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10 February 2025 | 21 replies
I would not borrow from ANY lender I learned of over the internet unless I knwe personally people who had used them.
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10 February 2025 | 5 replies
Since your property has high resale potential, some lenders may be willing to work with you.Cash-Out Refinance – If you’re open to refinancing, you could take out a new mortgage for a portion of the home’s value (say, 60-70% of the $500K), and use the cash difference for renovations.Personal Loan – If you have good credit, you might qualify for a personal loan for part of the rehab costs, though interest rates are typically higher than secured loans.Partner with an Investor – Given the potential profit, you may be able to find a real estate investor or contractor willing to finance the rehab in exchange for a share of the profits upon sale.Your best option depends on your financial standing, timeline, and risk tolerance.
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30 January 2025 | 34 replies
Personally, I think this company is probaby about to go out of business - they have lots of inventory, and it's not exactly prudent to be investing in FL in the coastal areas now anyway.
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6 February 2025 | 12 replies
I personally really like the suburbs, and that's where I have most of my rental properties.
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30 January 2025 | 5 replies
@Sonya Sharova I haven't personally done Frank Rolfes boot camp but I have heard it's great.
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23 January 2025 | 5 replies
Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.
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21 January 2025 | 19 replies
Of course most GPs have personally put in money to keep the deals from sinking.
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19 January 2025 | 10 replies
The interest rate on a HELOC or Heloan may be better than the personal loan.
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23 January 2025 | 30 replies
This person did not raise any money, they invested around $600,000 into the offering and because they were one of the larger investors were considered a Co-GP because it was a new sponsor and they needed this persons $.
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29 January 2025 | 9 replies
I personally like the buy-and-hold strategy and we help clients who share this long-term, wealth building mindset.