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16 December 2024 | 12 replies
Once you become the homeowner, we transition into a property management role and handle the day-to-day operations of the rental.
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12 December 2024 | 6 replies
Market conditions also play a role, including the availability of contractors, appraisers, and lenders.
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10 December 2024 | 100 replies
Their only roles would be consultation and transaction management, done remotely, with no or almost no in-person meetings.
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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.
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31 December 2024 | 66 replies
I have been a contractor (or played the role of superintendent) since 2001.
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12 December 2024 | 10 replies
These investors were looking for Passive income, but they didn’t realize they had to fill the role as an Investment banker and they didn’t have the skill set or systems to do that.
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12 January 2025 | 185 replies
I'd suspect their balance sheet will play a role in who is looking to loan out at higher rates.
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5 December 2024 | 5 replies
PMLs exist, there's zillions of them, real estate investors work with them every day and PMLs fill a need and have a role to play as a specific tools for a specific situation.See if you can put a sharper point on your question.Mike Thanks for this Mike!
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12 December 2024 | 20 replies
You need to do what you can to keep ALL of your places pest free and teach your tenants their role in the process as well.
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8 December 2024 | 21 replies
Some approaches felt legally and ethically questionable, particularly for someone trying to transition quickly out of a 9-to-5 role.