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14 December 2024 | 36 replies
I'm in the same boat but I mostly want to close commercial transactions.
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25 November 2024 | 4 replies
A low-cost investment in fencing or a gravel driveway could make the land attractive for outdoor storage.Recreational Use: Open the land for recreational activities like ATV riding, horseback riding, or camping.
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5 December 2024 | 15 replies
No appraisalI realize I don't get to choose the terms when using a white label service but I'd like to get close until I have my own funding.
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5 December 2024 | 4 replies
Main questions should ask about the seller's:- Reasons/Motivations for wanting to sell- Desired timeline to close- Plan's after selling (relocation, reinvesting proceeds, 1031 exchange, etc)- Back-up plan in case they are unable to sell within the desired timeline- Reasons for not already selling to/with a investor or RealtorAdditional questions will depend on the type of seller lead i.e. pre-foreclosure, probate, fsbo, absentee owner, etc.Here is an example of a youtube search you can use to begin finding call recordings.There are 1,000s and you'll find that the best/most effective ones don't even sound like sales calls.
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13 December 2024 | 16 replies
(I might call her back to ask her to remind me why this made legal so uncomfortable.)I ended up going with Titan rather than Solera only because when I called another law firm, they said they have a close working relationship with Titan and would recommend them.
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5 December 2024 | 1 reply
All North DFW has the highest appreciation while South DFW will be giving you the better cash flow.If this is your first rodeo, then I would suggest to be close home if you are also planning to self-manage.Then the age of the properties and access to highways.
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7 December 2024 | 18 replies
To update this, we are closing on this loan on Tuesday.
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11 December 2024 | 11 replies
For instance, a close buddy of mine in Chicago told me about a client of his who pulled out equity from a sleepy duplex and funneled it into a fourplex near Logan Square.
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6 December 2024 | 2 replies
These don't require you to live in the property, so you could close with the existing tenants in place and then move in once their leases expire.
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10 December 2024 | 7 replies
Most lenders are going to want to see a few big things from the ownership group. 1) The borrower will be the enitity (LLC, S-Corp, etc) and any owner with usually 20% or more of ownership in the entity will be expected to guaranty the loan, 2) We'll want to see some experience doing similar projects from at least one of the main owners, 3) We'll want to see bank statements showing liquidity enough to cover the intial cash injection (down payment), the closing cost, and some cash in reserve.