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8 June 2024 | 5 replies
Any thoughts on if those caveats might protect me in this instance?
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8 June 2024 | 25 replies
We are working with quite a few renowned developpers and we are specialized in the Bayahibe area, Las Terrenas, and Cap Cana.Properties in Bayahibe have a quite amazing ROI because of their discounted price (as the place is less renowned than Punta Cana for instance), and its high occupation rate (one of the highest in the country).We have a lot of projects with amazing rentability at the moment, feel free to contact me if you want to know more, or if you are curious about the location!
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9 June 2024 | 18 replies
In this instance, if comp is set at 2%, you may see an additional $3,200 in Section A of your loan estimate/closing disclosure for a DSCR loan where you may not see that on a conventional loan.
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9 June 2024 | 36 replies
For instance, real estate investors in New York City have seen up to a 15% year-over-year growth using direct mail campaigns, highlighting the potential success of committing to this method (GTMnow).Psychological Principles:Dr.
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7 June 2024 | 15 replies
Rates and terms to good to be true in todays market for instance there is no 5% money for anyone not even from banks.. rates should be 9 to 15% with 2 to 5 points plus fees. 6.
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6 June 2024 | 3 replies
just be cautious when it comes to using these. ensure you've got a plan to pay that balance back in a relatively quick fashion as most HELOC rates can fluctuate which could make the numbers suddenly not work. i've leveraged mine in instances where i'm doing a BRRR and i want the deposit for a private money loan. i'm not using it as my downpayment and leaving it out there for a long period of time.
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6 June 2024 | 11 replies
The biggest advice I can give you is to figure out your own goals, and be specific, so I want to invest in multi family for cash flow for instance is too broad, is your goal to have an investment or a place you enjoy living, those are often in conflict as most multi family tends not to be in the most desirable parts of towns, are you willing to high cash flow in exchange for alot more effort, risk and limited appreciation, or do you want a more stable property with potentially less or even zero cash flow, if it’s a primary residence, are you going to live there long enough to make it more sense than renting, the breakeven period in a place like Baltimore might be 3-5 years.
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11 June 2024 | 116 replies
I actually thrive on it).But these guys wouldn't let you leave the room and stood at the exit.Wouldn't mind an instance like that nowadays when I'm a bit heavier 👊 lolLove the Rich Dad book though and got me into real estate.My path consisted of doing, making mistakes, trying again, not repeating the same mistakes, making more mistakes and just figuring S#%@ out lolMuch success to all
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5 June 2024 | 2 replies
Say for instance I am wholesaling a property that I just got under contract today and on the contract,I put the closing date 30 days out.
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5 June 2024 | 0 replies
(I see this a lot, for instance, a contractor operating and giving estimates under his name with the license of someone else even under the same corporation but the licensed one is nowhere).