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2 July 2024 | 10 replies
It's like trying to find a needle in a haystack to find a county close to me that engages in this process.
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2 July 2024 | 2 replies
Last time I checked, there were hundreds of spreadsheets and I'm sure many of them are designed by/for flippers. https://www.biggerpockets.com/filesYou can always find fileplace at the bottom of every screen, left menu.I also recommend you go to etsy.com and search for "house flipping spreadsheet."
3 July 2024 | 20 replies
Some wholesalers have been known to engage in less-than-transparent marketing strategies to secure a deal, further straining the relationship.Questionable PracticesSome wholesalers may engage in practices that realtors deem unethical, like purposefully seeking out financially distressed homeowners and pressuring them to sell at prices well below market value.
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2 July 2024 | 8 replies
I was just trying to see if there was anything on the market thats simple to plug and play especially with offer templates designed and already integrated to send out as blind offers.For lead gen I do run an agency so generating buyer leads wont be an issue.
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30 June 2024 | 4 replies
Usually you will want to engage both a real estate broker and a business broker.
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1 July 2024 | 6 replies
I truly enjoy inspecting and seeing new designs first hand.
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1 July 2024 | 6 replies
Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.
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1 July 2024 | 10 replies
Engage Interested Parties: Follow up with interested parties and applicants who have disappeared.
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1 July 2024 | 7 replies
We call these SME webinars that are live every other week where members can engage with these professionals to get all their questions answered.
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30 June 2024 | 8 replies
Currently, we have one LLC that is engaged in several real estate aspects: BRRRRs, Flips, rentals, my agent commissions go through it, and contracts for general contracting.