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11 October 2024 | 7 replies
I use that term to mean someone who is not skilled or not willing to put a lot of effort into it as opposed to "amateur" referring to someone who is new to it.
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13 October 2024 | 23 replies
Only nonrecourse loans will not affect your personal DTI - if you personally guarantee the debt, you're going to take the DTI hit for it unless you can qualify for it to be excluded.Find a local lender who is skilled in working with self-employed and investor clients and talk through your situation with them.
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8 October 2024 | 13 replies
Some of the best skills I've learned are basic real estate math and finance —being able to analyze potential deals to see if they are feasible and can generate good profit or cash flow.
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12 October 2024 | 25 replies
For tenants to continue paying comparable rent, new companies must move into the city and create replacement jobs with similar wages and skill requirements.
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8 October 2024 | 4 replies
Accept that the successful RE investors have a well developed skill set that is not immediately acquired.
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21 October 2024 | 176 replies
The CRASH is for sure coming....Here's how to protect yourself:1) Only buy good deals below current market value2) Prudently escrow the money it takes to get them into service (in service = making money)3) Don't over-extend on the amount of projects you can do at one time (project = time between purchase and "in service")4) Continually build your skills in getting deals (sales/networking/marketing), building a better depth chart of vendors, project management, and writing strategic scopes of work for the properties you buy. 5) Put money aside after every successful project.
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6 October 2024 | 1 reply
Partner 1 brings in deals and manages the business Partner 2 brings repair and renovation skills Partner 3 lives out of the area and brings capital What is a fair way to structure/put a value on the partners finding the deals and managing the business.
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7 October 2024 | 9 replies
Also some people have no comprehension of the work and skill involved in executing a good value add and the compensation I expect for executing one.Be cautious in dealing with family.
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9 October 2024 | 9 replies
Do you have the skills to do the work yourself, or would you have to hire someone?
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7 October 2024 | 15 replies
A degree is something not only to fall back on, but also gives you skills.