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30 May 2024 | 17 replies
They can provide an accurate answer for their program.
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31 May 2024 | 33 replies
I listen to the wholesaleinc pod cast and they provide great information.
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30 May 2024 | 5 replies
Or perhaps the seller can provide you some financing.My guess is that any US-based lender would be making more of a personal loan than anything because it would likely be hard for them to put a lien against a property outside the States.Perhaps there are private lenders in that country that would be willing to lend to you as they would be more familiar with securing loans against properties there.
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28 May 2024 | 10 replies
People have already provided great input, so I will touch on your comment your wife said.You really need to sit down with her and explain the short term and long term goals.
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28 May 2024 | 2 replies
Less Competition - High-interest rates and market uncertainty may deter some flippers, reducing competition for distressed propertiesMarket Demand - In some areas, there remains strong demand for renovated, move-in-ready homes.Price Negotiation - Sellers of distressed properties may be more willing to negotiate in a high-interest rate environment.Cons:High Carrying Costs - High-interest rates increase the cost of borrowing, which raises your holding costs (interest payments, taxes, insurance, utilities).Market Volatility - Real estate markets can be unpredictable, and high-interest rates may lead to slower home sales and declining prices in some areas.Renovation Risks - Unexpected renovation costs and delays are common risks in any market, and high-interest rates exacerbate the financial impact of these issues.Financing Challenges - Securing financing for both the purchase and renovation can be more difficult and expensive in a high-interest rate environment.Mitigation Strategies:Thorough Market ResearchAccurate BudgetingEfficient Project ManagementFlexible FinancingExit StrategyFixing and flipping properties in today's market can still be profitable if approached with caution and thorough preparation.
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29 May 2024 | 0 replies
Partnership: Collaborating with Archie Ragland provided valuable local insights and expertise.
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30 May 2024 | 0 replies
Partnership with Jamie Munden: Collaborating with Jamie provided valuable How did you find this deal and how did you negotiate it?
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29 May 2024 | 0 replies
Our interest in the Donna Kay deal in Nashville, TN, was driven by:Strong Market: Nashville's robust real estate market.Profit Potential: An ARV of $315,000 presented a clear profit opportunity.Location: The property's desirable neighborhood added to its appeal.Collaboration: Partnering with Seth Choate provided local expertise.These factors made the deal an attractive investment for Partner Driven.
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28 May 2024 | 2 replies
Also, based on the new regulations (1 of the 2 units must be owner-occupied), how do you think this will impact the home's value?
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29 May 2024 | 0 replies
With Partner Driven providing capital and managing the renovation, we ensured the property reached its full value.