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4 February 2025 | 1 reply
The more specific you are the better you can find a the right kind of coach.
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29 January 2025 | 24 replies
Also you have to understand what kind of investor you want to be.
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20 February 2025 | 10 replies
Check out time, where to take trash on Tuesdays, things like that.
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13 February 2025 | 10 replies
Unless the borrower is self employed and takes a lot of expenses to show lower income on their returns then it usually makes sense to pay a couple thousand a year in higher interest (you can pay like 4,000 a year in additional interest for DSCR if you are saving 30+k on your tax bill kind of math lol)
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22 February 2025 | 7 replies
I'm kind of a purist, but I'm hesitant to put in an all new floor (pull up the old ones, level the new wood flooring on the beams) because A) It's expensive B) it's a loud, big job and I have tenants on the floor below.
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15 February 2025 | 2 replies
At this point I'm realizing can scale a lot faster with those partnerships, and beginning to try and understand the actual structure of the business behind these kinds of partnerships.
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22 February 2025 | 8 replies
In this instance what I would do is get the deed in lieu from the borrower so you ahve the property again and get a note from them but have an attorney draft it to see if you can include a confession of judgment - meaning if they do not pay then you can get a quick judgment and possibly garnish wages.I would also have them put a small down payment as part of the note and only accept a check that way if you ever did garnish you have a copy of a check so you know where they bank.unfortunately you are right they can stop paying on the note and its unsecured so its a risk but out of all the options this is your best option.
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12 February 2025 | 0 replies
Fix and flip for profit was kind of a no brainer since I could do all the work myself.
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17 February 2025 | 8 replies
If that's not an option then it depends on what kind of investor you want to be.