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31 December 2024 | 76 replies
DO NOT pay for what is readily available here in this forum and in Avery's book.
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28 December 2024 | 26 replies
Credibility Package - $7,800 reduced to $5,800 if you sign up right away. 2 to 3-month payment plans available.
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11 February 2025 | 183 replies
Current financing available, construction costs and how to reduce them, appraisal trends, best practices when building on investment properties, rental values, design trends, how to minimize the construction time, which cities are helpful and which aren't, etc.
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4 January 2025 | 16 replies
With it being on the park, there are very few properties that become available to purchase that are on the park.
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20 February 2025 | 114 replies
Congrats, on both of those deals and, more importantly, on staying persistent to find your niche.Lots of misinformation on this thread.Andrey is not pitching anything or lyingHe is not expecting 30% IRR on every opportunityFinding and vetting trustworthy sponsors is not as hard as non-syndication investors thinkPerforming diligence on sponsors takes years, not hours or daysMany sophisticated LPs perform extensive diligence on sponsors and opportunities that is not discussed on BP (TLO reports on history of crime, bankruptcies, collections, credit, businesses owned, personal residence owned, employment, family members (including phone numbers), even traffic violations...the list goes on)Many LPs leverage sites like Ian's, 506 group, in-person conferences, and one another to analyze opportunities and sponsors together (it's a lot more sophisticated that the "what do you think about XYZ" posts on BP)There are tons of sponsors and opportunities that don't use short-term, bridge financing or max leverageMost are using 5-12 year debt, with inception LTVs in the 70s and year 2-3 LTVs in the 60s (and carry high reserves on top of that)The opportunities discussed on BP are only a small fraction of what's available in the marketPrudent syndication investing is just like anything else in life...it takes diligence and time.
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29 December 2024 | 12 replies
If the borrower already was foreclosed on, how are they still in the property and available to do the deal?
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31 December 2024 | 32 replies
I think we both agree that my team could have done better on the front end at setting your expectations from us on timing and availability of houses that meet your needs.
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3 January 2025 | 8 replies
The team and then myself, all tried to set their expectations, but to no avail.
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7 January 2025 | 16 replies
I really believe that we live in a time where all the information you need to do just about anything is available for free online.
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31 December 2024 | 5 replies
Having 2-3 contractors in each field is important, as your preferred guy won't always be available.