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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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18 January 2025 | 15 replies
Dig into reverse mortgages before pulling the trigger on anything, specifically HECM's (FHA product).
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21 February 2025 | 182 replies
I also met the Wagner and the Nolasco team in person in their Orlando office, and they seem to care about delivering a quality product in a timely fashion.
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8 February 2025 | 49 replies
If you started somewhere like Texas, where there's more appreciation, you could do this for 5-7 years then 1031 exchange those properties into higher yielding products that'll allow you to walk away from your job.
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3 February 2025 | 47 replies
What we came up with was an infill product that matches what three story walk ups are in the multifamily market.
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14 January 2025 | 27 replies
The proformas are utter nonsense because they know the product is no longer a viable investment.
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31 January 2025 | 29 replies
I know the production homebuilders sell lots way in advance, but I think that's a whole different ballgame.
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8 January 2025 | 14 replies
In my experience, most have limited product offerings.
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14 January 2025 | 15 replies
Reason being is that it allows you to invest in other products other than they offer, so that's why they don't promote these .
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9 January 2025 | 3 replies
Allowing the team to assist in some of my "Busy" work, so I can handle more productive tasks. 3.)