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14 January 2025 | 5 replies
Many online courses are self-paced, so working on it in your spare time is absolutely doable.If a career shift isn’t your goal, you can still learn the "game" through various other means.
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29 January 2025 | 107 replies
For C/C- neighborhoods you usually need to scale to 10+ doors; it's a numbers game.
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27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.
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17 January 2025 | 3 replies
@Avani PatelFor my flipping business, I prefer to use fewer software programs to streamline things.
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22 January 2025 | 9 replies
Do you have a service or website you prefer to handle direct mail?
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3 February 2025 | 11 replies
I assume you got a better interest rate, and I know you are saving a boatload of interest. 3) imagine year 11-30 where you are cash flowing thousands with paid off properties instead of hundreds because of these lean 10 years. 4) hopefully you can raise rents at least $100 each every year and in 2 years your cash flow neutral even with preferred short term mortgage.
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21 January 2025 | 2 replies
This consist of having a good agent preferably one that works with and has investor experience.
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19 January 2025 | 11 replies
We would prefer to jump into the market with a duplex, triplex or quad as our first purchase.
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24 January 2025 | 5 replies
I currently have around 100k tied up in sticks right now which I would prefer to leave in and just continue to save with the plan of getting a place in the next few years, I would get a second job to raise the funds.
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21 January 2025 | 14 replies
Sharma, From my perspective I prefer to run my own fix and flips.