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13 December 2024 | 5 replies
I'm local the SLC area.
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11 November 2024 | 5 replies
It's all about timing and the ability to finance the property.
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20 November 2024 | 3 replies
Congratulations on deciding to take a big step by introducing yourself to the forums - while everyone is friendly and looking out for your success on these forums, I remember how intimidating it was making my first post introducing myself to the community 10 years ago and before I started working here.
22 November 2024 | 4 replies
Quote from @Account Closed: Hey guys,I have no experience but after looking at all my options I have come to a conclusion that my best move is to buy land and develop multi-family apartment building (15-20 unit) 2 story somewhere between Miami Jupiter.Budget for everything 3MDone with cash + 6% line of creditLooking for long term holdI would love to hear any insight on what areas I should look at, ballpark of build price (hard costs and soft costs) and would love to network with anyone in the area on this.ThanksIf you're looking to develop a 15-20 unit multifamily building with a $3M budget between Miami and Jupiter, there are a few key things to consider:Land Budget: Aim to keep land costs around 10% of your total budget.
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19 November 2024 | 19 replies
I think the main thing he needs is someone who will counsel him and put the brakes on any foolish ideas.
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14 December 2024 | 2 replies
Partnering with a wholesaler sounds fine, but check the real estate licensing laws in your state before bringing a buyer for a commission.You might consider getting your real estate agent's license and legitimately earn what your skills, drive, and experience truly command. exactly wholesaling or bird dogging is not a life time or long time occupation RE sales can be lifetime and if your any good at it at about year 10 you should be getting all your sales from referrals and such.
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18 November 2024 | 3 replies
Congrats on the purchase!
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13 December 2024 | 4 replies
Even then you would still need to actually go get the license and maintain it.
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18 November 2024 | 10 replies
There is a meeting tomorrow Tuesday at 7:00 PM at Squadron Restaurant next to Miami Airport.
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14 December 2024 | 1 reply
I think LLCs are over rated unless you have to hold the property in one for financing like most DSCR lenders will require.