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14 July 2024 | 11 replies
This will give you insight into their financial health and stability.Look for any red flags, such as high debt levels or irregular financial practices.Understand Their Underwriting Process:Inquire about their underwriting criteria and process.
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15 July 2024 | 50 replies
Testimonials are a huge red flag to me as they are difficult to verify and could be paid actors etc.
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13 July 2024 | 22 replies
It felt like Tyler was in his ivory tower in Hawaii and too busy to waste his time with students after he gets us signed up.
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13 July 2024 | 2 replies
Requiring a wire is another red flag. #1 seems relatively normal
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14 July 2024 | 16 replies
We didn't expect the fact that insurance should cover short term rentals but raises a red flag for lending during the 30-60 day period after closing where they make sure you're not using the home as a rental.
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11 July 2024 | 7 replies
A wholesaler contacted me about this house they have under contract for $205,000 that they want to close on within a week for $220,000. The house is in my hometown, I'm very familiar with the area. The house is easily...
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12 July 2024 | 3 replies
HUGE red flag.
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13 July 2024 | 24 replies
Just keep in mind zoning and code requirements. zoning is usually not a problem, but when a commercial is converted to residential current codes must be met which usually means two stair towers, fire separations, and sprinklers.PS: Loopnet is what I used to find my warehouse.
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12 July 2024 | 17 replies
Negotiating a security deposit amount is not a red flag for me, especially with over $10K in estimated moving expenses (professional movers) and move-in costs (1st month and security).
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12 July 2024 | 4 replies
Unfortunately, you ignored multiple red flags during the vetting process and now you're paying a price.