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19 August 2024 | 4 replies
Hi Ambrea,To get into fix and flips, I started by focusing on a few key steps that helped me find success:Educate Yourself: Learn the market, analyze property values, and understand rehab costs.Build a Network: Connect with real estate agents, contractors, and lenders.Secure Financing: Consider hard money or private loans for quick capital.Find the Right Property: Look for undervalued homes in growing areas.Create a Detailed Plan: Budget carefully and have a clear timeline for renovations.What worked best for me was staying disciplined with my numbers and always having a solid team in place.
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19 August 2024 | 3 replies
Open a personal account, use their banking services & if you can demonstrate a track record of executing on the real estate loans they fund for you, these relationships can really accelerate your growth.
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18 August 2024 | 18 replies
I first got started with real estate by buying a 3-flat on a whim 5 years ago and now I am back for more.Happy to meet everyone!
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19 August 2024 | 2 replies
Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?
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14 August 2024 | 14 replies
Just my $0.02....I would trust Dan's advice more than mine :-)
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14 August 2024 | 134 replies
But today’s market is one where real assessments can be made.
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19 August 2024 | 0 replies
Supply & DemandUnlike financial markets, real estate prices and rents are driven by supply and demand.
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19 August 2024 | 10 replies
They offer all of these bells and whistles to sell you a grossly marked up home that they set the sale price and then knock off (Ghost funds) fake credits.Then if they leave that area and do not build any more high priced homes guess what happens real fast.
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19 August 2024 | 3 replies
In addition to what others have already shared, I'd suggest meeting with a local real estate attorney.
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19 August 2024 | 1 reply
Lastly, this loan would need to be heavily dependent on the actual property instead of my tax returns as I just quit my job a few months back to go full-time into Real Estate.