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7 June 2024 | 15 replies
A credible lender will be happy to provide them.Experience: Check how long the lender has been in business and their experience with similar projects.Red Flags:Upfront Fees: Be cautious of lenders asking for substantial upfront fees before any services are rendered.Lack of Transparency: If a lender is not transparent about terms, fees, or the loan process, it’s a red flag.Unrealistic Promises: Beware of lenders promising guaranteed approvals without a proper assessment or offering terms that seem too good to be true.Poor Communication: Difficulty in reaching the lender or getting clear answers can indicate potential issues down the line.By conducting thorough research and due diligence, you can confidently choose a reputable hard money lender that meets your needs.
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9 June 2024 | 35 replies
Fighting against it has been difficult but I've got a wholesaling business started, some long-term investments working well and a beautiful wife now.
7 June 2024 | 6 replies
*We also own other long term and short term rentals in the area.
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7 June 2024 | 1 reply
Durability in harsh environments, long-term value, and integration into existing neighborhoods are all factors to consider.I'm curious to hear your thoughts!
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7 June 2024 | 17 replies
Renting it out to build long-term wealth?
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7 June 2024 | 9 replies
Hi Cameron,You usually get a short-term (12-24 month) loan and pay off the loan using the proceeds from the sale.
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7 June 2024 | 1 reply
The lease was recorded with the county but has no terms in it stating that lease transfers with a property sale.
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8 June 2024 | 21 replies
I'm just trying to point out that "cash flow" is actually pretty elusive right now on a vanilla long term rental, in ANY market, without some kind of niche or creative strategy.Run the numbers.
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7 June 2024 | 69 replies
This one will be focused entirely on Short term rentals.
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7 June 2024 | 11 replies
You can find other locations in Texas that will have better initial cash flow but I suspect will not do as well in the long term.