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11 February 2025 | 25 replies
No system is perfect, so don't waste your time chasing after the next shiny object.
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4 February 2025 | 31 replies
I have not talked to him one time.
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20 February 2025 | 1 reply
I know it isn't much but it was the first time I actually did something besides watch a video and for me this was very exhilarating.
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18 February 2025 | 0 replies
What Blackstone’s Sale of First Eagle Investment Management Means for Real Estate InvestorsBig news in the investment world: Blackstone, the global private equity giant, is reportedly selling First Eagle Investment Management—a move that has major implications for financial markets.
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22 February 2025 | 1 reply
Bathroom:Demo & Prep ($750):DIY toilet, vanity, and flooring removal.Professional plumber for plumbing adjustments.Toilet ($250):Standard, efficient model.Vanity & Sink ($900):A modest-sized vanity and sink combo.Flooring ($500):Wall Tile (Shower/Tub Area) ($1,000):Basic ceramic tile for the shower/tub surround.Shower/Bath Fixtures ($250):Update showerhead and faucet.Lighting & Paint ($250):DIY painting.Update light fixtures.Permits & Contingency ($3,000)Total rehab cost: $30,500Amount Needed: $30,500ROI: 45% of $30,500Investment Duration: 30days Profit: $13,725Total payout in 50days: $44,225EMD: The buyer has put down a 20% earnest money deposit based on the property’s ARV and they are all set to complete the purchase as soon as the rehab is done.To find out more about our Joint Venture projects, please visit our website: http://strandparkproperties.comWe're able to guarantee the return on investment (ROI) by finding buyers for the properties before listing them on our website for possible joint venture fix and flip.
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18 February 2025 | 17 replies
The great part about contacting the CDC directly (and a large one such as TMC) is they can make referrals to banks that would be interested in your project (i.e. banks that have been actively doing SBA hotel loans)...rather than you having to chase down the bank first, which can be very difficult.Regular commercial lending requirements are applicable (will vary by bank):1 - no bankruptcies2 - no foreclosures3 - FICO > 7004 - net worth >= loan amount5 - post closing liquidity >= 12 months of P&IIf this works out, you are going to be glad that you made this post.
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21 January 2025 | 1 reply
Hello everyone in the BP world. I live outside of Charlotte in a small town called Denver (of the East). I am currently self employed as a GC with my own company: Carolina Premier Homes. We have been in Business since...
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19 February 2025 | 9 replies
I've got a little time to figure something out but not much.
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16 February 2025 | 27 replies
I see the discussion, but it's talking about the amount "Jim" can take for the next loan, not anything about the time period between when one loan is paid off and the time until he can request a new loan.Asking more out of curiosity, I would be surprised if John Hancock had something incorrect posted on our retirement plan web page.
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5 February 2025 | 16 replies
@Justin Smith With seller financing, he doesn't have to "pay" anything for the down payment since he's accepting an "IOU" from you that you'll payback in some amount of time.