26 November 2024 | 2 replies
.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.
26 November 2024 | 11 replies
A person should never focus on minimal $ down, they should focus on the deal, a "deal" worth buying, operating, the strategy, because the $ is always out there looking for a place to land that's safe.
26 November 2024 | 8 replies
Is it one investor per deal, then they would act as a private lender and that typically includes a note, deed of trust, loan agreement, personal guarantee, assignment of rents and a few other docs.
26 November 2024 | 5 replies
Looking forward to connecting in person.
26 November 2024 | 9 replies
For the first part of your question even if you were working with a realtor, I don't personally know many that have a true pulse on rehab costs and I wouldn't make any investment decisions based on their rehab cost projections.My suggestion would be to study how to evaluate the Big 6 rehab costs: roof, siding, windows, HVAC, electrical, and plumbing.
26 November 2024 | 22 replies
I have met him and to my knowledge he is an upstanding person.
26 November 2024 | 4 replies
Mobile homes in a park are still taxed as personal property and the cost is anywhere from $50 to $200 per year.
26 November 2024 | 25 replies
Thank you You are obviously a sincere young person looking at improving your financial position.
26 November 2024 | 1 reply
I'm currently flipping and have found a person looking to sell two properties that are both within an opportunity zone in CT.
26 November 2024 | 12 replies
Keep in mind that you'll need to qualify full doc (DTI, employment history and income will all come into play) and the property typically needs to be titled to yur personal name, not an entity.