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19 December 2024 | 7 replies
I reached out to RTR, they referred me to another contractor which gave me a bid that would increase the construction cost by 100K - or they offered to buy as is and I would take a 160K loss.It is terrible to fell this dumb!
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18 December 2024 | 8 replies
Make you're offering an R&D one, so you will have to do what it takes to make yourself that.
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19 December 2024 | 2 replies
These tend to offer personalized service without getting lost in the shuffle.Verify Their Specialization: Some companies are better with single-family homes, while others excel with multi-family units.
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17 December 2024 | 0 replies
The property was well-located and priced under market value, offering a clear path to profit without needing significant renovations.
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17 December 2024 | 1 reply
Strategies include offering owner financing, allowing trade-ins, or providing lease options.
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19 December 2024 | 6 replies
The best advice I can offer is to focus on building connections.
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22 December 2024 | 21 replies
Listen to Wale Lawal above.You'll be getting offers and off-market deals from everyone and their sister.
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18 December 2024 | 12 replies
I’ve had several investor clients go with a new (to me)/ unproven lender because of a slightly lower rate promise only to get burned by that lender (closing costs were higher, appraisal costs much higher and appraisal was a nightmare, main point of contact gave us the clear to close as we passed our financing contingency then just before closing someone from the underwriting department we previously didn’t know existed said we need a few more days and seller didn’t agree because they had a higher backup offer, jeopardizing the earnest money and losing the property, etc).
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19 December 2024 | 10 replies
Start with a rental that has modest rehab requirements such as updating kitchens and bathrooms and make sure you qualify for permanent financing through a lending source that offers interest rates similar to that of a bank.
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18 December 2024 | 1 reply
My goal is to learn as much as I can, connect with experienced investors, and start building my portfolio.I believe wholesaling offers a great opportunity to get my foot in the door without the large upfront capital required for traditional investments.