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25 November 2024 | 16 replies
Look at purchase HUDS, statement of work if it was a renovation and the sale HUD to make sure they made money on the deal.An organized and easy to navigate borrower's package.Security documents to collateralize the loan against real, tangible property.I also like to throw in some communication clauses with consequences for ghosting.Cheers!
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26 November 2024 | 13 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
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27 November 2024 | 18 replies
I haven’t taken them, but have terrific reputations.
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23 November 2024 | 6 replies
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
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15 November 2024 | 8 replies
Shotgunning a bunch of low offers is a waste of time, and will only hurt both yours and your clients reputation for not being a serious buyer.
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26 November 2024 | 10 replies
But it can be done.I only recommend investing if you can find a quality property manager, one with at least ten years experience managing hundreds of rentals and really good reputation.
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28 November 2024 | 18 replies
If someone has to be so aggressive in managing their negative reviews/reputation online, and suppressing other people's speech...very bad sign.Finally, some of my current clients are "refugees" from Karim' program.
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28 November 2024 | 9 replies
I have other projects I am doing too, and understand the consequences of the engagement.
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10 December 2024 | 104 replies
Sorry, I can see offering a discount for a limited time only, after which the price goes up to whatever the full cost is, but NO reputable seller/instructor is going to literally only give you a total of 10 minutes to make your decision.Sixth, depending on the market you are in, and the specific deals you find, $10,000 could be a ridiculously small finder's fee.
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24 November 2024 | 19 replies
This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.