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29 January 2025 | 32 replies
In my land Timber days we just used bank LOC's but success in logging and creating substantial income allowed us to get those lines.
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26 January 2025 | 5 replies
@Paige Corsello...You could call your bank contacts and find out if they are broker friendly.
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13 February 2025 | 18 replies
Too many investors waste money on general handymen trying to fix everything, only to end up hiring a specialist later anyway.6.Each property should have its own bank account.
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26 January 2025 | 30 replies
I suspect most who requested cash for keys had previously received cash for keys.What I do instead is explain:- the housing shortage in my market and that an eviction will forever make it difficult to find a quality rental in this market. - I will ding their credit such that all credit cards and other debt will cost them more.- I will keep their security deposit for funds owed.- I will do my best to garnish future wages until their debt to me is paid in full.This has worked 100% time so far.
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23 January 2025 | 10 replies
Lending laws change frequently, and we receive emails from Lightning Docs throughout the year explaining their updates to the documents we use here in CA.
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5 February 2025 | 5 replies
Here’s a quick overview of potential pros and cons, along with general advice on working with hard money lenders like them.Pros:Flexible Financing Options: Rehab Financial Group often specializes in real estate investing and provides hard money loans for BRRRR deals, which may be a good match for your needs.Quick Funding: Hard money lenders like Rehab Financial can sometimes offer quicker access to funds compared to traditional banks, which is important for BRRRR investors looking to move fast on properties.Cons:Higher Interest Rates: Hard money lenders usually charge higher interest rates than traditional financing sources.
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27 January 2025 | 10 replies
Anderson did explain to me that there is a workaround with this fee but all this layering different entities for their costs is going to cost me more than an LLC I'll set up on my own.
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23 January 2025 | 56 replies
He is also giving me a bad reputation with my bank.
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17 January 2025 | 24 replies
If you can’t explain something simply, you either don’t understand it yourself or have a self-interest in the obfuscation.
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23 January 2025 | 3 replies
Are there any resources that help explain what type of terms we should ask for?