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18 February 2025 | 4 replies
@Mark Towey I don't "farm" areas personally, it doesn't really fit the niche I'm personally going after, but what I have heard from some major agents in my market lately is that farming is not near as productive as it used to.
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4 February 2025 | 7 replies
Hi Shayan,It definitely doesn't hurt to get another quote from a different GC for sanity check.DSCR loans won't work if the property is not rental condition and it won't fund any of your rehab budget.
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26 January 2025 | 54 replies
Personally that is what I wanted, an active mentor.
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13 February 2025 | 7 replies
You will be personally sued along with your LLC.
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24 February 2025 | 28 replies
Just have your lawyer contact them- they have no legal right to withhold funds or documents, those are your property.
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9 February 2025 | 8 replies
If you don’t have a certain amount of funds set aside for these situations as well as your portion of closing costs and some extra reserves for once you close then you’re likely not financially ready to be buying things.
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18 February 2025 | 9 replies
Be mindful that there are rules that the lenders want you to check off.Furthermore, there are other rules on the tax side where you want to normally be under to get the most tax benefits.The magic number in both instances is '14 days'Lenders want you to stay atleast 14 days to meet the secondary home requirement.The tax accountant normally wants you to stay less than 14 days or 10% of the days it was used as a rental to treat it as a rental and not as a personal residence.Best of luck!
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29 January 2025 | 9 replies
If it is a credit/equity line, you could provide a lender letter that the funds are available immediately for funding - and cured any recission period.
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27 January 2025 | 29 replies
With the idea you get your 6k back when fund deal/deals MLM all the way sell the futures and the deals that Cogo did pay me off on as you stated took forever to fund and the rates were even higher than mine :) Its just a very good Guru selling his stuff we all know they make the money selling the 6k how to become a lender. :)
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30 December 2024 | 7 replies
As an agent, I personally would love to hear your thoughts on how the implementation of AI will affect agents system processes or how it already has, however I would love to hear about it's impact in all facets of real estate.Apologies if this is a repeat post, I haven't searched much on the forums for this yet.