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17 April 2024 | 9 replies
Paying off all the mortgages is a slower way, it's also safer.
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17 April 2024 | 4 replies
Seek advice from a financial expert or real estate specialist to enhance your comprehension of the real estate industry and funding alternatives.
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17 April 2024 | 4 replies
You may want to consider www.xero.com as a QuickBooks alternative.
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18 April 2024 | 6 replies
You may be better served searching for an alternative property.
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20 April 2024 | 34 replies
As I get older and look for ways to continue in RE investment I was simply looking for alternatives they would require less hands-on management than I have done for the last 25 years.
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18 April 2024 | 28 replies
Alternatively, by getting a job and apprenticing for a real business in the field.
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17 April 2024 | 5 replies
Looking for some constructive investment community discourse as I've had a few clients reach out recently about settling transactions in 'alternative' currencies or trading for real property.
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21 April 2024 | 240 replies
If only I could get a dollar $ for every time an investor asked me that question.You see guys, it's quite simple.Since our price points are super low (Only $60,000 - $80,000).Most of our investors have more then enough cash to purchase quite a few homes fairly quickly.Thus, we don't have a need to wait for 6-8 weeks to hopefully get the deal across the line via financing.To be honest, we also hate working with lenders and appraisers.Most of them drag their feet and appraisers are super conservative these days due to the Fannie Mae guidelines that were introduced after the fiasco of the Global Financial Crisis.So they are known to intentionally use foreclosed comparable sales to under-appraise properties just to protect their own A$$.This isn't genuine and I've always believed that if you can't fix something or make it better.You need to eliminate it.That's why we have eliminated all financing when buying through our company.I'm sorry.Now, for all of you thinking that you are getting a turnkey property as a "safer" investment for "fair value" just because the turnkey provider offers financing.Think again.After being in real estate for 10+ years and buying/selling over 500 properties world wide.I have seen all of the dirty tricks.An easy one is to influence the appraiser by smudging their eyes with supposed work performed on a house that never really was.Like a "converted attic", "newly installed HVAC", or a "rehabbed garage", etc...Most are too lazy to check these items and will just mark them on the sheet as "done".All of these items would unjustifiably increase a properties value in the thousands if not tens of thousands of dollars.At the end of the day, there are always going to be bad apples no matter what.Your job is to find the good ones.No matter how you decide to invest (With cash or financing).Find the right team and you will do well.Find the wrong one and it will end in disaster.I wish you all much success and thanks for reading.ps.
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17 April 2024 | 10 replies
Also remember that it should earn more than you could make with less-risky alternatives.
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17 April 2024 | 1 reply
Alternatively, I would consider solutions where a lawyer was not necessary. 1.