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20 August 2024 | 2 replies
There are good sponsors that have a bad deal but what I have seen typically is the sponsor lacks significant experience - they have experience in marketing and raising money - which is not hard when you are promoting 15%-40% returns that clearly were not achievable on a consistent basis.
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20 August 2024 | 11 replies
This team consists of an Investor Focused Agent, Lender, Contractor, and PM.Read this article on the "core 4".
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19 August 2024 | 3 replies
If you secure the automotive window tinting job with a consistent salary of $60k-$70k, that should satisfy most lenders as long as you can show steady pay stubs.
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20 August 2024 | 21 replies
Property managers can handle tenant screening, lease agreements, rent collection, and even routine maintenance with a network of reliable contractors, which could save you the headache of finding a trustworthy handyman remotely.That said, if you feel confident in your ability to manage these aspects remotely and have reliable contacts in place, you might be able to save money by doing it yourself.
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20 August 2024 | 17 replies
If you start one, you are no longer a landlord but also have to work on all aspects of running a business!
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23 August 2024 | 181 replies
I used to use Podio and still have an account--but it failed on the automation aspects.
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19 August 2024 | 13 replies
To invest in a house hack, consider income consistency, minimum monthly income, emergency fund, extra savings, debt-to-income ratio (DTI), financing options, stabilizing income streams, starting small, and rental income consideration.
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17 August 2024 | 12 replies
Our pain point used to be how to manage each aspect of STR.
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16 August 2024 | 0 replies
Key metrics include# of assetsAsset typesRisk ProfileDate of acquisitionsTotal CapitalizationTotal EquityTotal DebtSponsor GP shareSponsor Role# of exitsRealized IRRs, EMsSponsors with a consistent track record of delivering projects on time and within budget are more likely to execute future projects successfully.Risk AssessmentIdentify and evaluate potential risks associated with the sponsor's ability to execute the project successfully.
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19 August 2024 | 6 replies
If you'd like some help with the investment property aspect of this I'd be happy to take a look.