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2 December 2024 | 6 replies
Honestly, purchasing courses might not be necessary since most of the information you're seeking—like drafting a strategy, understanding CRE, and building a team—is readily available online for free or at minimal cost.
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9 December 2024 | 21 replies
Readers should seek professional advice.
7 December 2024 | 35 replies
As an example, although we are “hard money” lenders we seek lower rate long term financing for our real property investments.
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29 November 2024 | 7 replies
Hello, name is Caiden Mooney. I grew up in Erie, PA but I am currently an officer in the Army stationed at Fort Stewart which is near Savannah, Georgia. I received a bachelors degree from Mercyhurst University and hav...
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2 December 2024 | 5 replies
California's housing prices are too high for our budget, and I'm at a loss.I'm seeking your advice on alternative ways to use these funds for good.
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5 December 2024 | 25 replies
That said, if you’re experiencing difficulties reaching them, it’s wise to pause and seek clarification until you feel comfortable.
27 November 2024 | 7 replies
Hey everyone,
I’m almost 30 years old and paralyzed from the neck down, living in New Hampshire. I rely on personal care assistants (PCAs) for daily help, which are fortunately covered by government benefits. However...
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30 November 2024 | 10 replies
Congrats on pursuing agency and seeking working with the investor crowd!
2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.
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30 November 2024 | 2 replies
.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.