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27 January 2025 | 7 replies
@Ike Okwerekwu Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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16 February 2025 | 20 replies
If they owned the house within the past 5 years, it will count as an asset even if it's been sold.
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20 February 2025 | 51 replies
Quote from @Joseph Soto: I’ve learned a ton from Pace Morby, and honestly, he’s changed my life in more ways than I can count.
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24 January 2025 | 5 replies
I hope all the best for you and hope to cross paths again someday.
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8 February 2025 | 18 replies
Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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22 January 2025 | 4 replies
We packed up and drove cross-country, arriving in Ohio on Christmas Eve in 1991.
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29 January 2025 | 32 replies
This question crossed my mind recently after reading a post and some comments discussing whether an investor is experienced enough to raise capital from outside sources.
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17 February 2025 | 105 replies
., whatever) it pops up another offer right on your face (meaning, they keep trying you to whatever cross selling, it is really a simple sales tactic, a psychological trigger to urge you to a decision to buy something). 3) Close the damned pop up, scroll down to the bottom of the page, and check anything on the footer that says "Privacy Notice - Terms of Use - Disclaimer" (It will be active and linked to another page, if it is underscored on hover of your mouse) - I went for the sweet "Terms of Use" - this is either a bought or internet stolen general legal terms twisted a little to fit their business verbiage façade (but you will see many errors of any kind), and here is the thing: legitimate businesses are really verifiable, and provide legitimate links!
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18 January 2025 | 8 replies
Tell them you want to do a Commercial Loan using Cross Collateralization with the first property.
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14 February 2025 | 161 replies
As unit count grows there is an arch of risk exposure that grows, crests, then starts dropping very fast.