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17 June 2015 | 7 replies
Much of both Dodd-Frank and the Safe Act was written at a 50,000 ft level, with interpretation and implementation pushed off on states.My advice, if you're serious about pursuing owner financing, is to find a good RMLO to handle your buyer intake & qualification and the servicing of your loans.
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1 July 2015 | 8 replies
Do you have any, or all, of the following experience and skills:Blue collarbackhoelicensed home installertransport driverelectricianplumberconcrete workremodelerOfficeresident intake and screeningresident relations/community relations/governmental relationsbookkeepingcollectionsWhite CollarCompliance Management SystemDeveloping and Implementing a Marketing Plan that makes sense for the style and location of the community you buy.Selling homes at a profit and closing the sale.Establishing some legal and compliant manner by which your prospective residents can obtain financing to purchase the homes you are selling.For 4 and 5 star communities with prospective residents who average credit score is above 660 you will need to develop good relationships with outside lenders.For lesser communities or for communities where the marketing is geared to draw residents with credit scores below 660, you will need to develop some form of seller finance.Developing consulting or vendor resources for areas where help is needed.The more you already know, the less outside help you are going to need.
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28 June 2015 | 1 reply
Anyone interested in taking it on if I do wholesale it?
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19 October 2021 | 1 reply
Building vertical creates value with finished homes.It is imperative that all 3 of the above value propositions be properly calculated and maintained throughout the entitlement process to ensure that there is enough "meat left on the bone" for each level of development even if you are not planning to do all 3 yourself.Feel free to DM me and I will send you an intake form that you can fill out.
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20 October 2021 | 1 reply
That being said, I'm really not interested in taking another agents commission and happy to assist on the front end if they are planning to use our management services after closing.
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9 November 2021 | 10 replies
Feel free to DM me if that's the route you're interested in taking.
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27 October 2021 | 3 replies
Are there any folks that'd be interested in taking a look and letting me know what you think?
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2 November 2021 | 15 replies
Simply because I believe in taking responsibility for both me and my tenant.
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4 November 2022 | 41 replies
I'm interested in taking on this role in a partnership or being part of a team.
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3 November 2021 | 3 replies
If lenders do factor in take-home pay, would it be advised to scale back on contributions for a couple of months in order to get approved for a larger amount?