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13 January 2025 | 7 replies
If you give someone over 19% membership interest in the deal, the bank will usually require a personal guarantee from that individual.
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18 January 2025 | 4 replies
If you don’t mind a little more advice…when I’m running projections like this, I like to use the worst case scenario and if the numbers don’t work out in that scenario, I usually pass on the deal.
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19 January 2025 | 6 replies
The price point to entry here is usually $120-180k to find positive cash flowing deals.
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23 January 2025 | 52 replies
That is helpful, but do you find, like I do, that only maybe half of those people actually appreciate that you went an extra level to help them and answer?
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10 February 2025 | 16 replies
Buyers usually want to purchase on today’s value while sellers often want to use future potential of the property (“current rents are below market” or “room to build an additional property”, etc) to increase the purchase price or likelihood of a sale.
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22 January 2025 | 16 replies
Hey, I went down my usual list (all local credit unions) that had the best rates 6 months ago, this one was the best one that I used for my last mortgage.
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16 January 2025 | 6 replies
Personally, I bought a 3 bed single family home soon after starting my job and had two friends from college rent which covered my mortgage plus a little extra.
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14 January 2025 | 3 replies
Also Cocktails and Real Estate at Patriots place.BP does have a local meetup section which usually has good local options.
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3 January 2025 | 10 replies
Before you jump into some type of mentorship (that they usually want you to pay for), I would start doing some meetups in your area with local real estate investors.
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10 January 2025 | 1 reply
I usually just do fox and rent for my own.