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19 January 2025 | 8 replies
Could be different if you are working with a bank that do not sell the loans they make
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11 January 2025 | 8 replies
Most banks don't really know how to do that because they cater to SFH owner-occupants.
11 January 2025 | 12 replies
I think the LLC also makes it easier to open a local bank account, which is convenient to pay utilities or other local bills or your property manager, etc.
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12 February 2025 | 27 replies
Not sexy as Lexington but bank account is the ultimate measure of success
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12 February 2025 | 20 replies
That first deal after a break can feel like a big leap, but it sounds like a great opportunity.On financing, seller financing, private lenders, or portfolio loans from local banks could be worth exploring if you want alternatives to hard money.Excited to see how this deal goes for you.
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14 January 2025 | 15 replies
If you ever see someone offering terms that are too good to be true, you might as well just post your SS# and banking information on IG.
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16 January 2025 | 1 reply
.🎯 Your 6-Month Timeline:Month 1: Foundation (5-7 hours/week)Morning routine: 1 hour daily market researchEvening routine: Deal analysis practiceWeekend: BP forums & networkingKey Goal: Analyze 10 deals on paperMonth 2: Education (8-10 hours/week)Complete 1 RE courseJoin 2 local REI groupsSchedule lunch breaks with agentsKey Goal: Build your initial power team listMonth 3: Systems (10-12 hours/week)Set up deal tracking systemCreate document templatesEstablish banking relationshipsKey Goal: Ready to make offersMonth 4: Lead Generation (12-15 hours/week)Drive neighborhoods after workWeekend open housesSetup automated MLS alertsKey Goal: Generate first 5 qualified leadsNow, the Owners and Brokers you deal with may not enjoy this, but you can certainly "practice" making offers.
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16 January 2025 | 17 replies
Get the bank financed property first, while you have the DTI.
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14 January 2025 | 1 reply
If so, I'd consider those options first as they fit in the infinite banking concept.
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16 January 2025 | 6 replies
If you are going to make more having it in the bank where you have to do nothing, then why not do that?