John Underwood
Why an LLC may not protect you from a Lawsuit
19 December 2024 | 50 replies
Yes, custom for OJ.
Jason S.
Flat Broke and No Funds...What to do???
11 December 2024 | 68 replies
There's a lot of ways, just need to look at your overall financial picture and where your money is going and focus on the trouble spots.
Sam Lewis
Why would hard money lenders trust someone they don't know?
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.
Christopher Warren
Multifamily Mindset $40k ????
10 December 2024 | 26 replies
Making memories with family and friends for pictures and videos become what is most treasured as people get older and more life experience.
Damian LaGrange
Cap rate vs per door price?!?!?!
29 November 2024 | 6 replies
For example a property with a $100,000 door cost and very little capex is going to be a much better deal than a property across the street that is $80,000 per door but has significant deferred maintenance.So the analysis is preliminary and either can be used, but at end of the day you need to deep dive into the entire picture.
Kar Sun
Lease Final Walkthrough
30 November 2024 | 12 replies
If she wants to protect herself, tell her she can record the inspection with pictures, and you will give her a signed copy of the inspection sheet.Honestly, if you anticipate the charges to be less than $500, I would refund the deposit and be done with her.
Leslie Chukwuleta
Mid Term Rental help in DFW
2 December 2024 | 29 replies
It's smart to consider your options carefully.To give you a clearer picture of the market, properties listed on PadSplit in the Dallas-Fort Worth area, including Garland, are currently 94% occupied.
Ashley Mierez
Why don't agents and investors like wholesalers??
26 November 2024 | 25 replies
Luckily my customers were pretty loyal to me but you get the point.
Ethan O.
Orlando Short Term Rental
30 November 2024 | 12 replies
above and behind picture frames - vases washed.
Lewis Kerwin
Does this SFH warrant full interior repainting? And if so, is $3000 reasonable?
26 November 2024 | 9 replies
There's not enough evidence to tell me which way I would go.The pictures indicate that the last tenant didn't clean.