Heather McNicol
BNB Investor Academy - Reviews?
31 December 2024 | 76 replies
You’ll learn way more hands on than spending money and another 6 months being led on by someone who is playing you.
Ryan Dunn
Unexpected Rate Increase on BRRRR Loan – Is This Normal?
10 December 2024 | 36 replies
Commercial lenders are not playing by the same set of rules as conventional lenders.
Timothy Franklin
Clarifying the wholesale transaction
15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.
Danae Pitcher
Holiday Bookings - Busy or Bust?
11 December 2024 | 14 replies
Slightly less bookings, way less lead times, prices have dropped.January 2025 is promising relative to how 2024 has played out.
Bryan Cavellier
Is it possible to 1031 Exchange in Different States?
5 December 2024 | 10 replies
@Bryan Cavellier, You can 1031 with any US property including Guam, the USVI and ...drum roll- The Northern Marianas Islands (go figure but I actually had a realtor from there in a class of mine recently) into any other US or one of those territories. 1031 is a federal statute so it's applied the same in all locals with just a few variations state to state at the state level.
Victor Tofilski
Why is my unit still vacant?
31 December 2024 | 49 replies
I think the time of the year certainly plays a role.
Thomas Haessig
Which offer should I go with?
8 December 2024 | 9 replies
How certain of the appreciation are you would also play into that question.Run some scenarios on what you could do with the extra cash vs what you stand to gain from the appreciation play and decide based on that and your goals.
Constance Kang
My Experience of Rich Dad/Elite Legacy Event Scam
14 December 2024 | 101 replies
They tend to get people to attend their seminars that have no understanding of RE Investing and think that they have to "pay to play".
Zach Harsh
Are Tyler Deveroux, Ryan Woolley, Multi Family Mindset a Scam?
13 December 2024 | 23 replies
-Zach, those coaches are employees of our investment company and have played a huge role in the 2,000 + units we've been able to acquire.
Sandeep Dhall
How is Killeen/Temple Market for rentals compared to Austin
11 December 2024 | 8 replies
I have 2 factors that I know play into it, but there's always more beneath the surface.