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16 July 2024 | 5 replies
There are some "no doc" loans out there that investors or other folks use, but the tradeoff is that the rate ends up being higher than conventional loans.
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18 July 2024 | 11 replies
What I would do is make sure you have a good long period to get a contractor in and you can pull out if gets to high.
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17 July 2024 | 5 replies
A $50K investment from a psychiatrist who has no idea what they are doing but wants the "freedom" "low risk" and "generational wealth" the GP promises comes with zero power over the syndicator in an incredible lopsided distribution of power not available from most other sources of capital. 2) Ability to Charge WAY more in fees: A naive accredited investor with little experience in private investments will fork over fees like: - 2.5% acquisition fee- High Management fees (2-5% of rents) - 2.5% disposition fee- 1-2.5% refinance fee- 20-30% carried interestThe fees that many of these social media influencers charge would get them laughed out of the room by any family office or private equity shop.
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15 July 2024 | 10 replies
My income from the life insurance sales has gone from $0 in April to $1900 so far in July and on track for $4000 by end of July.
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14 July 2024 | 2 replies
The combo of rising unemployment, reduced inflation and stalling consumer confidence is lowering yields on the longer end of the curve.
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16 July 2024 | 15 replies
If i get the house rented before the end of the month then I have no problem but it's not looking that way.
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16 July 2024 | 4 replies
The commercial units would need high credit tenants with very strong, long term leases for this to work.
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16 July 2024 | 12 replies
Michael, if you need a local OH investor focused agent - I do also highly recommend Jimmy.
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15 July 2024 | 19 replies
Interview a few PMs with high quality questions; get a feeling of where the rental market is going, how it's going and everything in between.
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16 July 2024 | 4 replies
On SFR maximum LTV can be as high as 90-95% CLTV and on 2-4 units usually 80-85%.