Ibrahim Mawri
Seeking Feedback: Would a Tool to Streamline Due Diligence in CRE Be Useful?
11 October 2024 | 3 replies
If the tool has merit, then build it for yourself, and it will pay for itself on that basis alone.If it will not pay for itself (& time counts as a cost) when the only customer is yourself, it's probably been done a thousand times, and/or isn't as useful as you think.
Marc Shin
is now a good time to buy investment real estate?
16 October 2024 | 32 replies
That line is been stated and promoted literally thousands upon millions of times.
Alec Barnes
What can property managers do to strengthen their relationship with Investors/Agents?
12 October 2024 | 5 replies
@Alec Barnes one of the problems with communication is the different expectations.Agents and consumers all think PMCs should be available 24/7.NOT POSSIBLE for the relatively small monthly fees owners pay PMCs versus the thousands of dollars of commissions agents get per transaction.So, while agents may answer their phones 24/7, most PMCs do not.
Stuart Udis
Are Wholesalers Really Your Golden Ticket To Succes??
17 October 2024 | 20 replies
In the Phoenix market, I haven’t encountered a wholesale deal in the past year that I would consider a good opportunity, despite reviewing hundreds—well over a thousand, in fact.
Karen Smith
Key Qualities to Consider in a Borrower Before Offering Private Money Loans
11 October 2024 | 17 replies
A bad borrower can ruin even a good deal.
Andrew Syrios
Visiting Chichén Itzá
8 October 2024 | 8 replies
@Andrew Syrios Tulum ruins of course and if you can make it Akumal to see the giant turtles eat under the sea!!
Account Closed
PEP fund with Lane Kawaoka
15 October 2024 | 69 replies
They put 100k here plus here and there over dozens of deals and hope the portfolio average stays positive over time.I know I deal with very wealthy people on a daily basis and have talked to thousands of millionaires over the phone through the decades.
Corey Crowley
Question about cash out refinancing
15 October 2024 | 12 replies
Hey Corey -Three things I’d like to highlight are:1) Most lenders will have a leverage cap on doing a portfolio loan versus doing a single asset, so definitely ask the lender(s) that you’re speaking to about this. 2) Be mindful that a portfolio loan will save a decent chunk of change (thousands of dollars) on closing costs, so that can make it worth it. 3) Lenders will also have partial release clauses for paying off individual properties in the portfolio.
Jose Quinones
Introduction to make to connections
12 October 2024 | 10 replies
Even worse, most properties here are trashed and being sold at the ARV and are still being bought thousands over asking.
Chida Truong
Pace Morby Mentorship
14 October 2024 | 420 replies
Pace spends tens of thousands of dollars keeping contracts updated for all of us.