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20 September 2024 | 9 replies
Hello everyone, I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?
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20 September 2024 | 12 replies
"Prepare for Auction" the terms of the payment and how to pay should be listed there.
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21 September 2024 | 16 replies
I would say it is not the easiest thing to do and requires the borrower to have a deal with enough spread to allow for such high leverage and the borrower should be prepared to offer much more than 3-4%.
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18 September 2024 | 3 replies
Oftentimes, a direct line to the owner is the biggest challenge.I'd be prepared to make an offer on the spot BUT I'd also be prepared to take things 1 step at a time.
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18 September 2024 | 13 replies
I would like to know from other experienced investors some suggested books that highlights mindset, preparation for recession, finance and all things real estate.
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20 September 2024 | 10 replies
Welcome to the space and be prepared to be bombarded by people wanting to recruit you.
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19 September 2024 | 1 reply
RE Professionals should prepare for an active Q4 and investors looking to close deals before year's end are recommended to get their financing and property search profiles clarified, and then...step on the gas.
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18 September 2024 | 6 replies
There's also the issue about having an accounting system in place for the LLC and using the accounting system when you prepare your taxes.
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18 September 2024 | 6 replies
I'm walking with a contractor today to get a rehab ballpark estimate before making a formal offer, but want to be prepared for the next step should my offer be accepted.
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17 September 2024 | 4 replies
I’ve done rehabs on the mainland, and this would be my first in Hawaii so I want to be as prepared as possible and ensure my analysis accounts for everything (or as close to!).