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17 January 2025 | 3 replies
Just know that it is a "no days off" kind of business and very mechanical.I would suggest documenting your process via video so that eventually you can bring people on to replace the different hats you will be wearing.Keep in mind of these 5 components of any wholesale business.lead generation, deal sourcing, underwriting, marketing, transaction coordination.
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30 January 2025 | 19 replies
Keep in mind we are a "Mega PM", big staff big unit count, so it's a lot different then the Ma & Pa, but the principles can apply.
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21 February 2025 | 6 replies
Our mortgage at the moment is around $2100 including taxes and insurance, this would obviously go up if we do refinance.
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21 February 2025 | 4 replies
I'm finding when I look at a given property, I get inaccurate comps in two ways: 1st, a property will show up in the list as a comp to my subject property but have a REALLY low sale value; upon investigation I find that the property acutally hasn't sold in 10+ years but PropStream thought it was comp; 2nd, a property will show up as "Sold" in the MLS status, but all ownership and transaction history tab don't reflect the new data.
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21 February 2025 | 9 replies
They will make stuff up.
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16 February 2025 | 19 replies
Never know when a deal may pop up.
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22 January 2025 | 12 replies
We have regular evictions at this scale and they typically will take a few months up to six or seven months if the tenant contest/hires an attorney.
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17 February 2025 | 6 replies
LLCs are normal for CRE, so you divvy up the ownership interest how you and your capital partner(s) see fit.What's your specific question?
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22 February 2025 | 2 replies
Loan Diversification = Do not stack up a bunch of one loan product for your portfolio.
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21 February 2025 | 14 replies
You rates go up even if you don't make the claim.