back the loan and find financing at that point to continue the rehab.

19 December 2024 | 4 replies
The only people who succeed at birddogging are the ones who learn everything they can and know it's going to be a low-paid slog so they do the work hard and one day it changes because you have earned more.

19 December 2024 | 22 replies
It's winter, hard to find tenants. the last thing we want is bad tenants who don't pay, though, so while it is listed a bit lower than market it is not a screaming bargain.

17 December 2024 | 14 replies
First - a 12 month hard money loan to acquire & rehab.