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12 November 2024 | 17 replies
Don't quite understand what you mean.Wholesaling has nothing to do with where you grew up.Wholesaling (as well as any other business) is about lead generation.I didn't grow up in NYC, and if I were to wholesale there I would dominate that market with my ability to rank websites #1, dominate online presence, credibility, and competence strategies I can apply to my online image.I think this is why so many people are "afraid" of wholesaling.Break wholesaling down into its most basic elements.
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13 November 2024 | 14 replies
Hi John- they seem to be in a tough spot related to the Synapse Financial bankruptcy- they've essentially suspended operations and are trying to sort through the mess.
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13 November 2024 | 17 replies
The other options you are playing with fire as using a HELOC that is paying interest is essentially buying with 100% financing.Having no skin in the game has always been a high risk strategy and people were able to get away with it the past few years due to the money supply and inflation but I would not use that as the measuring stick.
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11 November 2024 | 2 replies
Essentially you just take over the existing mortgage payment.
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11 November 2024 | 3 replies
I’ve noticed that my confidence grows with every conversation I have with experienced real estate investors, and even more so each time I take a concrete step forward.I'm a strong advocate for personal growth and development, and it's great to see that you also view it as essential to success in investing.
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11 November 2024 | 5 replies
Hello @Michael Dallas,To verify the seller’s information, ensure you request these essential documents:Rent Roll (to confirm rental income and occupancy)Lease Agreements (to review tenant terms)Financial Statements (past 1-2 years, including income and expenses)Property Tax StatementsUtility Bills (if applicable)Maintenance Records and recent CAPEX reportsInsurance Policy DetailsInspection Reports (any recent or previous reports)These will help you confirm the property’s income, expenses, and condition.
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12 November 2024 | 8 replies
It’s essential to have a protocol in place for these scenarios.
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13 November 2024 | 18 replies
If you're unable to visit the area, video walkthroughs and detailed photo documentation are essential.
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12 November 2024 | 8 replies
Matthew, if you are an accredited investor, there are literally thousands of syndications and crowdfunding deals (which are essentially syndications that are allowed to market over the Internet) available.
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11 November 2024 | 5 replies
Since repairs are essential, doing the HVAC and roof as cost-effectively as possible will boost rental value and make refinancing smoother.