
12 November 2024 | 26 replies
thanks for that so is 1.5% bad bc that's what that person messaged me there is no regulation on Transactional funding basically its whatever you can negotiate.. 1% is the going rate from most.. some will be higher some will be lower.. just google around for TF funding and and talk to a number of those funders to find your best deal.there are half a dozen of these folks or so on BP that do provide this service maybe they will catch this thread or maybe you do some snooping around on the site and find them.

11 November 2024 | 11 replies
Unless you're 110% confident in the MF purchase and you can drive up the value of the building quickly (6-12 months) and then secure longer-term fixed financing to pay off the HELOC or loan.

11 November 2024 | 9 replies
All your first set of questions can be answered by looking online or calling several local competitors.Your accounting questions though, show such a lack of basic knowledge that you probably shouldn't be doing this until you have more experience.

10 November 2024 | 5 replies
It's tough for out-of-towners to compete and find a good deal, but if you're here and can drive the streets in your neighborhoods, do that!

13 November 2024 | 17 replies
That is your interest cost basically.

12 November 2024 | 15 replies
I also thought of renters as people who are basically poor and can't buy a home. 15 years later I think that's funny.You can look up demographics, but I don't think it will give you the clarity you are looking for.

10 November 2024 | 3 replies
Basically, the higher the ROI you want, the more riskier properties you'll be forced to target.

12 November 2024 | 11 replies
It’s flexible and can help you fund deals quickly.Lease Options: Similar to “rent-to-own,” you control a property with minimal upfront costs and can potentially get a cut of the appreciation if you decide to buy it later.Lines of Credit: If you already own a property with equity, a HELOC or business line of credit can give you accessible funds for down payments or renovation costs.House Hacking: This might sound basic, but if you haven’t tried it, it can be a fast track to building up rental income and experience without a ton of cash down.

8 November 2024 | 12 replies
Do you mainly rely on driving for dollars, online platforms, or networking with other investors?

12 November 2024 | 10 replies
We’d be happy to chat and even set you up with a risk-free test drive if it feels like a good fit!