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17 June 2015 | 7 replies
Much of both Dodd-Frank and the Safe Act was written at a 50,000 ft level, with interpretation and implementation pushed off on states.My advice, if you're serious about pursuing owner financing, is to find a good RMLO to handle your buyer intake & qualification and the servicing of your loans.
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1 July 2015 | 8 replies
Do you have any, or all, of the following experience and skills:Blue collarbackhoelicensed home installertransport driverelectricianplumberconcrete workremodelerOfficeresident intake and screeningresident relations/community relations/governmental relationsbookkeepingcollectionsWhite CollarCompliance Management SystemDeveloping and Implementing a Marketing Plan that makes sense for the style and location of the community you buy.Selling homes at a profit and closing the sale.Establishing some legal and compliant manner by which your prospective residents can obtain financing to purchase the homes you are selling.For 4 and 5 star communities with prospective residents who average credit score is above 660 you will need to develop good relationships with outside lenders.For lesser communities or for communities where the marketing is geared to draw residents with credit scores below 660, you will need to develop some form of seller finance.Developing consulting or vendor resources for areas where help is needed.The more you already know, the less outside help you are going to need.
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23 June 2015 | 3 replies
I suggest the first action you take is to first get some more education, then get a plan, then take action to implement the plan, in that order.You might have noticed that wholesaling is lot harder than they tell you in the seminars and books at the library.
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21 January 2016 | 14 replies
Stay put in your 3plex.Focus on the rental and as @Mehran K.said, take a look at the competition to weigh the level of upgrade to implement.
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29 June 2015 | 28 replies
How might someone utilize your services to implement a BRRR strategy in Cleveland?
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3 July 2015 | 20 replies
You can expect to pay thousands each month to the city in violations, plus the additional time/expense of remedying each one and getting it inspected (see above).AEP: NYC rolled out a program implemented by HPD targeting the 200 worst buildings in the city, based on violations.
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2 November 2021 | 5 replies
Ridgeview was acquired from 'mom & pop' owners and will go through an awesome value-add strategy by renovating the interior units, adding amenities, billing back utilities to tenants, and implementing a professional property management company to improve inefficiencies.
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15 October 2021 | 10 replies
Any other ideas I can implement before sending him the notice to vacate?
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27 October 2021 | 35 replies
I have more deals in the pipeline from identifying my criteria, I have confidence to speak with brokers, I am no longer fearful of submitting offers due to not knowing how I could close them and I know the steps necessary to implement the business plan.
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20 October 2021 | 6 replies
I would be happy to implement it into my model. thank you for your thoughts