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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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12 January 2025 | 23 replies
It could take years of sacrifice and saving to get into this game and most people don't want to wait that long.
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28 January 2025 | 7 replies
The odds of default go up significantly for those who have no skin in the game.
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9 January 2025 | 21 replies
After reading so many intros of young, single, eager individuals, I'm hoping I'm not too late to the game!
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12 January 2025 | 12 replies
Prepare for property management using software, local handyman, and vendors.
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26 January 2025 | 51 replies
And you can also buy them when they're beaten down and underpriced due to market overreactions like currently, due to rapid rise in US 10yr rate.I've read and watched multiple Good Egg offerings and they are typical of many feeder funds and to be fair like many primary GP/syndicators as well for both taking on unnecessary risks and also charging confiscatory fees, as #1 they have no skin in the game and #2 they get a big cut up front whether project fails or not, find GPs that are investing >10-15% of their own cash into every deal.good luck and sorry this happenedlooks like they are a fund of funds setting up crowdfunding to invest in other offerings.
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24 January 2025 | 37 replies
Very new at this game I live in cottonwood California and I would be interested in going to meet up if my schedule would allow.
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17 January 2025 | 9 replies
I am new to the game and using the FHA loan has just seemed to be the most common way to house hack (at least in terms of what the resources I have read have said).
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25 January 2025 | 7 replies
Once this spreadsheet is built out, there should be no more questions about the game plan for your rehab.