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13 September 2021 | 58 replies
The trades are a great tool to potentially create a robust business, but it will not get you into the top 10% of household earners which is about $160K nationally or $180k in my state of Michigan or $270K in NJ (your state).AI and Productivity tools have been disrupting the labor market sign Eli Whitney created the cotton gin.
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14 June 2019 | 1 reply
I'm trying to find private REI clubs that pool capital together for better purchasing power/due diligence efforts/etc. to invest passively in RE syndications (multi-family, development, mobile home, self-storage, etc....
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6 June 2019 | 7 replies
One needs to talk to mortgage broker. or the big national banks..
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7 June 2019 | 10 replies
@Valerie Wright He's out of town for the next week but reach out to Aaron Chapman at Security National Mortgage.
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8 June 2019 | 29 replies
I review about 1,000 properties a week for clients nationally with retail and the good stuff doesn't last a week.No reason for owner to owner finance as tons of buyers buying these properties right now with regular financing.Lenders typically look for net worth equal to the loan balance as a minimum after the down payment and 10% liquid.So 4,000,000 property 25 to 35% down.Say best case 1,000,000 down.
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2 March 2020 | 5 replies
As far as income goes- you're going to work with a national operator instead of self operating the garage.
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7 June 2019 | 2 replies
Many unscrupulous middleman/realtors will promise the world to foreigners who don't know much about the US. 2nd of all, all US based income are taxed (no matter nationality of owner), thus as long as there is income, these investors must file state and federal tax returns every year.
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27 March 2022 | 14 replies
For those finding this thread - I've started helping organize the Multifamily Investor Nation meetup (mentioned by @Henri Meli above).
7 June 2019 | 5 replies
In particular, the growth being primarily in non-professional employers (which may be good for rentals). https://boisedev.com/news/2019/05/21/boise-brookings-growth-change/Boise ranks high for parks: https://www.idahostatesman.com/news/local/community/boise/article230596579.htmlMeridian is the nation’s 5th fastest growing city.