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5 December 2024 | 25 replies
The wire instructions I received were also different from the entity listed on the contract, but in my case, they explained that the funds needed to be sent directly to the contractors handling the rehab, which aligned with the project’s structure.I proceeded, and everything went smoothly, with clear communication and regular updates throughout the process.
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2 December 2024 | 21 replies
Everything has been cash so far but I have contacted several local banks and all of them have said about 1-2%+ above regular mortgage rates, 3-5y ARM with 15-25y term, and 20-30% down.
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2 December 2024 | 6 replies
The vast majority of "regular" or traditional (Conv/Govt) mortgages are originated by specialty lenders and brokers and are sold in the secondary market to provide yield on bank balance sheets (think Chase or BoA) or to be securitized into MBS.
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6 December 2024 | 36 replies
I recently flew to hawaii from AMEX Platinum Points but it was just because I did the opening card promotion minimum amount and got a ton of points.
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7 December 2024 | 150 replies
My wife has a friend/acquaintence/mentor that was working closely with him to promote his thang and simulataneously promote her thang.
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7 December 2024 | 9 replies
We’ve found a niche area that fits our budget and personal vision, and it has usually taken a few months of regularly analyzing deals to find something that works for us.
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3 December 2024 | 6 replies
Never pay for work that hasn’t been done.3.Verify Work Regularly: Have an objective third party inspect the quality of the work weekly and provide updates.
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3 December 2024 | 3 replies
They're spending tax-payer money, so they'll cut a check without batting an eye.Document condition before and after with photos, inspect regularly, and you should be fine.
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4 December 2024 | 30 replies
If no one tells them about balance sheet, then real estate investors aren't going to focus on them.My clients are always looking at the balance sheets after I taught them the importance of it.There are a lot of times not just real estate investors, just regular business owners, they look at the P&L and say great, I made $100K this year, but my bank is showing $10K, where is the rest of the money.
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2 December 2024 | 5 replies
With that being said, I’m starting to see more of the benefits in some of what he promoted.