Aaron Costello
Finally Setting up my account
21 January 2025 | 7 replies
Local property managers or agents can often provide trusted referrals, and real estate meetups are also great for connections.Wishing you the best!
Patrick Pan
How to find concealed eviction records
31 December 2024 | 17 replies
You may be able to confirm their most recent address through some online resources like whitepages.com or on their credit report and then look up the owner.
Anthony French
Any ideas or information finding funding for a development
24 January 2025 | 6 replies
Address Your Financial ProfileBridge the Revenue Gap: Highlight your equity in the duplex and use your sale proceeds to demonstrate “skin in the game.”Partner to Compensate Experience: A financially strong and experienced partner can help offset your limited track record.Focus on the Land Deal: Secure the land at a good price, as it’s a crucial step in gaining credibility and attracting partners.Final ThoughtsYou’re entering an exciting and impactful space in real estate development.
Chris Magistrado
Buyer wants to do an Inspection?
23 January 2025 | 24 replies
Ultimately, it’s about trusting your gut and assessing each situation individually.
Pierre Tran
Advice Needed: Options to Cash Out My Equity Without Disrupting a Seller Carry Deal
13 January 2025 | 1 reply
You've only owned it six months, so you probably haven't dealt with vacancies, maintenance, or capex, but you should be setting money aside for those things.Your partnership agreement (if you have one) should address exit options.
Colton D Lawrence
Creative ways to Improve Debt-Income to Qualify for Loan Approval
14 January 2025 | 1 reply
I've heard that some people have used a trust account or something similar as a method of income, if you can prove history of payments and continuation of these payments.
Kyle Carter
Sub 2 Financing
7 January 2025 | 7 replies
For me as well as the seller.First, you have to define Sub to financing.Do you mean the reckless kind where you overpay for a property, take over the financing and borrow from others to cover closing costs and holding costs when you have no money, no credit, no income, no reserves and can't tell a warranty deed from a deed of trust and you close on the kitchen counteror do you meanbuying below market value, already having a nice income, having reserves, using escrow and title, already understanding the due on sale clause, have done a lot of creative purchases and know when to use and when not to use creative finance and how to recover if something goes amiss?
Conor Neville
When to approve tenants?
22 January 2025 | 7 replies
You definitely want to use a thorough screening method like rentprep.com that gets their income, credit, background check, and call at least 3 references (make sure to verify them by address/job and then their name).
Rafael Valdor
Are there red flags in PM agreement?
20 January 2025 | 2 replies
To collect all rents and other income from the Property and promptly and directly deposit suchrents in XXXX's Pooled Trust Account.3.
Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
You should have updated the address in the lender portal to your physical address so you receive statements and late pay warnings.Only way this scenario happens is if you do none of these.