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28 January 2025 | 4 replies
Specifically, must this be a commercial/business loan type where you have higher rates and shorter loan life or is there an alternative loan type?
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28 January 2025 | 3 replies
Listen to podcasts, read books, and if you plan to invest in the Netherlands find some resources that speak to that market specifically.
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29 January 2025 | 11 replies
I scoured craigslist, the web and facebook for people to do very specific tasks.
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11 January 2025 | 7 replies
The best way to do this is to renovate a unit or two to the specifications to bring it up to market.
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28 January 2025 | 16 replies
My advice would be to specifically retain a potential eviction attorney from the start, in order to be prepared for how this *may* go.
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23 January 2025 | 2 replies
The other is a smaller operation which does a lot of business in the specific neighborhood the house is in.
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1 February 2025 | 0 replies
Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.
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30 January 2025 | 2 replies
Option 2: Electrician recommended mini splits - said 2 units should do the trick and would cost around $6-$7k.Heating system 2 is forced hot air oil furnace specifically for the 3rd unit.
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24 January 2025 | 12 replies
Any HML will want answers to those questions plus a rehab budget before getting you a term sheet for a fix n flip loan for this property.I close these types of loans all the time, if you have any specific questions about the process don't hesitate to reach out.
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27 January 2025 | 10 replies
I would ask, when you say real estate, specifically what are you trying to accomplish or do?