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15 January 2025 | 144 replies
You know, like any other INSURANCE PRODUCT.
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12 January 2025 | 12 replies
It’s super important you prioritize the end product: something that gets the job done well as an STR.
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11 February 2025 | 167 replies
The internet companies that failed, failed because they didn't have a viable product or service, not because of the underlying technology of the internet.
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16 January 2025 | 8 replies
If it sounds like ******** require the production of the medical need for a service dog or begin eviction proceedings.
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7 January 2025 | 8 replies
Then connect with some hard money lenders (you can find some here on BP as well as some who are typing this right now) and connect with them to understand their product type, what they like to lend on and requirements.Hard money broker is all numbers game of making relationships and helping those that are looking for financing, it starts out slow but if you get with a few good borrowers and lenders it can be pretty decent money to be made.As an example we paid six figures last year to HM brokers.
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13 January 2025 | 21 replies
Hey @Dalton Foote - I highly suggest using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.
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15 January 2025 | 24 replies
I think its rare you can take a model you're doing in this are or product and just move it somewhere else or on to some other product.To me, If you have a niche that works and you're good at it and the numbers are strong, I believe you should put everything you have into that business model and grow it and grow it fast while the getting is good.
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13 January 2025 | 7 replies
Looking for various tax strategies to reduce the reality that a large RV or boat is a grossly depreciating assetI would not have a loan, so claiming it as a primary or secondary residence and claiming the mortgage deduction is not applicable.I sold my primary residence and I have several rental properties which I use as I'm fixing them up.What I'm pondering is living aboard and working aboard developing a new product, while traveling.
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6 January 2025 | 57 replies
Which is also one of the 3 fundamental needs of a business most often (customers, product/service, place of operation).
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14 January 2025 | 15 replies
Most non-qm loan products will never have a 95% LTV due to the inherent risks associated with these type of loans not being traditionally backed by fannie or freddie (investment banks).