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17 October 2024 | 0 replies
(It’s doable, and I can show you how it’s done.)What else is wrong with this ad, you ask?
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18 October 2024 | 2 replies
🚀Good luck, brother – feel free to reach out if you need anything else!
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19 October 2024 | 5 replies
Flipping puts money in your pocket, after paying taxes, but then you have to invest that money into something else to build wealth.
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18 October 2024 | 13 replies
Touching on what everyone else has mentioned, it can be illegal.
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20 October 2024 | 14 replies
@Andrew MontgomeryNot sure if you can access some of your 401k and roll it into a self directed IRA to start investing as a passive investor in someone else's deal, to learn while you earn.You are looking at it linearly.
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20 October 2024 | 3 replies
If you know the sellers didn't see the offer to extend and verbally agreed, I'd tell the listing agent that (call using someone else's phone).
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17 October 2024 | 26 replies
Jack,since you run Gelt and do private lending, think of being in first position on a loan with a private lender and that lender just randomly assigns the loan to someone else without advising you.
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17 October 2024 | 5 replies
Is there something else I should be doing right now to help my chances of success?
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17 October 2024 | 8 replies
Curious to see if anyone else has heard of them or know if the company is legit.
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17 October 2024 | 12 replies
I feel a bit stuck in this scenario, and I could use some advice.I'm raising some money from private investors and wanted to run some options by more experienced posters, because I'm a bit unclear as to what the best way is to structure my deals with private investors, or if there are better options that I'm not considering.Here are some rough numbers to capture a deal that is on my radar:Loan amount from investor: $110kYearly Interest Paid to Investor: 7%Monthly Rent from Property: $1300Monthly Interest-Only Payment to Investor: $642Monthly Property Taxes: $71Monthly Insurance Payment: $71Property Management fees: $104Net Cashflow: $412Now, this is not a bad outcome, and I am fine with it, but I am wondering what someone else might do differently if you were in my position - Should I charge an upfront fee to my investor (maybe $5k or so for this deal and also keep the cashflow as my monthly management fee), or would you instead use the $110k from the investor to BRRRR a bunch of deals, or would you try to just use the capital for one deal at a time?