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7 April 2019 | 15 replies
Plus when they did receive your letters you are an unknown in the marketplace, so motivated sellers are unlikely to deal with you when they can deal with a more familiar presence in the market.What I would do if I were you is keep looking at the MLS and comparing prices.
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4 April 2019 | 2 replies
I feel that this will lead to a more educated investor, which will not only benefit them, but also has the benefit of speeding up the process of getting commitments when we do have an active deal for people to invest in.
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7 April 2019 | 2 replies
Want to Interact with people to get a more real feel than reading and listening to podcast .
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5 April 2019 | 8 replies
A more seasoned loan officer who understands the needs of investors would’ve picked this up earlier in the process.
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5 April 2019 | 6 replies
I suggest you try connecting with a lender even if you are not ready to purchase tomorrow, as they will be able to give you a more exact number on the amount of cash you will need for down-payment and closing costs.
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5 April 2019 | 10 replies
Although the screening criteria and security deposit changes will probably impact business in a more drastic fashion, I think this issue is what will cause the most "what-if/unease" from people-probably because it's the easiest to explain and also will cause the most headlines for local news.
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9 April 2019 | 10 replies
HI Cody, A good strategies to implement:- business lines of credit because utilization up to your credit limits on these assuming they dont also report to personal trans/equi/exp bureaus will not affect your personal fico scores- obtain personal lines of credit and credit cards with no cash advance fee's too despite them possibly affecting your ficos because these can be the last line of defense if you really need quick capital- on each BRRR you do, try to get lines of credit on the newly created equity post rehab so you in your wake of BRRR deals you have more and more equity access to your properties fund subsequent deals in the future- a more advanced strategy is to utilize commercial blank lines of credit as they are larger and more efficient and can tie up multiple trust deed attachements and properties into one CLOC to use as opposed to have many small LOC's on each property- keep your DTI debt to income ratios low, keep your DSCR or global DSCR high (total cashflow over your total personal and business liabilites at 1.25X+) so that you're always bankable- work on personal ficos and personal credit as well just so you have flexibility to obtain capital/financing on either business or personal sidesHope that helps but that will set you free above if maintain within a comprehensive investing strategyBest,
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5 April 2019 | 2 replies
Keep buying rentals with capital and financing & diversifying & building my portfolio while learning on the fly or step back and sharpen some corners in my brain so I go at it with a more fundamental and knowledgeable approach??
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5 April 2019 | 3 replies
Keep buying rentals with capital and financing & diversifying & building my portfolio while learning on the fly or step back and sharpen some corners in my brain so I go at it with a more fundamental and knowledgeable approach??
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15 April 2019 | 4 replies
Is it worth spending the extra cash on a more expensive window?