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3 September 2024 | 32 replies
You may need to be a licensed real estate broker/agent to wholesale legally in many jurisdictions7.
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29 August 2024 | 3 replies
The broker and realtor know my long term goal is dozens of units.
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9 September 2024 | 52 replies
@Michael GondaIt is a bit different in the commercial space, where you need to cultivate broker relationships.
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2 September 2024 | 24 replies
Also appreciate any investor broker or lender tips!
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2 September 2024 | 12 replies
Turnkey operators don't work like that and they are more like a broker collecting a fee for their work (regardless of the long-term performance).
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1 September 2024 | 10 replies
I am looking to buy again in the next six months.Here’s the situation:I own a home in San Diego, currently worth about $1.05 million once the ADU is built.I owe $680k on the mortgage at 4.25%, with monthly payments around $5,500.The property generates $7,500 in monthly income: $5,200 from the main house as a vacation rental and about $2,300 from the ADU as a mid-term rental.My broker is advising me to do a cash-out refinance and switch to a DSCR loan, then move the property into my LLC.I’m hesitant because current interest rates are around 8%, and I was originally considering a HELOC due to these high rates.Given the high rates, would you recommend sticking with the HELOC, or does the DSCR loan make more sense in the long run?
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1 September 2024 | 4 replies
Ill shoot you a DM I know a great broker there that can help in home selection and contract negotiation, but cannot improve the ROI if it simply isn't there
1 September 2024 | 4 replies
It's best to get licensed so you will have a competent broker, a second set of eyes on the transaction who will help keep you out of trouble.
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1 September 2024 | 2 replies
The buyer can just include in any offer as a term of the offer that the seller pay their buyer broker.
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3 September 2024 | 20 replies
I was a RE broker doing acquasitions for a large syndicator in the 80s in San Francisco / Sacramento market.. and thats what brought down their billion dollar buziness taking reserve money from good projects to prop up losers..