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24 November 2024 | 8 replies
Certainly track record is very important, but track record is so much more than deal performance.The last decade was a consistent bull market so almost anyone could put some runs on the scoreboard while learning little to nothing.
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25 November 2024 | 5 replies
Also, we have a team of fifteen employees now, with processes and systems to scale.Given my track record and ambitious goals, I'm exploring ways to attract investors for fix-and-flip projects and rental property investments.
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1 December 2024 | 91 replies
If the person managing the synidation does not have a pre-2007/2008 track record, that is not one I would get involved in.
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27 November 2024 | 4 replies
You can start with interviewing 2-3 agents and look for proven track record.
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25 November 2024 | 2 replies
You can always search local tax records on your assessor's website.
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28 November 2024 | 4 replies
The LLC in this case is more just asset protection and not having your direct name listed on the county tax record.
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26 November 2024 | 86 replies
But, none of them are willing to discuss the matter on the record.
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7 December 2024 | 150 replies
I can tell you if you need to follow the telephone recording requirements for note collections and having a collections activity log but I can't just answer how do I learn.......at east beyond what I've mentioned.
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26 November 2024 | 2 replies
Here are some key red flags to watch for:🔴 Lack of experience: A borrower without a proven track record in real estate projects may struggle to navigate unexpected challenges.🔴 Overly optimistic projections: Unrealistic ARV (after-repair value) or underestimated rehab costs can signal poor planning—or worse, a lack of transparency.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.
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26 November 2024 | 11 replies
Can you go ahead and change that (think address of record for LLCs or bills for other properties).Make sure any HOA and the local government allows for your home as an MTR.1 last point to add to Jamie's first point: if you can, take a video tour of the home and what you're leaving behind.