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20 August 2024 | 8 replies
@Adaze Foltz Benefits:Direct to the source; more control over the receipt of the funds (initial and any rehab draws); able to not just establish a relationship, but also perhaps gain referrals of other private lending sources (those that are happy with the returns and payoffs - talk (boast) to their friends); faster to the table; can negotiate the terms (rate, when payments are made, other fees and when they are paid, etc.); usually nothing reported to credit bureaus.Risks:Using up the private sources money (tapping them out); The private lender didn't receive their payoffs on other loans as anticipated so they are short of funding your deal(s).
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21 August 2024 | 73 replies
1) With rent control, it keeps inventory low, thus high appreciation for rents.2) Higher dollar appreciation. 3% increase on a $1M value is higher than a 3% appreciation on a $100,000 value. 3) Same as #2 but with rents.4) Because of the above, you could argue that you are generating a higher net worth faster. 5) Expensive markets like LA, NY, and SF can be great for house hackers.6) Because I first bought in LA and then bought a second house hack, I have been able to leverage business partner, HELOCs, and a 1031 exchange and now have 15 doors between four states and I haven't had to put a down payment of my own money (or at least BRRRR and got my money back).
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19 August 2024 | 0 replies
This requires an income that rises faster than inflation, or you will not have the additional dollars you will need to pay future inflated prices.What causes rents (and prices) to increase?
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19 August 2024 | 1 reply
Was hoping to rent out our existing home and use the rent to pay down our new home mortgage faster.
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20 August 2024 | 8 replies
There are neighborhoods in Reno that rents have been rising faster than others.
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20 August 2024 | 17 replies
You will learn so much faster working for an established company, you'll earn a decent paycheck, and you'll quickly discern if PM is the right path for you.
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20 August 2024 | 64 replies
Anybody got any ideas on how to get a closing pushed thru faster?
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17 August 2024 | 5 replies
So perhaps if those same buyers were to pay for our services hourly, we may see them more motivated to make decisions faster.
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19 August 2024 | 18 replies
Prices have gone up faster than rents.
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20 August 2024 | 40 replies
We also offer 2-1, 1-0 and no PPP at OfferMarket.No PPP => same rate as our 5-4-3-2-1 (best rate) + 1.125 points at settlementRate for 3-2-1 vs. 5-4-3-2-1 is generally +0.125%.Many people do not realize that the PPP applies to partial payments (i.e. paying an extra $1,000 per month to pay the loan down faster will trigger the penalty).