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30 June 2024 | 9 replies
This is reason #42 why I only offer MTM leases.Now that that is out of the way, if they are on a term lease, just give proper notice to terminate based on your lease verbiage and local laws(!).
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30 June 2024 | 3 replies
Is there an architect who can assist with this project or please advise me what I need to do to get my project move forward?
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2 July 2024 | 7 replies
So i knock on the door and offer them 80k for the house AKA house 3. it sits on about a half an acre that is adjacent to house 2's half acre.
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1 July 2024 | 13 replies
Also contact your insurer and see if they offer a STR policy.
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28 June 2024 | 10 replies
@Dan H.Most GP’s don’t allow it, especially for accredited investment offerings because the purchase must also be accreditedWe have a reg an offering and have a death and disability clause that gives an out and have had one case where this occurred at of 700+ investors.As someone else mentioned, you would essentially be setting up an exchange which would require finra licensing and the licensing costs alone would make it cost prohibitive
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1 July 2024 | 6 replies
Each option has its pros and cons that can impact your investment strategy and overall success.HELOC (Home Equity Line of Credit)Pros:Lower Interest Rates: HELOCs typically offer lower interest rates compared to hard money loans.Flexible Terms: You only pay interest on the amount you draw, providing flexibility in how much you borrow and when.Revolving Credit: As you pay down the principal, the available credit replenishes, allowing you to use it for multiple projects.Longer Repayment Periods: HELOCs often have longer repayment periods, which can make managing payments easier.Cons:Qualification Requirements: HELOCs require good credit and sufficient equity in your primary residence.Secured by Your Home: Your primary residence is collateral, which means a default could risk your home.Variable Interest Rates: HELOCs often have variable rates, which can increase over time.Hard Money LoanPros:Easier Qualification: Hard money lenders focus more on the property’s value and potential rather than your credit score.Speed of Funding: Hard money loans can be approved and funded quickly, which is beneficial in competitive markets.Flexible Use: These loans are designed for real estate investments, making them suitable for purchase and renovation costs.Cons:Higher Interest Rates: Hard money loans typically have higher interest rates and fees compared to HELOCs.Short-Term Loans: They usually come with short repayment terms (often 12-24 months), requiring a quick turnaround on your project.High Fees: Origination fees and other costs can add up, increasing your overall project expenses.For a BRRRR strategy, a HELOC might be the better option if you qualify and have sufficient equity in your primary residence.
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1 July 2024 | 12 replies
What I mean is this Money market at Bank of America pays for instance 4%, the money market local Bank of Bricktown Pays 4.5%, an online outfit is offering 5%.
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1 July 2024 | 6 replies
We just listed a property and the photographer we use now offers 2-D and 3-D renderings which we opted for.
1 July 2024 | 4 replies
Here are three that I like:CallboxOverview: Callbox specializes in B2B lead generation and appointment setting services.Strengths: Offers robust KPI tracking, multi-channel marketing, and high-quality lead generation.Technology: Uses proprietary CRM and lead management tools to track and optimize KPIs.SalesRoadsOverview: A B2B appointment setting and lead generation company that focuses on quality.Strengths: Known for high-quality leads, detailed reporting, and KPI tracking.Technology: Provides detailed metrics and performance analytics to clients.CIENCE TechnologiesOverview: Specializes in lead generation, appointment setting, and data enrichment.Strengths: Strong emphasis on data-driven approaches and KPI measurement.Technology: Uses advanced analytics to track lead quality and performance.Here is some information to consider when you make your decision:Reputation and Reviews: Look for companies with positive client testimonials and case studies demonstrating success in your industry.KPI Tracking: Ensure the company has robust systems in place for tracking key performance indicators (KPIs) such as call volume, conversion rates, appointment setting rates, and lead quality.Lead Quality: Evaluate how the company sources and qualifies leads.
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30 June 2024 | 5 replies
Ive met with sellers who cant go on market because they cannot afford the commissions or don't have enough equity to cover the cash offers flip investors submit.