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1 August 2024 | 22 replies
Originally posted by @Bob E.
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30 July 2024 | 1 reply
The property had a main house that was in livable condition, but mostly original from 1986.
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30 July 2024 | 6 replies
Once fully satisfied, the split becomes 50/50.When accessing this deal, here’s what went through my mind:A PMP would have to be okay with holding their funds long-termThe borrower would need to be experienced with doing wraps, as it takes time to get willing and able buyerThe borrower would need experience in pivoting to a different exit strategy should they fail to successfully execute a wrapWith NO EQUITY on the property originally, and the PMP being in second position, the borrower would likely need to cross-collateralize if the PMP has NO INTEREST in taking over the propertyMy conclusion, from looking at this from a thoroughly analytical standpoint, would be only someone who has a moderate to high risk tolerance and cares about cash flow without pulling out and parking their money into numerous deals would likely lend on this.Anyways, thoughts anyone?
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1 August 2024 | 16 replies
Additionally, I wasn't able to get the original rent amount I estimated, so that had an impact on the deal.
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2 August 2024 | 21 replies
Deal flow from Association members I believe that in my early years about half my deals originated from Association meetings or members I met (1978 - !
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30 July 2024 | 13 replies
Then you can raise prices, above your original Deal analysis.
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29 July 2024 | 7 replies
If your original lender took care of you, call them first.
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30 July 2024 | 30 replies
Also we just put a Amazon basic lockbox down low adjacent to the door with a spare inside.we also have a back up to the back to lock box hidden if someone should forget to replace the key when they leave or loose it from the original back up lock box.
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30 July 2024 | 8 replies
They used to be the best, but now so many seem to outsource the process and maybe both the originating CU and the people they actually farm the loan out to try to make some bucks off it.
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29 July 2024 | 3 replies
When I contacted the person who originally sent me the property, she asked "how do we get paid on this?"