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15 November 2024 | 1 reply
I'm chez, and I've been lurking on BiggerPockets for a while now, soaking up all the incredible knowledge here.
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20 November 2024 | 22 replies
I would suggest having a conversation first about what interests you the most, being excited about investing goes a long way, I would not just do it just to do it, what will motivate both of you?
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21 November 2024 | 12 replies
The seller has a motivation to sell to you at the highest possible number so you do not simply take their word for the price etc.
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18 November 2024 | 16 replies
@Philip Jones we've helped our clients do over a hundred.As some of the lenders posting have pointed out, the challenges are:1) Property value and corresponding loan size2) Appraisals have much better comparables than 5 years ago, but may still be an issue.3) Property condition can be an issue via the appraisal4) Ownership seasoning - most lenders looking for 6+ months or incredible documentation for cost of improvements made.5) Most DSR lenders require professional property management.Always try a small local bank or credit union, but most will expect you to transfer your business bank accounts over to them.
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14 November 2024 | 25 replies
So in other words you can't target motivated sellers, but you know WHERE they will be when they become motivated.
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20 November 2024 | 37 replies
Otherwise, you can end up being a motivated seller which is exactly what you do NOT want to have happen.
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12 November 2024 | 17 replies
If you need to do Skip Tracing, mailers, and "Propstream", you don't understand the concept of motivated sellers, and that is why so many of you struggle.If you do not understand the concept of motivated sellers, how do you expect to be successful in finding them.I recommend you read my post here:https://www.biggerpockets.com/forums/93/topics/1215116-all-i...
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17 November 2024 | 16 replies
You have been working so hard and are so motivated--- congrats on being so close!
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22 November 2024 | 92 replies
The 1% rule incredibly flawed, even as a short form underwriting technique.
15 November 2024 | 5 replies
In the meantime, I've come to realise the PM is incredibly incompetent and unreliable, and have found a new one.