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29 January 2025 | 7 replies
If you need more to do the rehab, perhaps instead of partnering, you could get your former boss to do a personal loan.
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15 February 2025 | 15 replies
I think of it like an employee or personal assistant.
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31 January 2025 | 46 replies
I can think of a few BP-specific cases where the ability to delete a post makes sense:Noobs don't usually get the '@' feature right the first time, so I am constantly seeing double-posts so that they can properly call out the person.
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31 January 2025 | 3 replies
I've personally utilized private notes on three transactions and participated in another handful of negotiations with sellers on behalf of buyers in the past five years.
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10 February 2025 | 5 replies
Since your property has high resale potential, some lenders may be willing to work with you.Cash-Out Refinance – If you’re open to refinancing, you could take out a new mortgage for a portion of the home’s value (say, 60-70% of the $500K), and use the cash difference for renovations.Personal Loan – If you have good credit, you might qualify for a personal loan for part of the rehab costs, though interest rates are typically higher than secured loans.Partner with an Investor – Given the potential profit, you may be able to find a real estate investor or contractor willing to finance the rehab in exchange for a share of the profits upon sale.Your best option depends on your financial standing, timeline, and risk tolerance.
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10 February 2025 | 21 replies
I would not borrow from ANY lender I learned of over the internet unless I knwe personally people who had used them.
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6 February 2025 | 7 replies
I don't have any brand preferences personally (I use Fantasy Spas at most of my units but I'm sure there are alot of reputable options), but just make sure wherever you place it is built to handle that type of weight.
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27 January 2025 | 6 replies
They obtain and manage capital, whether it’s private equity/debt, bank financing or personal capital.
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3 February 2025 | 5 replies
These loans are based on a property’s rental income rather than your personal income, making it easier to qualify as you expand your portfolio.Networking and Mentorship:You’re already off to a great start by reaching out here!
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27 January 2025 | 48 replies
Have met him personally a couple times and he is just a great guy all around.