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7 January 2025 | 8 replies
If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.
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2 January 2025 | 6 replies
I am also in Cincinnati and I did speak with True Home Ohio (https://truehomeohio.com) and they seemed to be somewhat reasonable except I believe they take a flat fee of $105 per door so depending on how much rent is for that door it could be cheaper or more expensive but their other fees I thought were very reasonable.
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22 January 2025 | 31 replies
If you're wholesaling residential properties, keep in mind that most property owners will also be speaking with and meeting local investors and realtors.
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9 January 2025 | 59 replies
sorry for typos. speaking into the Android keyboard leaves a lot to be desired
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30 December 2024 | 1 reply
@Justin Goodrich I can speak for a lot of investors and say our biggest problems are out of our control.
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16 January 2025 | 19 replies
They have noted who they invested with and several of these sponsors used to be huge contributors to a BP and now have gone completely dark on their investors or but continue to pump out podcast episodes and speaking engagements… So my question is: is it that bad out there in the syndication space?
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8 February 2025 | 80 replies
If being optimistic I'd say I could do 4 per week on never ending conveyor belt. yes, again i am speaking in literal not theory.
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9 January 2025 | 12 replies
This includes contacting the applicant’s employer and speaking with their supervisor to confirm job stability, income, and reliability. if the person has not been employed at their place of employment they would require a guarantorCredit Score and Debts: Applicants need a minimum credit score of 620, and while we review debts, medical debts are generally not disqualifying unless they impact overall financial health.Criminal History: We do review criminal history to ensure safety and security for our tenants, while remaining mindful of state and federal guidelines.Rental History: Positive references from past landlords, with no evictions or significant lease violations in the past five years, are essential. and we can see into the court system if they have an eviction judgement.Release of Information: We include a release form allowing us to verify employment and rental history directly, which helps us get a clearer picture of an applicant’s background.This process has worked well so far, but I’m always open to improving.
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20 January 2025 | 62 replies
Originally posted by @Michael Kinsella:I would second what @Jay Hinrichs said above...there was a follow up post where someone got a loan from them but for realistic rates 8% or so and few points.. under 6% private / hard money simply does not exist unless its a family friends type situation. that bank rates or lower right now for new construction or fix flip Generally speaking, I would be highly skeptical of rates under 8% for a hard money bridge-type scenario.Hard money lenders are getting their capital from somewhere, and those investors are expecting to earn a reasonable yield.