Lucas Schlund
How Much Cash Do I Need To Put Into My First BRRRR and How Much Should Be Financed?
21 November 2024 | 23 replies
I've even heard of GCs using auction type settings for returned items at Home Depot and Lowes for steep discounts.I've learned a lot about the GC game as I was up close to over 40 projects last two years and some went well and some did not and when they did not it was all Contractor related.If a GC isn't sourcing cheap materials at the same time milking the hell out of his 150-200 per day workers, then you can find yourself eating into your margins real fast.
Stuart Udis
Structuring your entities for anonymity is NOT asset protection
21 November 2024 | 39 replies
Some of the simpler asset protection solutions would include the following: having max funds allowed in qualified retirement plan or IRA rather than personal as retirement plans are exempt assets in Federal and most state bankruptcies; investing through an annuity if your state (Florida and Texas for example) exempts insurance policies and defines annuities as an insurance policy; taking advantage of maximum homestead exemption in your state; use of corporations or more popular LLC or Series LLC to limit liability to the entity holding the asset; reasonable liability insurance if available; separating asset ownership from asset management; etc.I can design a simple, cost effective asset protection strategy of up to about $5million with little cost IF the individual resides in Texas or Florida.
Gregory Schwartz
Best place to pull lists
13 November 2024 | 4 replies
I don't know that Crexi has any information on the owners, just data on multi and apartments.Based on a Zoom call I was on last week it sounds like Crexi is stepping its game up trying to compete in the CRE world.
Jonathan Greene
Calling Out The Welcome Trolls, The Cut and Pasters, and AI Posters
16 November 2024 | 32 replies
Quote from @Jonathan Greene: Quote from @Jonathan Klemm: Good call out @Jonathan Greene - @Moderators need to continue to step up there game, but there are obviously limitations.
Brian Joseph OConnor
Seeking DSCR lender to scale my specific long term rental strategy
19 November 2024 | 6 replies
You have to find a way to implement your game plan within the confines of either an LTR or STR DSCR underwrite assumption.
Clinton Bolton
Kris Krohn partnership
14 November 2024 | 24 replies
No one last that long in the game unless maybe Kris is only 25 YO or something
Kenneth Johnson
Literally any advice to getting started would be appreciated.
18 November 2024 | 12 replies
Go on hikes instead of football games.
Ray Hernandez
Becoming A Short Term Lender?
20 November 2024 | 37 replies
IMO, only worth it if you have access to enough capital to scale your efforts, though.Can't be compared.To do well in the lending game, in addition to controlling your risk and what others have mentioned, you need...
Kimberly Rowe
Lots to Learn!!
14 November 2024 | 4 replies
RE is a get rich slow game and there are increasing number of people talking about how difficult it is to retire from your day job even with large numbers of rentals because cash flow is thin.On the one hand there is the Small But Mighty portfolio mentality which I believe is a book in the BP store by Chad Carson.
Jake Tiffany
Marketing to Marketers
15 November 2024 | 5 replies
You can search on Google, attend REI meetings, or explore Facebook groups.People invest a lot of time and energy in generating off-market leads, and connecting with reliable, reputable sources who supply quality deals can be a game changer.