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30 September 2024 | 10 replies
There is now also passive pockets.Every presentation is going to make it sound like a can’t miss opportunity - that’s the whole point - a sponsor is not going to say their investment stinks.You can also ask the sponsor if they have ever had a track record verification report done or had a third party report done as well. 99.9% of sponsors don’t get one (for obvious reasons) and those that go after institutional absolutely must get one.
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3 October 2024 | 15 replies
You should find a reliable rehab calculator and learn how to use it to evaluate the true profitability of your flip.
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30 September 2024 | 9 replies
Is DIY cost segregation reliable?
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30 September 2024 | 12 replies
I'm concerned that if I place an ad to find people who will work on an hourly basis (in the area of the property) that I might have a hard time finding people who can reliably respond to emergencies during off hours, but I can't afford to have someone working full time or with standard on-call rotations.
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1 October 2024 | 8 replies
Loan to value and reliable source of payments is what matters.
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30 September 2024 | 4 replies
Whirlpool is a much more reliable brand.
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30 September 2024 | 8 replies
You might consider bank statement loans or no-income-verification loans, which use your 1099s or bank statements to qualify.For down payments:Traditional loan: Typically 5%-20%.FHA loan: 3.5% down, but may still require tax returns.
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30 September 2024 | 10 replies
Always good to work with a seasoned rep who is reliable well respected and has aggressively priced products.
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2 October 2024 | 8 replies
You'll need a reliable network of local professionals (plumbers, electricians, handymen) you can trust.Hiring a Property Manager:Peace of Mind: They handle day-to-day operations, tenant communications, and legal compliance.Local Expertise: They understand the local market trends and rental laws in Colorado Springs.Cost: While there’s a fee, many find it worth the reduction in stress and time commitment.Lessons Learned from ExperienceBuild a Strong Local Team: Even if you manage the property yourself, having a dependable local handyman and a real estate attorney can save you headaches.Leverage Technology: Utilize property management software for rent collection, maintenance requests, and tenant screening.
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30 September 2024 | 1 reply
When I was wholesaling, the hardest thing to do was to find reliable contractors who could get the job done and not leave the house a total mess.