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20 February 2025 | 6 replies
@Kiryl Ulanovich,You're on the right track:Get Pre-Approval from Hard Money Lender – Know your terms and limits upfront.Find a Deal Through a Wholesaler – Verify numbers and ensure it meets your criteria.Review the Assignment of Contract – Confirm terms, earnest money, and contingencies.Conduct Due Diligence – This includes an inspection (if allowed), verifying ARV, and rehab estimates.Submit to Hard Money Lender for Final Approval – Lender will review title, contract, and property condition.Title Search & Clear Any Issues – Ensure a clean title before closing.Close Through Title Company – Finalize funding and take ownership.Consider also lining up contractors early for a smooth transition into renovations.
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20 February 2025 | 4 replies
My goal is to acquire and stabilize these larger properties using private lending to fund down payments and renovations while executing a BRRR strategy.I’d love to connect with private lenders or experienced investors who’ve used private capital for similar deals.
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18 February 2025 | 2 replies
Lot of experienced investors told me I was crazy for taking this propject but I didnt listen to them.
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20 February 2025 | 8 replies
Our minimum Standard is 620 credit score, 3x rent in monthly income, no prior evictions, and last 3 landlord good reviews.
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15 February 2025 | 11 replies
I see many good reviews from the past.
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19 February 2025 | 2 replies
I really wish I had seen a detailed review of Foundation Property Management (FPM) or TurnkeyInvest here on BiggerPockets before signing on with them several years ago.
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11 February 2025 | 13 replies
They also get a small bonus on every review they generate.
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19 February 2025 | 10 replies
Even if you personally have just a modicum of design aesthetic sensibility, after reviewing 20 or 30 properties, you will quickly be able to get a sense of the winners.My 2 cents,Mike
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23 February 2025 | 0 replies
You need to constantly hunt for deeply discounted properties, compete with experienced investors, and deal with unpredictable sellers and cash buyers.
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21 January 2025 | 10 replies
I was told by a local experienced investor that insurance companies will always go cheap with paying out to contractors in the event a property needs to be rebuilt.