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25 November 2024 | 10 replies
Hi Christopher, Personally i have had great experience, have had great tenants and aim to have S8 in my properties. have a handful of people continuously reaching out looking for homes - so at the moment i am just seeking more deals. if you have any more questions feel free to reach out to me at 786-925-2355
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2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.
27 November 2024 | 7 replies
Hey everyone,
I’m almost 30 years old and paralyzed from the neck down, living in New Hampshire. I rely on personal care assistants (PCAs) for daily help, which are fortunately covered by government benefits. However...
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30 November 2024 | 2 replies
.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.
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6 December 2024 | 21 replies
A prudent investor doesn't seek quick riches through shortcuts.
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3 December 2024 | 3 replies
Hello and good morning bigger pockets fam, I am seeking guidance and thoughts into starting out in real estate.
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7 December 2024 | 150 replies
A mortgage broker is one who is in the business of dealing in mortgages or notes, it is their primary source of income, they advertise and seek out note purchases and sales, there is a thin line between being a broker or in the mortgage business and being a personal investor.
30 November 2024 | 4 replies
A prudent investor doesn't seek quick riches through shortcuts.
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26 November 2024 | 6 replies
To address these issues, the Florida state legislature proposed a bill during the 2024 legislative session to provide relief and clearer guidelines for property owners.
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29 November 2024 | 5 replies
Readers should seek professional advice.