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25 November 2024 | 2 replies
You can always search local tax records on your assessor's website.
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26 November 2024 | 2 replies
Here are some key red flags to watch for:🔴 Lack of experience: A borrower without a proven track record in real estate projects may struggle to navigate unexpected challenges.🔴 Overly optimistic projections: Unrealistic ARV (after-repair value) or underestimated rehab costs can signal poor planning—or worse, a lack of transparency.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.
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26 November 2024 | 11 replies
Can you go ahead and change that (think address of record for LLCs or bills for other properties).Make sure any HOA and the local government allows for your home as an MTR.1 last point to add to Jamie's first point: if you can, take a video tour of the home and what you're leaving behind.
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18 November 2024 | 2 replies
Looking to buy a house in Berkeley, CA. and have a quick question regarding the property title & assessor records.
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26 November 2024 | 6 replies
I took a 3rd loan of $45,000 from a family member on a 36 month non-recorded loan to help with the down payment costs.
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26 November 2024 | 3 replies
Ensure your records include details of any hired help and the tasks they performed.
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25 November 2024 | 3 replies
If we are checking property tax records, should we not buy a home where different LLCs (investors) have owned it and sold it every 2 to 3 years?
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25 November 2024 | 12 replies
I invested in a syndication, but it was with an investor that had a long track record.
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26 November 2024 | 9 replies
To everyone on the wholesaling forums, understand this:Focus on learning from those with real experience and a proven track record of success.Don’t waste your energy on negativity.
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26 November 2024 | 5 replies
I've seen investors allocate 5-10% for capital expenditures (capex) and vacancy, but you won't have a clear understanding until you've owned the property for a few years and established a track record.