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25 November 2024 | 4 replies
There are good QI's that will help you navigate the options.
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26 November 2024 | 2 replies
Here are some key red flags to watch for:🔴 Lack of experience: A borrower without a proven track record in real estate projects may struggle to navigate unexpected challenges.🔴 Overly optimistic projections: Unrealistic ARV (after-repair value) or underestimated rehab costs can signal poor planning—or worse, a lack of transparency.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.
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26 November 2024 | 1 reply
I recently learned that income earned through Airbnb often doesn’t qualify as eligible income when applying for a second mortgage.For those of you who’ve used Airbnb as part of your house hacking approach, how did you navigate this issue?
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25 November 2024 | 10 replies
Any advice on navigating the Section 8 rental landscape would be greatly appreciated!
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1 December 2024 | 31 replies
To get started, consider networking in local real estate groups to find reliable contractors or partnering with experienced BRRR investors who can help navigate initial projects.
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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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2 December 2024 | 34 replies
If they reached America by plane, boat, trains or slowly walking, they surely can navigate a home purchase.
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25 November 2024 | 5 replies
I appreciate any advice or experiences you can share that might help me navigate this growth phase successfully.I appreciate any help you can provide.
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26 November 2024 | 2 replies
By understanding historical patterns and market trends, we can navigate through down periods and position ourselves for growth.
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26 November 2024 | 21 replies
I assume you'll use streaming only for TV, no cable or satellite?