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28 November 2024 | 3 replies
I am a dedicated newbie so need all the help i can get with this one.
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5 December 2024 | 34 replies
Newbie investors are always trying to decide if NOW is the right time to buy an investment and that isn't really a very good question.
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29 November 2024 | 11 replies
My role has taught me the importance of managing systems, understanding finances, and staying organized—skills I’m eager to apply to real estate investing.I’m a newbie in the real estate world but deeply motivated to learn and take action.
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1 December 2024 | 377 replies
I am a newbie.
2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.
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21 November 2024 | 11 replies
Hello BP investors, Has anyone heard of or taken Daphne’s Note Newbie workshop?
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11 January 2025 | 420 replies
Newbie here,I've been following along and trying to do the examples but am not great w excel.
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26 November 2024 | 18 replies
Hello BP Community! I discovered the BP podcasts while educating myself about financial literacy & the FIRE movement. As a creative professional historically "allergic to math," I never thought I'd consider real e...
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26 November 2024 | 10 replies
Hello, my name is Robert and I’m a 46 years old husband and father to two children (both under 5). I’m originally from NYC and I’m currently working overseas for nearly 10 years as a Construction Manager and have been...
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26 November 2024 | 5 replies
How do you know where to look for this stuff appropriately without looking like a total newbie?