
3 June 2020 | 1 reply
Some of the terms I remember were: -Up to 75% LTV-Will lend to LLC-3-6 month seasoning period-Choice of recourse or non-recourse (slightly higher interest rate for non)-Asset based lending, and not conventional (loan depends on performance of the asset vs. your personal tax return)The market is currently in an interesting situation (especially in the Greater Atlanta Area where I invest) because although it is harder to find financing options for several of the properties that are now ready to refinance after being stabilized and cash-flowing, those same properties would be selling like hot-cakes on both the MLS and off-market investors.It has me wondering every day.. shall I wait and try to find the pre-COVID terms, or shall I sell for a profit?

4 June 2020 | 3 replies
However, I always try to cold call and email first and if I don't get a response (or even if they shut me down, they won't remember me) I'll move them into direct mail.

6 June 2020 | 3 replies
Remember, filling vacant spaces and selling POHs is all about market demand.
4 June 2020 | 2 replies
Remember that people invest in people, not things.

26 June 2020 | 22 replies
I remember working in NYC with a Wall St firm on Sept 11, 2001 (my company had > 2,000 employees in 1 of the WTC towers).

6 June 2020 | 7 replies
The great @J Scott (of BiggerPockets authorship and podcast fame) posted the following on his Facebook page yesterday (italics, all credit to him): I was young, but I remember back in mid-eighties before the 1987 market crash when the stock market was on fire -- but the economy was heading in the other direction, corporate valuations were through the roof and interest rates were rising.A couple years later, everyone was saying, "I'm not sure how it wasn't obvious to everyone that the market was broken and it all had to come crumbling down?"

5 June 2020 | 7 replies
Remember to add the income/expenses that didn’t go through the account.This system worked better for me than using Quickbooks Online and a book keeper.

4 June 2020 | 13 replies
I understand the feeling of liking tenants, or appreciating them, but this is a business transaction and it has served me well to remember that.

3 June 2020 | 3 replies
Remember AMAZON H2Q impact?

5 June 2020 | 10 replies
It's important to remember we are doing a balancing act with numerous Federal, State, County, and Municipal actions preventing evictions.