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26 September 2018 | 14 replies
I would recommend researching "Capital Stack" - this may help you understand the borrower position vs. the lender position when it comes to equity and lien positions in real estate.
26 September 2018 | 6 replies
The second action, I would suggest (maybe more important than Open Houses) is to do some due diligence and pick a Neighborhood and work to become the "Neighborhood Specialist".
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1 January 2019 | 21 replies
@Stephen Herbert Way to stay positive.
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27 September 2018 | 9 replies
You may also be thinking of using the money that actually belongs to someone else and buy even more properties with the money while you put yourself in a position to be carrying more than one mortgage yourself.
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26 September 2018 | 9 replies
Then finding someone willing to lend 100% of your rehab and holding costs in second position - just not very likely and if they are willing, then you should not take the loan as you are playing with inexperience which is dangerous for both sides.That said, there are ways to fund 100% but it takes creativity, one heck of a good deal spread, and a borrower with, at minimum, some education in the arena along with some skill sets and serious savvy.
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25 September 2018 | 2 replies
Any private lender you find will want first position lien against the asset.
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18 October 2018 | 8 replies
But that's par for the course. 90% of the people on this website never take action, apparently.
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26 September 2018 | 1 reply
Which makes it hard to have positive cash flow.I do not invest in that area so I am not familiar with the market rental rates.
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27 September 2018 | 11 replies
If the data looks positive for a market, big or small, your next step is exploring the city and meeting contacts that you may use in that city.
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26 September 2018 | 4 replies
If I'm not in a position to BRRRR now, would other investors be interested if I wholesale this as long as the numbers work?