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27 September 2024 | 14 replies
I'm happy to connect by phone in the meantime if you like, and to help you start connecting to some local money options.
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26 September 2024 | 3 replies
Yea it seemed like this was an owner occupied loan.
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25 September 2024 | 0 replies
I have some experience buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?
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25 September 2024 | 17 replies
Are there any comparable and reputable companies like this I can reach out too?
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26 September 2024 | 6 replies
Giving up a guaranteed increase in value with them using their own capital to increase the square footage would seem like a no brainer, but how much are you losing if you remove the drive thru and can't put it back.I would talk to commercial brokers and other owners in your area to see the value of a drive thru.
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26 September 2024 | 4 replies
I think there are some sites that let you post land to camp on (i.e. tents).I'm not sure what the weather is like there as the only thing I know about new mexico is what I saw from breaking bad. :-) But you might want to even consider putting up a yurt (glorified commercial tents that are relatively cheap) and furnishing it and then renting the place out on airbnb.Is there good fishing on that river?
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25 September 2024 | 22 replies
Cash flow at $250k/yr is just beginning to pass appreciation as the builder of wealth.Treat your real estate like your 401k.
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25 September 2024 | 37 replies
What is the DSCR Requirement - Look for a 1 to 1 ratio, anything higher like 1.2x might force you to put more money down.
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26 September 2024 | 8 replies
Additionally, you can network with other real estate professionals and investors—if they own STRs, they can likely refer you to their CPA.If you prefer not to attend in-person meetups, consider joining local real estate groups online to connect with both tax professionals and investors.
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25 September 2024 | 14 replies
Since they have been good residents, they can stay as long as they like, but we are not accepting applications for new section 8 residents.