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7 August 2024 | 2 replies
It's probably a good idea to run this by your attorney as well.
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8 August 2024 | 9 replies
Typically I work with investors who have a well thought out strategy but sometimes lack information about the Rochester market.
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7 August 2024 | 8 replies
who starts off the project by cheating and asking you to cheat as well.
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9 August 2024 | 14 replies
The seller has a 30 day right to cancel so if you advertise, investors can go direct to seller and circumvent the wholesaler. well all the more reason I guess to have RE license and then have a listing agreement.
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7 August 2024 | 20 replies
I wouldn't recommend BRRRR in random far away cities unless you're going to fly there and get to know the area really well and develop relationships with a trusted team (key word: trusted).
7 August 2024 | 0 replies
Works well for us.
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9 August 2024 | 13 replies
Relay Bank has worked well with my bookkeeping clients.
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9 August 2024 | 5 replies
Well, a website doesn’t verify identity.
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7 August 2024 | 27 replies
While the obvious caveat to this is a slightly higher purchase price (if you choose to do so), there are a variety of benefits to this strategy as well, such as:- The idea of getting a Lump Sum Payday (from the bank) AND a steady stream of Passive Income from you as an investor for the downpayment is incentivizing to most. - If the seller is desperate to close (due to health issues, family problems, liens, etc.), they may agree to Seller Finance the small amount in order to ensure the deal makes it to the closing table. - You're minimizing how much is coming out of pocket when closing arrives.
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10 August 2024 | 14 replies
There’s nothing worse than a lender that over promises and then can’t deliver (sometimes they don’t even review your file before giving you the pre-approval letter and assuring you that all is well, charge you for the appraisal and let you go through inspection and pay for that out of pocket too, then their underwriters get involved and discover some reason they can’t process the loan leaving you high and dry).