Ian Stuart
AMA - Agency Multifamily Debt (Freddie Mac & Fannie Mae)
4 December 2024 | 2 replies
Loan Costs, Deposits, and Escrows: Origination fees, application fees, third party reports, legal, insurance review, title & escrow, rate caps (floating rate loans), due diligence deposit, rate lock deposit, standard escrows, etc.6.
Benjamin J Thompson
AI Analysis Tools? Which is best and why? Anyone using any of these and why?
5 December 2024 | 11 replies
I'd say forget the AI buzzword hype and go back to programming something useful based on real transaction-level data like below (that can help you with any deal you find, from whatever source you have).Sales Comps & ARV estimate:Market Stats:AI won't be able to provide you anything close to this, nor does the RedFin/Zillow market data drill down into the market as deep as I do here.Additionally, if you understand how the leading LLM's work based on a black-box floating point matrix, you just can't trust their conclusions like you can with your own program.
Vivian Huang
Investing in Tulum, Mexico
12 December 2024 | 49 replies
From talking to locals, there's a couple of issues than need to be addressed, some are the non-ecological practices that some of those developers have, unfortunately, our government profits from this investors and allows them to destroy manglers (which are the natural water purifying system of that area) dismantling hectares of mangroves and degraded the habitat of resident and migratory species burying animals alive.There's proof of fecal material floating beneath the city of Tulum, only 20% of the water is sent to the water treatment plant, there's no infrastructure for the exponential growth.The landfills in the middle of the jungle that is leaking hazardous pollutants into the freshwater system and that something that developers won't tell you.I love my country and it would be a disaster for everybody if this place ends up like some other great beaches around the world, that are completely ruined by greedy investors not following the rules.There's no urban or comprehensive master plan, and one of the risks is that Tulum will be like Playa del Carmen is today, overgrown and with environmental devastation.I will advise doing a lot of research before getting something in Tulum, different country, different rules, and practices.
Stephen Dispensa
Investing Throughout Tampa Bay post Hurricane Helene and Milton Info
2 December 2024 | 1 reply
The biggest issue I see with the wholesale deals floating around post-storm is that NONE of us know what the ARV is going to be right now.
Dennis Tidwell
BUILT TO RENT: New Modern Home in Downtown Griffin, GA
30 November 2024 | 1 reply
By sourcing directly from trusted factory partners, Griffin Modern saved significantly on key elements like the Pivot door, floating staircase, glass handrail, and casement windows—items that normally cost 30% more when purchased at retail.
Jorge Borges
Has anyone worked with Tardus Wealth Strategies?
15 January 2025 | 144 replies
Or you could utilize both like I do and know that you always have a way to create a float of your funds.
Ryan Dunn
Unexpected Rate Increase on BRRRR Loan – Is This Normal?
10 December 2024 | 36 replies
I preach to everyone to avoid lenders that float your rate until the appraisal is back, it opens the door for a bait and switch.
Seth Rose
Out of state BRRRR steps
4 December 2024 | 31 replies
@Seth RoseI would look at the approach from a revenue mindset, not a discount mindset (which is where the BRRR concept was born).Firstly, I would like to point out that properties with great cash flow potential and deep equity positions aren't just floating around the MLS.
Marquise Bailey-Dillard
looking to purchase a single family home
27 November 2024 | 7 replies
Dave Ramsey is proud of you ;)There's no 'right' time to pull out the HELOC bc its a floating rate until you draw so it might be 9% today and 10% tomorrow and 8% the day after.
Lisa Mallory
Asheville STR gone - advice?
22 November 2024 | 12 replies
Sadly the property no longer exists; it was at 22 Riverbend Drive sitting on the Swannanoa River, and like all nine houses sitting on the river, it was swept away and floated down the river.