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28 October 2024 | 5 replies
You’ll need to experiment with these variables until you find a method that works.These days, I’m fully invested in Google Ads, which doesn’t require data extraction and allows you to pre-screen people.Additionally, to monetize the leads, you could make a deal with a broker to get a finder’s fee (they can split the commission, but only if you’re a licensed broker).
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25 October 2024 | 9 replies
It also pulls data on pre-foreclosures and auctions, which can be useful for off-market deals.Deal Machine shines if you’re focusing on driving for dollars and building your own leads.
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25 October 2024 | 13 replies
Pre Payment Penalties of 2-3-5 years are common but can be bought out of in upfront points or increased interest rate.
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26 October 2024 | 10 replies
Thankfully I had negotiated a pre-determined buy-out right where I could buy them out at a fixed IRR at any time.
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25 October 2024 | 2 replies
The home buying process typically follows these key steps:Assess Your Finances: Review your credit score, savings, and determine how much you can afford for a down payment and monthly mortgage payments.Get Pre-Approved for a Loan: Work with a lender to get pre-approved, which gives you a clear budget and shows sellers you’re a serious buyer.Find a Real Estate Agent: Partner with an experienced agent who knows the local market and can guide you through the process.Search for Homes: Browse listings and visit properties that fit your criteria (location, size, price, etc.).Make an Offer: When you find a home you like, submit an offer through your agent, including contingencies (financing, inspections, etc.).Home Inspection & Appraisal: Once the offer is accepted, hire an inspector to ensure the home’s condition and the lender will order an appraisal to verify the property’s value.Secure Financing: Finalize your mortgage by submitting required documents and ensuring the lender clears you for closing.Closing: Sign the final paperwork, pay closing costs, and receive the keys to your new home!
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27 October 2024 | 16 replies
Like everyone said.Grab up @Avery Carl's first book - https://store.biggerpockets.com/products/short-term-rental-l...Then grab her next book which is available for pre-order - https://store.biggerpockets.com/products/smarter-short-term-...Seeing as you are new the STR business, these are great books to grab up and read.
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1 November 2024 | 9 replies
I think instead, I'll just purchase what they call the "pre-protege" program.
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25 October 2024 | 26 replies
This is exactly what's going on.Ask them to send proof of funds or pre-approval letter first.
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25 October 2024 | 22 replies
Start by reducing debt, researching Houston market trends, and obtaining pre-approved loans.
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26 October 2024 | 50 replies
Their questionnaire to pre-screen potential applicants meant to save them from wasting time showing the property to unqualified people.