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16 May 2019 | 17 replies
Soon it will be 22-30 depending on how large my next acquisition is.I ended up purchasing a10 unit in Fort Lauderdale, but have been busy so I haven't updated this.I'm looking to connect with people who want to help learn by doing some work and small projects and checking in on my property.
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13 November 2018 | 3 replies
Within 2-3 years they refinance, returning my principal, though I continue to hold equity in the project.
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14 November 2018 | 7 replies
They then have another realization that “sweat equity” is actually hard and requires tools, time, and a know-how in order to do the job right.When you’re under contract you’ll come up with a scope of work and budget, submit it for approval to the lender, and you’ll be able to make draws once you’ve closed and started the project.
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14 November 2018 | 6 replies
@Chanoch Moller, If your mentor is a real estate investor, you should talk to him about creating a Joint Venture so that he can advise you in your first few projects.
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27 December 2018 | 8 replies
You inject 35% /cash into the project & the lender will finance 65% LTC, set a maximum purchase price, pick a specific location, and property type.
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15 November 2018 | 3 replies
If you are dealing in retail or larger commercial projects, a NY attorney should be able to help you as long as they have what we call a "local counsel" consultant or a member of their firm with some knowledge in that State, which most commercial lawyers do.
18 November 2018 | 3 replies
Also a brand new, massive hospital just opened up in Chitre earlier this year.
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16 November 2018 | 8 replies
One is a partnership and handles commercial projects, the other is a LLC and handles small projects like kitchen or bath renovations.
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17 November 2018 | 22 replies
There is also a big revitalization project in the Portland area, but I think there is a perception of that part of town and it's relative distance to the other areas already mentioned that make it a hard sell.