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16 October 2024 | 14 replies
This holds true for contractual relationships as well as partnerships.
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16 October 2024 | 5 replies
It’s one of those situations where the fine print can really bite you if you're not careful.From what I read in the Wall Street Journal a while back, a lot of these deals tend to come down to relationships.. having a good banker who understands the value of your policy is key.
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16 October 2024 | 6 replies
I would like to get some ideas how to expand the connections here with amazing agents, wholesalers and house sellers in more creative way.I believe in a good relationship when it comes to business ;)Thanks!
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15 October 2024 | 2 replies
I've been trying to use this formula but lost some excellent deals.
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17 October 2024 | 20 replies
You often hear from real estate investors who scaled businesses attribute their success to great contractor relationships, a realtor who helped identify an underserved housing need, lenders who gave them a chance despite not having a balance sheet, even good attorneys who navigated them through entitlements or perhaps accountants who educated them on tax saving strategies.
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16 October 2024 | 7 replies
Some lenders may still offer 10% down, but they might require strong compensating factors such as excellent credit, higher reserves, or a low debt-to-income (DTI) ratio.The requirement for 12 months of reserves is common with jumbo loans right now, especially in Southern California, where property values are high.2.
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15 October 2024 | 15 replies
@Jack LeeTo improve deal analysis skills, use BiggerPockets Calculators, YouTube channels, podcasts, books, online communities, Excel spreadsheets, and local networking events.
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18 October 2024 | 8 replies
Or maybe the software(s) I've used don't really generate much fluff, haha.Just my way of setting someone up to be the best prepared they can be, even if our relationship doesn't continue to the next year for whatever reason.That being said though, I think there is a bit of a stigma when it comes to # of pages on a tax return and complexity.
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17 October 2024 | 6 replies
I've developed some great relationships and also a business partner from these meetings.
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15 October 2024 | 2 replies
He was recommended to me by a big-time investor in Kansas City that I had built a relationship with, and other local investors also vouched for him.Although the 8-unit deal didn’t end up closing, I felt confident about using that lawyer if it had gone through.