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5 December 2024 | 2 replies
There's quite a supportive investor community here.First tip: come to a monthly meeting of ORREIA (https://www.orreia.net/).
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13 December 2024 | 16 replies
For anyone interested, here's what happened at each bank:1) The credit union turned me down because 1) the LLC isn't local, 2) they had no way to enter an IRA as the owner of the account in their system, and 3) they were concerned about not being able to control my appropriate use of the funds as manager. 2) Wells Fargo - I went to the local branch who didn't have availability to meet with me and sent me to the next town over 40 minutes away for an appointment with a "specialist" who could help me.
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5 December 2024 | 3 replies
When I was stationed in Northern VA, high costs had me stuck until I sold my Corvette to meet my DTI ratio and get a condo using my VA Jumbo LOan—one of my best investments.
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18 December 2024 | 45 replies
I constantly get in arguments with real estate investors over loan leverage and perceived risk when I say I will sleep better at night as the guarantor of a $6M loan backed by a $10M property in a good location that has high occupancy rates and meets a reasonable debt coverage ratio over the $80K loan backed bv a $100K property in a lower tier neighborhood.
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7 December 2024 | 1 reply
The system must be large enough to meet the building's annual electricity usage.
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5 December 2024 | 2 replies
I highly recommend attending real estate networking events to meet more people is this space and pick their brain and learn more from their projects and see what is working and what is not.
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14 December 2024 | 42 replies
Because of this, I have been meeting with different people in different areas and building a team which helps me to find and buy my first property although it hasn't been easy.
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7 December 2024 | 12 replies
I'd suggest you meet Julie Hudleson Schmidgall with METEC.
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5 December 2024 | 11 replies
Quote from @Ryan Daulton: Do you mean an REI meet up or mastermind?
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12 December 2024 | 18 replies
Then the few that are remaining you can look closer at their track record (often after signing an NDA) to see if it meets your other criteria or not.Good luck.