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19 February 2023 | 3 replies
If not, we’ll need to have one ordered for you.Entity Documents (NEEDED FOR PREAPPROVAL):LLC/LLP i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Operating Agreement/Partnership Agreement (all pages & amendments) iii.Certificate of Foreign Qualification (if applicable)Corporation i.Copy of Articles of Formation/Incorporation ii.Copy of fully executed Corporate Resolution designating authorized signer(s) for the Corporation iii.Copy of fully executed Corporate Bylaws iv.Copy of stock certification v.Certificate of Foreign Qualification (if applicable)Identification (NEEDED FOR PREAPPROVAL): Copy Driver’s License or Passport for each Guarantor.Experience – Last 8 Settlement Statements (NEEDED FOR PREAPPROVAL): A big portion of how aggressive we can be with our terms is your experience.
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12 January 2019 | 24 replies
(even if its crappy advice like Greg H. posted ((i'm not mad at ya)) LOL!!
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14 September 2023 | 8 replies
@Bobby Paquette- This isn't a traditional BRRRR by any means, but I'll share anyways.Purchase price: $109kTenant-occupied at purchase paying $950 / monthFinanced with: securities-backed line of credit @ 2.49% interest-only fixed for 7 yearsMonthly interest payment: $250 / monthA year after purchase, a drunk driver drove into the property, causing $107k worth of damage.Luckily, no one was hurt and the insurance covered all damages.The existing tenant moved out.After the insurance-funded rehab, the property was worth $160k.New tenant moved in at $1225 / month.I haven't refinanced out of the line of credit financing because I'm hanging on to the 2.49% fixed rate.This was in Independence, MO.
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19 September 2023 | 4 replies
When I say ALL else being equal, that means:Purchase PriceScope of workFinish selectionDemand drivers of each neighborhoodContractor availability (busy contractors often quote more)
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6 August 2019 | 2 replies
So As I said in my description I am a professional over the road truck driver who is highly interested in becoming a Investor into real estate.
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18 July 2021 | 15 replies
We are perfectly fine holding our properties forever and cash flowing them to the grave, which is also unlike most investors.By the way, despite all the madness of COVID, eviction memorandums etc. we had our best year of rental income, in 2020!
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20 November 2023 | 0 replies
Homes that appeal to our target tenant segment range from $320,000 to $475,000, so the supply of housing we target remains almost the same regardless of how many new homes are built.DemandThe driver for housing demand is population growth.The average Las Vegas annual population growth is between 2% and 3%.
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15 November 2023 | 0 replies
Of note, shelter (housing) inflation remained high, clocking in at +6.7% YoY.Housing MarketConsumers, however, aren’t rejoicing yet.Neither are consumer-facing real estate companies…Nonetheless, one positive: if you are a potential buyer of real estate, you are in the driver’s seat.
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28 December 2018 | 54 replies
This agent makes me mad.
3 December 2019 | 20 replies
Where would 8-10 drivers park, as an example (if they all drive).U Plus 2 – What is it?