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12 December 2024 | 37 replies
However, I know of some great wholesale nationwide providers/private companies.
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16 December 2024 | 15 replies
Provide some hope in your comments, rather than a longer and more fearful path.John
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12 December 2024 | 5 replies
Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.
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13 December 2024 | 2 replies
Over time, you can move to business credit cards and lines of credit that provide access to $50K–$250K or more.The best part?
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12 December 2024 | 6 replies
Definitely not doing the work myself so it sounds like resale value won't be impacted if I have a licensed person fix the issue and provide evidence/documentation that it was done correctly.
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17 December 2024 | 16 replies
With a loan of say 350k, and paying property management, it should still provide net profit of about 4k to 7k a year in year 2.
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12 December 2024 | 7 replies
There are many options, so instead of me listing a million things, it would be more helpful if you could lay out a few options you're considering, and I can provide some feedback from there.
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15 December 2024 | 14 replies
Check out these two articles that provide a good overview of the factors that affect qualification and loan amounts:DSCR Loans: What Are They And How To Get The Best Termshttps://www.biggerpockets.com/...DSCR Loans: How To Use Pro Strategies To Save More And Make Morehttps://www.biggerpockets.com/...
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15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.
12 December 2024 | 4 replies
However, if the deal is average, waiting to house hack could provide a better foundation for your portfolio.