7 December 2024 | 4 replies
I am looking to buy an apartment complex in the greater New Orleans area.
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4 December 2024 | 4 replies
Complexity does sell better.
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5 December 2024 | 1 reply
(I have a special needs trust for my son so have dealt with the complexities.)My bigger concern would not be your liability exposure but doing something that could potentially endanger the support benefits your brother is entitled to.
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2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.
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5 December 2024 | 5 replies
It sounds like you're navigating a bit of a complex situation with your Fannie Mae HomeStyle Renovation loan and PMI removal.
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4 December 2024 | 0 replies
By utilizing one provider for both services, both can be aligned, customized to your portfolio’s needs which should achieve a better outcome overall.Real estate investing can be very complex and navigating taxes, compliance and insurance can be overwhelming and complex, deterring some people from expanding their portfolio or from investing at all.
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10 December 2024 | 100 replies
They should become like current-day travel agents: far fewer than pre-Priceline, but well-compensated for arranging high-dollar, complex trips.
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5 December 2024 | 4 replies
Quality over quantity.7.Master Delegation and Automation: PM is a complex industry with many moving parts—marketing, maintenance, leasing, screening, and more.
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9 December 2024 | 15 replies
Here are a few things to keep in mind:Eviction Process: Courts often prioritize tenant rights, and during certain times of year (like the winter months), it’s tougher to get an eviction through.Legal Barriers: If the property is rent-stabilized or the tenants have protections, it could mean additional layers of complexity.
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7 December 2024 | 9 replies
If they ask me about an offer, I forewarn them it's not going to be that sweet but I can show something.