Renee Machat
Hello BiggerPockets! New PRO here
9 December 2024 | 2 replies
Outside of real estate, I enjoy working out at the gym, woodworking and building furniture, playing tennis and doing any and every DIY project.
Reeves Bennett
Need Advice: Selling the Biggest House in the Neighborhood Problem
6 December 2024 | 2 replies
Highlight nearby conveniences and any neighborhood growth to attract interest.Focus on framing the size as a bonus that buyers get more space and value for their money compared to smaller homes.
Sanat Bhandari
Investor-friendly Banks in Burlington, IA
5 December 2024 | 7 replies
Bonus points if they could set me up with a LOC!
Timothy Franklin
Clarifying the wholesale transaction
15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.
Dan McClain
Time Value of Money
11 December 2024 | 3 replies
Most of our investments we look at IRR (time value of money) to determine which investment is a good fit for us at this time - which factors in returns, risk and time of investment - is it a short term investment we want to get appreciation play or long term fixed income investment.
Danae Pitcher
Holiday Bookings - Busy or Bust?
11 December 2024 | 14 replies
Slightly less bookings, way less lead times, prices have dropped.January 2025 is promising relative to how 2024 has played out.
Ryan Dunn
Unexpected Rate Increase on BRRRR Loan – Is This Normal?
10 December 2024 | 36 replies
Commercial lenders are not playing by the same set of rules as conventional lenders.
James Masotti
Project management software - how do you manage your projects?
17 December 2024 | 17 replies
@David RobertsonFor what it's worth I've been playing around with your beta version of Flipper Force and would like to say; it has the potential to be a game changer for the flipping business.
Gregory Schwartz
Could Redfin be correct predicting 7% interest rates in 2025?
22 December 2024 | 24 replies
He can't be more lenient on cutting rates like the last three meetings, and now has to actually play defense by hanging tight or actually increasing.
Himateja Madala
STR evaluation in Kissimmee(Reunion)
9 December 2024 | 21 replies
Playing an appreciation game can be risky.