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23 August 2017 | 0 replies
I close on two houses in East Point in Sept. They need moderate work and I'm looking for some verified subs or a gc. Any good referrals or ideas where to find people. I want to start work immediately after closing. ...
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23 August 2017 | 4 replies
There are other groups too and I hope those organizers chime in on this thread and invite you (I'm not familiar with them since I do not attend those meetings).My suggestion is to get out and meet some people and see about mentoring with someone who has been doing it for a while in this market.
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23 August 2017 | 5 replies
Thanks for any suggestions.
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27 August 2017 | 9 replies
I'll look into the suburb areas you mentioned as well as David Gonzalez's suggestion above.
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23 August 2017 | 3 replies
Does anyone have any suggestions?
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23 August 2017 | 3 replies
So now I'm calling all the QuickenLoans and Loan Depot's of country and no one will touch it because: A) Its not my primary residence B) I haven't owned it for a year C) The private lender isn't reporting the monthly payments to a credit bureau so I don't have a verifiable proof of payment D) Been doing AirBnB, so no lease (if I wanted to get 2nd home or rental property financing)Solutions I'm aware of: 1) Most loan officers have suggested I call a local credit union, which I have done> The credit unions are concerned because it's not my primary and I don't have lease in place with proof of payments via bank statements.
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30 August 2017 | 11 replies
Same concept- small retail is tough in neighborhoods.
24 August 2017 | 18 replies
@Michaelmy apologies some times it takes me a little bit to answereasiest way to explain formula for youArv is After Repair Value meaning after full renovation or repairs this is what the house will sell for 30-60 days max based on comparable sales (aka comps)I prefer lower 60% of the ARV, because I prefer to flip to a retailer, by wholesaling, and earning a small fee for finding the deal and securing the property via purchase agreement option or a few other various formsmost of my ppl buy at 65% or 70% so due to my preferred method of wholesaling, I must buy at prices below these "strike prices" or buy prices...just so you know I am a contractor, so my repair costs are known when I look at property.
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17 September 2017 | 2 replies
But ....banks aren't typically landlords...Trusts are used for structuring (I suggest removing trust from the mailings and send to the owner/family)Property Management is too broad and will most likely end up in the trash.