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10 December 2024 | 3 replies
Pro:- it’s trained to look for safety risks, expensive repairs- within minutes analyzes entire disclosure packet of hundreds of pages- works as another set of eyes that looks for things you should be watching out for, likewise of a companion - great to quickly learn of property conditions from the actual documents while on the go (given that you still follow your own due diligence process)- beta is freeCons:- still in beta- can’t share report directly unless copy and paste- only core documents (home inspection, pest, roof, tds, hazard, solar) are supported but not regional specific disclosures like hoa- estimates it provides aren’t accurate- not mobile friendly
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13 December 2024 | 16 replies
Their new online system is really confusing, and I have had to call customer support for help each time I needed to wire/ACH funds because I could never figure it out on my own (and their customer service chat box isn't set up yet).
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10 December 2024 | 4 replies
We converted the attic to a coworking space with a community kitchen, front and back outdoor patio and gathering spaces.This is where you can...
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15 December 2024 | 7 replies
Exactly what i was looking forIf the rental income can support a higher loan amount, the path to getting the most cash back out of the property is to complete the renovations first and then cashout refi after.
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12 December 2024 | 4 replies
This is an amazing community for learning and growing in real estate investing.
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19 December 2024 | 82 replies
Are there communities where you can acquire homes for around $100K or less AS IS that will have After Repair Values of $170K or more.
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9 December 2024 | 3 replies
Socially awkward but need support.
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11 December 2024 | 3 replies
Hey BP community!
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3 December 2024 | 6 replies
In a community property state like California, if your SMLLC is considered jointly owned due to community property laws, transferring a jointly owned property into it might not trigger the due-on-sale clause.
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14 December 2024 | 101 replies
The resources we had:- a bank (conventional) that lends money up to 35k for 650 credit score- hard money lender with APR 120%- seller/community (who acts like he doesn't want to talk at all)- a real estate mentor that costs $35K to useThe "answer" to this exercise was:Use personal credit to borrow from the bank and spend the $35k on mentor, and then mentor has the "connection" with the community bank to negotiate a deal and brought a 70K property for 40K with FMV of $140K.