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5 December 2024 | 14 replies
It’s fantastic to have a Realtor and investor with expertise in new construction homes joining the community.Here’s how you can engage and collaborate with the BP community.
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6 December 2024 | 9 replies
Scaling back to simpler, cash-flowing properties or smaller multifamily deals could help rebuild confidence and momentum.
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6 December 2024 | 51 replies
My first divorce we worked it out amicably and in my current marriage we do not have one and would not engage in one as we built what we built together.
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4 December 2024 | 17 replies
In a matter of fact I can say pretty confidently that most SFR eventually would cash flow.
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3 December 2024 | 3 replies
You cannot beat the power of an ADU for peace of mind, leveraging your home to pay less monthly and reduce your expenses and give you the experience and confidence of doing constriction, getting permits and working with the city and managing a very easy rental.
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30 November 2024 | 0 replies
While engaging with the Bigger Pockets community, I've noticed many investors seeking funding.
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9 December 2024 | 9 replies
Perhaps the land attorney can use this lack of curb and gutter as incentive in negotiations, which the engineers were quite confident they would be successful with.
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 | 87 replies
Which gave me some sort of confidence.
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4 December 2024 | 9 replies
You have to analyze a bunch, so when the right one does pop up you'll be confident in making an offer. 6.