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21 January 2025 | 6 replies
That happened we made the deal and not 6 months later I get an offer for 950k all cash from a developer doing a land assemblage..
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8 January 2025 | 4 replies
At our wealth management firm we have CPA's on staff, we provide overall wealth management services for high net-worth clients.
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13 January 2025 | 1 reply
The Outlook St deal offered a unique opportunity for a rapid turnaround with minimal investment.
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14 January 2025 | 4 replies
Sometimes, just offering to handle some basic admin work or help with marketing can get your foot in the door.If you’re not sure where to begin, you could take a quick online course to brush up on the tools or skills you think might be useful.
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4 January 2025 | 14 replies
A good friend of mine has a real estate related service business he wanted to scale.
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15 January 2025 | 10 replies
I’ve had to widen my search radius to smaller suburbs or target properties needing light cosmetic work to make the numbers work.Value-add opportunities: Adding amenities tenants love, like finished basements or upgraded kitchens, seems to justify rent premiums in this market.Navigating the competition:Be creative with financing: Seller financing or partnering with other investors has been helpful to secure deals when conventional offers didn’t cut it.Work with local agents and wholesalers: They often have their finger on the pulse of off-market opportunities, which is critical in a hot market.For those new to suburban Chicago investing, I’d say the key is finding the “sweet spot” neighborhoods—ones on the rise but not yet maxed out in price.
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15 January 2025 | 8 replies
For rentals in an LLC, most lenders look at the cash flow of the property (aka DSC Ratio: Debt Service Coverage) and your credit score rather than your personal income.
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10 January 2025 | 4 replies
Quote from @John Friendas: I am trying to find the cheapest funding on a property I recently offered on.
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13 January 2025 | 0 replies
We started with an offer of $1,000, but after some back-and-forth, we reached an agreement at $1,500.
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1 January 2025 | 26 replies
I've only ever sent out an offer like that once, and that was to a preforeclosure lead that refused to discuss the property, instead telling me "that's not how real estate works, just make me an offer".