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9 November 2024 | 17 replies
(Say 60% LTV) Do you have enough reserves to go after the collection of this debt if they stop paying?
6 November 2024 | 4 replies
And collect income, pay bills etc.
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8 November 2024 | 10 replies
Construction skills, loan skills, financing skills, legal understanding, real estate transaction skills, etc all greatly help.Personally I wouldn't deal with someone that has no money, lacks experience, or some kind of resources.
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7 November 2024 | 12 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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12 November 2024 | 26 replies
The big wholesaling shops in our states are spending their own resources to actively lobby for wholesaling to prevent it from being banned.
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7 November 2024 | 6 replies
Our brokerage has a tremendous amount of resources that would be helpful.
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5 November 2024 | 4 replies
We will lose out on $100k but get our cash out and the new investor will clear $100k by sitting on a deal for a year (while collecting rents).Does this seem feasible or something that would be attractive to an investor?
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7 November 2024 | 15 replies
Here is an update : https://chicagorealtor.com/advocacy/advocacy-resources/northwest-housing-preservation-ordinance-issue-summary/The DOH has posted the forms required to be in compliance with the ordinance which means any properties not under contract by 11/9 will need to be pulled off the market and 30-60 days notice must be provided before listing.
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6 November 2024 | 12 replies
Are there any marketing resources in the BiggerPockets community that I can also look at?
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12 November 2024 | 17 replies
There's tons of resources out there, and the annoying thing is that almost each one works to a certain degree.