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21 September 2021 | 10 replies
You have to find a regular cleaner and handyman to do turnovers.
21 September 2021 | 3 replies
If you go to Network - Search - events you can see if anyone is hosting an event near you.here - https://www.biggerpockets.com/...people also post them on meetup
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18 September 2021 | 2 replies
I still have a regular job so don’t really want to be holding hands every step of the way.
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20 September 2021 | 18 replies
Its very inspirational to hear about regular people, and their story of starting out like us, just like this, and making big moves in the industry.
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20 September 2021 | 13 replies
Join local real estate investor networking groups and attend regularly.
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20 September 2021 | 5 replies
At the end of the day, this is a business and to truly be successful, you have to treat it as such.In addition, @Sabrina Sanchez and I host a real estate meet up in the Worcester area.
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22 September 2021 | 9 replies
I purchased 3 office/retail buildings in the past 2 years that were vacant or nearly vacant and turned them around with such good success, I may never buy a single family home again.I finance the acquisition + rehab with my private lenders (I offer 10% interest) then refinance with my commercial lender which is a small bank.I was recently a guest on a commercial real estate podcast and after hearing about my experience, the host said I need to get away from private money at 10% because I should be able to find a small bank to finance the acquisition even if vacant closer to 4%.The 2 commercial bank lenders I often use did not seem interested until the building had some stability so I figured vacant buildings could not get bank financing off the rip.The host of this podcast said he does it often I just need to find the right bank.I plan to make a lot of phone calls this week to commercial lenders but are other investors getting bank financing in these situations?
20 September 2021 | 2 replies
For example, your second floor (and I don't think you mentioned if there is private outdoor space) is a plus that regular apartments or apt buildings won't have.
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20 September 2021 | 2 replies
Don’t talk with your regular lawyer.
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12 October 2021 | 9 replies
I would need to look at the principal amounts of those payments to reduce the $60k, I get that.So say, I pay $60k, borrower makes some regular payments (p/i) for 2yr (arbitrary number) then decided along the way to just pay off the note.Borrower gets savvy and makes additional principal only payments.