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12 October 2015 | 1 reply
I'm looking to team up with talented individuals to make dreams happen.
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16 February 2017 | 5 replies
Write a super detailed scope of work.
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19 June 2020 | 1 reply
Just curious because i am thinking of ways I could possibly add value through my artistic talents.
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12 October 2015 | 0 replies
I know how vehicles write-offs work with depreciation and leases write-offs.
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13 October 2015 | 4 replies
The person looking to be a partner uses their SDIRA instead to write a loan/mortgage from their SDIRA.
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13 October 2015 | 2 replies
You want a good agent, filter them BEFORE you write that they stink...all of them.
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13 October 2015 | 16 replies
In many jurisdictions, this is an illegal step, even if the tenant agreed in writing to transfer utilities .
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14 October 2015 | 14 replies
@Curt SmithI'll make a really broad statement, if you do want to do one or two sandwich lease option deals a year it's not a big deal as far as being licensed, this is only my opinion but I think most "departments of real estate" could care less of 1 or 2 dealsThe big point I'm trying to make is if you want to do 50 to 100 of these deals a year, there's no way around not being licensed in most states because you're acting as a major business operation, there is a pattern of similar business activityAnd I've said this over and over, all it takes is for you to get a negative reputation at the department of real estate in your state which will stain your reputation from being licensed in the future; all it takes is one real estate broker to write a letter to the commission and now you've got headachesIt's prudent just to get licensed and build a business you can be proud ofA sidenote: I think a lot of people on BiggerPockets think that if you are licensed it stops you from doing creative deals, that's not true at all.Regarding sandwich lease options on nice houses in nice areas, Dodd Frank excludes your relationship with the owner as an investor, if your subleasing and sub optioningI think there's a great opportunity for you getting rent credits and doing creative contracts with your owner as an investor with sandwich lease options, but don't be broke and not have some reserves like 3 to 6 months in case the tenant buyer doesn't pay you when you sub option and subleaseAnother issue is be careful of who you let into the house and make sure the tenant buyers work on their credit and save money for down payment and they truly want to be homeowners.
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26 March 2015 | 19 replies
I have 4 portfolio lenders that I use and there are times when 3 of them are not writing any loans.
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13 March 2015 | 9 replies
In the past, I have heard that some banks sell notes as fast as they write them.