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Results (10,000+)
Sean McLaughlin Sam Primm Faster Freedom Program
24 March 2024 | 15 replies
The mentors are all very nice and try to be helpful, but if you have to put the course on a credit card then save the money and invest it
Kim LeJeune Tax Advice for a "Lease Option".
23 March 2024 | 8 replies
In the paperwork, I show that the lessee receives a small credit towards the purchase price. 
Casey S. Nesting an LLC after closing & legality
23 March 2024 | 1 reply
*However, when I made it clear to mortgage brokers that I did not want the DSCR lender nor the servicer to report to the credit burueas or impact my DTI, they said that they could accommodate that as long as the loan docs and the title are in the name of the LLC (borrower = LLC, not me personally).
Andrew Stouse For those who have already started their real estate journey, how did you start?
24 March 2024 | 11 replies
Sold those two buildings to the terrible partners then tried a third deal that went badly just due to dumb luck and quit REI for the next 20 years.
Jonathan C. Losing money on turnkey property. Should I sell?
24 March 2024 | 19 replies
Hey mate,Sorry to hear about your troubles but it's not too uncommon.I've been in the turnkey biz for 10+ years now and have often been called the "bad guy" as we only sell to investors looking to purchase with cash.Many believe that because we only accept cash buyers, that we inflate the properties price which definitely isn't accurate.Quite on the contrary when looking back I feel that we under sold them lolWe can justify every one of our property prices with a CMA independent of our in-house sales.Whoever believes that financing a turnkey property makes it safe is wrong.Most turnkey providers or affiliates push the financing model (Even in today's high interest environment) to make more sales.They have "in-house" lenders or community banks that they establish relationships with and promise large volumes in loans.This in return get's rewarded with various favors and many are easily able to manipulate appraisals.Having flipped over a thousand properties, I know how easily an appraisal can be manipulated so for anything reading, "NO", financing a turnkey property doesn't necessarily make you purchase it for fair market value.To answer your question:When S#%@ hit's the fan like it did for you with this deal, I personally would always look to cut my losses and move on smarter and more experienced.Granted, over the years I have witnessed many investors buy 1-2 properties from my company and expect miracles only to get disappointed. 
Nicholas Pisano Seeking Agent, GC & Lender in Hudson Valley. Rehab Duplex or SplitLevel for HouseHack
23 March 2024 | 1 reply
We have good steady W2 income and great credit scores.
Bradley Rosenberg one website that lists all the Mortgage Note Funds/Opportunities
23 March 2024 | 21 replies
When I invest, I mostly want to know about the failures and losses and what they did to mitigate them as any fool can make money in a Bull market but what you want is someone who loses less in a Bear or bad real estate market.
Louise L. Tricky Lending situation - help please
23 March 2024 | 10 replies
Typically some terms you might see are minimum 660 credit scores, up to 90% loan to cost (LTC) and 100% LTC on renovation up to $250k.
Val Casalderrey How to rent my main house with a rented attached unit
23 March 2024 | 6 replies
Maybe doing a flat fee for the smaller unit and then crediting the main house might make sense.
Mark Ainley Outsourcing CHA Inspections / Capacity Overflow
23 March 2024 | 5 replies
Some are easier inspections than others but some turn into larger projects (this can be prevented with better screening in leasing but we inherit bad tenants or poorly ran previous property manager problems often).