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5 August 2024 | 8 replies
Typically Credit Unions are good sources of capital for Lines of credit but when it comes to refinancing there seems to be quite a bit of red tape.You want to work with a broker who essentially has the entire mortgage industry in the palm of their hand and can put you into the product best suited to meet your needs.
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5 August 2024 | 6 replies
Meaning, they are not willing to:- sell their property off market- go into contract with a wholesaler- sell their property for a discount (i.e. they want 'top dollar')In cases like these, an agent can still assist the homeowner by helping them sell the traditional way.That said, wholesaling can be lucrative so I echo the advice you've received here - get out there and speak to people in the industry who are willing to share helpful information.All the best!
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4 August 2024 | 10 replies
That statistic is an indicator that local industry wages can't hold up to home valuations which is a recipe for disaster in my eyes.
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2 August 2024 | 3 replies
Currently, the store space is zoned for retail and the variance would allow it to host events there such as birthdays, office parties, wakes, etc.
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1 August 2024 | 10 replies
I also have experience with retail, both my wife and I started and used to run a clothing shop while we both were busy (me with my company and she with a corporate job), for around 5 years before we decided to sell it.
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3 August 2024 | 3 replies
None of the names listed above appear to be pivoting into the homeowner association space, yet here in the northeast USA it's still quite a fragmented industry outside of the major urban centers with established and deep-pocketed PM firms.
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4 August 2024 | 37 replies
Yes, it is extremely common in our industry.
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5 August 2024 | 21 replies
I buy properties that are below retail and there are plenty around the area.
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4 August 2024 | 12 replies
Mortgage rates declined to their lowest levels in over a year, a sample of more than a dozen industry professionals said they were quoting most borrowers in the high 5% to low 6% range on government loans and in the mid-6% range for conventional mortgages.
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2 August 2024 | 12 replies
At the end of the day, having adequate capital to purchase deals is a crucial part of this industry.