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31 October 2024 | 37 replies
It looks to me like you would be essentially giving WWC a loan to be paid back through the property's earnings or a refy or a sale...and then you would get 65% of all proceeds after you get your invested capital back...Most syndications I have seen, the sponsors offers a preferred return (6-8%) on the investors' capital until the capital gets repaid in full.
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1 November 2024 | 19 replies
It is essentially a promissory note/personal loan using the note as collateral.
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4 November 2024 | 34 replies
For properties like these, the condition and price often don’t warrant upfront financial vetting, and too many barriers can add friction to the process.When it comes to lead times, I agree they’re essential for occupied homes—if tenants are involved, a 12-24 hour heads-up allows everyone to prepare.
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28 October 2024 | 30 replies
Construction is great, but flipping has dozens of moving parts simultaneously, with hundreds of elements to manage.
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29 October 2024 | 16 replies
When approaching the seller about seller financing, especially given the unique nature of the property and potential challenges in selling it, it's essential to frame the conversation in a way that highlights the benefits for both parties.
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30 October 2024 | 4 replies
It was enough time to put together an overnight bag with a few essentials, and Torres told the woman she could come back for bigger items later.
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31 October 2024 | 14 replies
Understanding how to source and underwrite deals is essential to BRRRR properly.
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28 October 2024 | 4 replies
The latter will typically cost you more, as there are two sets of closing costs and the front side will pass their cost on to you, so you pay twice essentially.
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30 October 2024 | 28 replies
They maintain access to the house managers and meetings, and while we make the transition to independent living as seamless as possible, they are essentially on their own.
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28 October 2024 | 8 replies
It gets tricky to get deals to pencil out with 100% financing essentially, so you would want to make sure you're all in at no more than 65% of the ARV and have a deal you can be in and out of pretty quickly especially if you're using something like a business loan or credit.