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2 December 2024 | 4 replies
Did you see this in person, or did you buy it sight unseen?
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4 December 2024 | 9 replies
You don’t get involved personally.
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4 December 2024 | 33 replies
that doesn't mean RE isn't a good investment... but it is the case.what i would NOT recommend is buying a random, "cheap' property in a market thousands of miles away that you don't know well and haven't seen in person, and turning it over to a team you don't know.
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2 December 2024 | 5 replies
Even if you fail the first time (pretty much every inspection I've had the person finds something to flag) they don't cut off payment until they have come back out a second time.
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4 December 2024 | 32 replies
There are three items required to make a successful partnership - Time, Experience, Capital.If you are a syndicator, you are likely expected to have time and experience.There is a lot that goes into being a competent syndicator - Proper communications, finding a good deal, communicating quarterly updates, networking with lenders, contractors, PM companies.You can gain experience by doing your own deals or working for someone who does(Ideally both).I personally think you should cement your experience before worrying about OPM.Best of luck
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3 December 2024 | 8 replies
One of the key benefits of a DSCR loan is that it allows you to qualify based on the rental income the property is expected to generate, making it ideal for those with multiple properties or who may not have a strong personal financial profile or W2.
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1 December 2024 | 7 replies
Consensus of the feedback was cute in pictures horrible in person.
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30 November 2024 | 3 replies
I'm looking for someone with personal experience dealing with a wholesaler friendly title company in Alabama.If you know any, please let me know.
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5 December 2024 | 9 replies
However, if you know and have a relationship with the person/team that will be doing the rehab for you in your absence and trust they have your vision in mind then you are in a better place to start.
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30 November 2024 | 6 replies
I've been investing there personally since 2019 and own 12-doors in Detroit proper.I lived on the ground there from 2017-2022 but now live back in California.To answer your questions... yes, you can still find cash flowing deals in Detroit.