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7 December 2024 | 150 replies
I could lose my entire investment 400 times (and get 400 practice sessions in 400 days) for the price of the education, and if I couldn't learn the ropes well before I completed 400 deals in a single year, I'm not cut out for that business.
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6 December 2024 | 21 replies
Real estate is relatively easy and straight forward.
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2 December 2024 | 10 replies
So it will add time, and then you have to cut up and throw out big boxes.
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5 December 2024 | 18 replies
I'm not sure if typical property managers would take on the role, if they did they would want a larger cut.
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28 November 2024 | 4 replies
There used to be some landlord seminars for Dallas Housing Authority ever so often, so that might be a good place to ask if they are still doing those.One thing to think about is if Section8 might be subject to the DOGE cuts?
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14 December 2024 | 101 replies
Some Excel files that my 15yo daughter could have done a better job putting together and when we ask questions we are given the shuffle around, no one … and I mean NO ONE will give us a straight answer … I feel like we have just been sucked into the 2020's version of a new age cult!
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3 December 2024 | 10 replies
Cash flowing at 5% down was possible about 3 years ago—but that ship may have since sailed.Now, you’re left with two options: you can either pony up more cash per deal, or you can potentially look out of state for markets with more favorable rent-to-price ratios.Or…you can wait for rates to decline, but I don’t know how much a 100 or 150 basis point rate cut in the next year will really move the needle.That said, some firms (usually new construction companies, turnkey providers, etc.) will enter into forward commitments with lenders at institutional rates and then pass cost interest rate savings onto end buyers to entice them to purchase a property.
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1 December 2024 | 4 replies
Section 8 comes with guaranteed rent payments straight from the government, which is a huge perk.
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2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.
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21 November 2024 | 7 replies
They will try to cut the FED prime rate, increase tariffs, and shake up global trade.