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2 December 2024 | 6 replies
The vast majority of "regular" or traditional (Conv/Govt) mortgages are originated by specialty lenders and brokers and are sold in the secondary market to provide yield on bank balance sheets (think Chase or BoA) or to be securitized into MBS.
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30 November 2024 | 10 replies
After I learnt what I had to by making mistakes, hosting open houses, and closing a few deals - I switched to another brokerage that dealt mainly with offmarket properties and investors (both residential and commercial).
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27 November 2024 | 2 replies
Also I would love to connect with hosts and investors in the Austin, TX area :) 1.
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2 December 2024 | 19 replies
They have an app, scan your mail, forward mail, and will even deposit checks (forward/mail to your bank).
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4 December 2024 | 5 replies
Because interest rates are high right now it probably doesn’t make sense to pull extra cash just to stick it in a bank account.
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5 December 2024 | 5 replies
These strategies can allow you to acquire properties without traditional bank financing, which can be beneficial given your current DTI and income situation.
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4 December 2024 | 6 replies
There are several benefits of having cash in the bank/liquid reserves versus an open end mortgage (a.k.a) credit card.
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28 November 2024 | 8 replies
The one you can scale.I know successful business owners in the fitness industry, tanning salons, real estate, window coverings, maintenance, billboard, ATMs, etc.Generally, I would be skeptical of jumping into a business based on YouTube videos hosted by and featuring people that are likely primarily trying to sell you their respective courses.Small businesses can indeed be great investments, but they are hard.
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5 December 2024 | 17 replies
This of course depends on your starting bank roll - but if its like mine (under 100k) - Im trying to put as little as possible into it on top of initial equity and fees.this will likely chew a big hole in your ROI (now if you are looking to improve value with a cash out refi or a great prospect comes along that needs combo new plumbing, roof, windows, foundation repair, etc - well just make sure you know what youre getting into and/or have a good contractor and finger on the pulse of the market when estimating the ARV YOURSELF - couple missed items and you risk having a bad first investment and not doing it again). 7) dont be scared be ambitious ( i should heed my own advice sometimes) 8) define numbers goals within your target areas.
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29 November 2024 | 10 replies
I would suggest trying someone local, may hosts have find their last resort at a local insurance company.