
18 June 2024 | 121 replies
The smallest upfront fee was $1200 and the largest $10,000. 58 of the lenders required copies of our passport.14 lenders were in the criminal data base of Interpol; 28 were in the in the financial crimes data base of Nigeria and 4 were listed in the Interpol data base connecting them to Russian mobs!

18 June 2024 | 0 replies
While opinions may vary, I rely on data to help drive real estate decisions and planning.Key ConsiderationsEducational Attainment: 77008 boasts higher numbers of residents with bachelor's (12,241) and master's degrees (5,739) compared to 77063.Demographics: 77063 has a higher percentage of foreign-born residents (41.02%) which typically indicates a strong rental market and with 76.86% renter-occupied versus 32.60% in 77008.Economic Factors: Median income in 77008 is $140,609 with a low unemployment rate of 3.37%, whereas 77063 shows lower median income ($51,899), higher unemployment (9.99%), and more families below the poverty level (16.51%), which may indicate economic diversity but also potential rental payment risks.Age Distribution: 77008 has more middle-aged residents (35-54) [8970 compared to 6,115] and a slightly higher proportion of young adults (25-34) compared to 77063 but both are popular with younger adults suggesting strong rental markets equally exist.

19 June 2024 | 42 replies
Quote from @Caroline Gerardo: Servicers have data tools that run all the accounts and flag ones where insurance or title is not a match.

17 June 2024 | 6 replies
Here is another data point about the Rocky Mount area.
17 June 2024 | 8 replies
Hoping to achieve 8.5% - 9.5% once stabilized.

19 June 2024 | 18 replies
Hey mate,Thick skin is needed on this forum and in business in general 🤷♂️I just posted something similar on another thread and the best advice I can give is spending enough time finding the right people on the ground before looking at the prospect of a market or a deal.Especially when doing BRRR out of state which is a very tough gig IMO.You can find the best market, with the best growth potential, find the best deal with the best cashflow but if your realtor isn't genuine, your property manager is incompetent and your contractor is a cheat.You will loose money.Also, underestimate your income and overestimate your expenses on every deal and business opportunity.If you think it won't happen to you, I can tell you right now that it unfortunately will...I've completed hundreds of flips and rarely come in at budget from a rehab standpoint.So keep that in mind.Appraisers are a joke and easily manipulated.They follow weird data and many want to cap you intentionally (No idea why...) on the ARV.They play it safe and can see how much you paid and what you spent on rehab so they will cap the value and come in under fair value on many appraisals.I stopped dealing with selling to investors looking to finance many moons ago as it wasn't efficient from a business perspective and I'm not in the business of using "in-house" lenders and manipulating appraisals like many others do.

18 June 2024 | 12 replies
I'm glad to see someone track this with some actual data.

17 June 2024 | 5 replies
They are my goto for info on new products and their service call data is invaluable.

16 June 2024 | 3 replies
I thrive on the thrill of finding the perfect property and helping others achieve their real estate goals.

16 June 2024 | 16 replies
Are there any ways for me to achieve buying a property in Tyler?