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30 July 2024 | 4 replies
I have partner 50/50 with new flippers, but they put half the money into acquiring the house and repairs, and I pay the other half but I use my crew to do the flip. the other person needs to have skin in the property otherwise, I just pay them a wholesaling fee.I recommend starting by using a hard money lender, as they will take risks when someone is new, and they won't lend you the money unless they feel confident the deal is good. so you are confident you can be successful.you may pay some hight interest rates, and points, but at least you know you may make money at the end
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31 July 2024 | 19 replies
. $1 million legit properties would all start appraising at $800k, and now if appraiser is forced to purchase it at 90% they pay $720k for a $1 million property.I think that's interesting that your appraisers don't know the value.
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30 July 2024 | 4 replies
He realized many years after he started his journey that his brother was the integrator he had been searching for.
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29 July 2024 | 2 replies
@Haiden WelchThis post is not going to be what you want to hear but in order to do a syndication properly you need to have experience and moneyIf you don’t believe me check out what is going on in BP on a Norada, Ashcroft, AHP, ODC, Kawaka, and Google Applesway and Tides…To start it will cost you $10k to setup a syndication.
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30 July 2024 | 9 replies
Meaning not all leases start and end at the same time?
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30 July 2024 | 9 replies
The only contact information I had left was Terrance Burner's and when I reached out to him, it started a month's long conversation of me basically begging him to do what they said they would do.
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31 July 2024 | 13 replies
I always like to stay under around 60-65% rule, as some unforeseen expense always seems to pop up once you start tearing down walls.
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29 July 2024 | 10 replies
I'm thinking about buying a laundry mat, but have no idea where to start.
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29 July 2024 | 5 replies
(Sorry.)This will get a bit confusing at first:You should find some answers in this government guide, starting on page 15: https://www.dca.ga.gov/sites/default/files/2-15-21_handbook_final_draft.pdfThere is example language of what your written notice to the tenant should include.
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29 July 2024 | 7 replies
Trying to keep it as long term rental, I'm getting 5/1 arm starting at 7.4, also 75% interest only 6.8%.. what would be the best deal to get out of the HM?