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4 January 2025 | 67 replies
Also travelled 2 hours to find a security door design I saw in Orange Walk.
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1 January 2025 | 12 replies
The agreement specifically allowed KeyGlee to use the End Buyer's EMD to secure the underlying contract with the actual seller... and to forfeit that EMD if the End Buyer failed to close.
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26 December 2024 | 8 replies
While both involve finding and properly securing a site and bringing it to full entitlement, the ground-up process includes the land piece but gets way more involved and complex to execute.The full "Monty" for ground-up development needs to include financial literacy, an explanation of metrics, and how they work.
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24 December 2024 | 2 replies
It's impressive that you secured a deal like this with no renovations and turned it around the same day.
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3 January 2025 | 26 replies
Look for undervalued properties.Network: Connect with local real estate agents, contractors, and other investors for insights and deals.Analyze Properties: Use the 1% rule to evaluate potential properties (monthly rent should be at least 1% of the total investment).Secure Financing: Explore different financing options like conventional loans, hard money loans, or private lenders.As for timing, if you can handle the extra responsibility, starting now could give you a head start.
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27 December 2024 | 3 replies
- Securing the property- Removing the waterIf your furnace was stolen, you may need to get propane heaters to facilitate water removal.
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27 December 2024 | 2 replies
I help business owners and investors raise capital usually connecting them with partners who can secure $75k-$100k at 0% interest for 12 months.
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2 January 2025 | 11 replies
Luckily, I did not include this unit in my underwriting when purchasing, so the survival of this property is not contingent on this situation.Continuing to optimize for management of the building when I move out, like moving everyone to online rent payments or adding remote accessible security cameras.Exploring opportunities to expand my portfolio—I've begun my hunt for my next 3 to 4-unit building to house hack, ideally in Lake View, North Center, or Ravenswood.This year taught me that real estate investing isn’t easy, but it’s undoubtedly worth it.
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27 December 2024 | 4 replies
Since the property is in Los Angeles County, I expect the eviction could take 4-6 months, followed by another month or two to secure new tenants.
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25 December 2024 | 4 replies
Also, securing financing is no different than site built unless you're dealing with someone that has no experience originating loans.