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5 February 2025 | 5 replies
Here’s a quick overview of potential pros and cons, along with general advice on working with hard money lenders like them.Pros:Flexible Financing Options: Rehab Financial Group often specializes in real estate investing and provides hard money loans for BRRRR deals, which may be a good match for your needs.Quick Funding: Hard money lenders like Rehab Financial can sometimes offer quicker access to funds compared to traditional banks, which is important for BRRRR investors looking to move fast on properties.Cons:Higher Interest Rates: Hard money lenders usually charge higher interest rates than traditional financing sources.
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17 February 2025 | 10 replies
It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.
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10 February 2025 | 12 replies
Budget Wisely:Make sure your budget accounts for the purchase price, the cost of the renovations, and any additional charges involved in flipping a house.
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19 February 2025 | 23 replies
0% Business credit cards + hard money loan = 0 money out of pocket.
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21 February 2025 | 2 replies
I ending up burning some money for the things you described (NAR membership, brokerage fees, quarterly MLS charges, etc), just a lot of things I found I wasn't getting any value from, I decided to simply put it on full stop and take a year to really reallocate and figure out what I needed to do.
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14 February 2025 | 25 replies
Maybe he's already charging above-market rates and needs to adjust expectations.I don't see the justification for spending $12,000 to install electric baseboard in four apartments.
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6 February 2025 | 9 replies
Especially #4 about durability.Do you charge your clients a flat fee based on size/price per sqft for your services, or % of spend?
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28 January 2025 | 9 replies
@Michael Almand, for a full line-by-line breakdown and scope of work, my preferred contractor will charge about $250 to walk the property but will credit it back if he and his team are given the job.
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1 February 2025 | 5 replies
First thing I'd do is check comps to get an idea of the demand and rates you can charge for your condo as a MTR.
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29 January 2025 | 19 replies
I think hard money lender to take this risk cannot legally charge appropriately which means the law is working against you (the law meant to protect owner occupied owners from unfair loans).I agree with @Jay Hinrichs that your best option likely is to sell on the mls.