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11 July 2024 | 7 replies
The wholesaler probably doesn’t believe the deal will close, just wants a contract from you and sellers failure to sell as agreed so he could establish the lost profit due to seller’s non performance and sue for the $15k differential which is easier to win rather than specific performance.
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10 July 2024 | 24 replies
I am much more into forced equity and getting into larger projects myself, but I live right here and have built an excellent team around me.
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11 July 2024 | 22 replies
There are very few win-win-win scenarios with investing.
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12 July 2024 | 155 replies
Or you could even hire a co-host who doesn't have much experience who is looking to learn who would charge way less than an experienced PM - win win situation for both parties!
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10 July 2024 | 6 replies
What if the lender and house flipper continue to make deals and both come out winning.
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10 July 2024 | 1 reply
They have excellent payment history, and their credit can be explained with a history of opening several credit cards and a brief period during covid with a few missed payments.
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10 July 2024 | 19 replies
I can attest to the doc sets being comprehensive and templates being excellent.
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10 July 2024 | 6 replies
I love that you rented two of your bedrooms as mid term and short term rentals and made enough to pay for the mortgage and now you are going to use the rental income to show you can qualify for another property.This is an excellent strategy and one more people should consider doing in this inflationary environment to offset the biggest cost in their budget--housing.As you rightly point out, you can use this strategy with every house you buy accumulating a portfolio of houses that you originally started out living in as a primary residence every two years.Well done and more people should consider doing the same, or rent their garage, or shed, or a boat, or an extra car.Love it!
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11 July 2024 | 17 replies
If you are looking for someone to teach you syndication, a common thread is to start a thought leadership platform: podcast, post on LinkedIn, post on BP, create YouTube content.I would say, if you have almost no understanding of what Cap rates are, the basics of underwriting and excel modeling, how to find brokers, etc a mentor can help accelerate your learning.
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12 July 2024 | 40 replies
They just see the 13% and think--excellent--- lock it in.