David Slack
1427 Stone Bridge Crossing
25 February 2024 | 0 replies
Cash invested: $10,000 Sale price: $239,000 This condo was built as a new construction unit.
Roman A Elizarov
A Humble Beginning in Real Estate Investment = a Modest Townhouse in Hammond, IN
25 February 2024 | 0 replies
The sale price of the house was $80,000.
Mike Schorah
Is there a Non-Woke AI Technology for Lead Generation?
25 February 2024 | 3 replies
Give me a report of Home sales in [state] for the past monthWhat Zip Code has the highest crime rate in [city, state]?
Tyler Robbert
Questions for MLOs
23 February 2024 | 4 replies
I hire a college graduate in mathematics, who has a sense of humor, can pass rigorous background check, has perfect credit, and has desire to learn sales. 2. no mortgage company gives free leads3. mortgage loan officers do not get salaried, we are 100% commission.
Shahil Keshav
Additional payments on your rental property mortgage
24 February 2024 | 10 replies
With commercial DSCR loans that have prepayment penalties, (could be similar with other products as well) if you make a principal payment before the pre payment penalty expires, it will trigger the fee.
Rylan Zwanziger
Wealth Ability- formerly ProVision - Tom Wheelwright
28 February 2024 | 63 replies
If nothing else I take responsibility for that and will work to improve our communication systems between our franchisees, client success and sales team that's valid.As I have done before I'm a big fan of transparency and this forum, and will happily talk to anyone that has concerns about how we do business.
Holly Ross
Getting started with $50k / no debt?
27 February 2024 | 36 replies
Firm foundation with cash only owned properties.I don’t believe in the blogs, podcasts and sales cashflow “guru’s" that push financing.There are hidden agenda's there and they make more money if someone can purchase more properties..Money makes money.
KC Pake
⁉️ 📲Your Most Expensive Lesson in Real Estate Investing: Share & Learn 🏢
23 February 2024 | 3 replies
I will share my "Most Expensive Lesson" in the comments.To kick things off, here are ten examples of expensive lessons or mistakes in real estate investing:Underestimated Repairs: The classic pitfall where the cost of repairs and renovations far exceeds initial estimates, impacting the overall budget and profitability.Tax Liens: Failing to account for or being unaware of existing tax liens on a property can result in unexpected financial burdens.Contractor Liens: Not settling payments or disputes with contractors can lead to liens against your property, complicating sales or refinancing.HOA Fines: Overlooking or violating Homeowners Association (HOA) rules can lead to significant fines and headaches.Bad Loan Products: Opting for loan products without fully understanding their terms can lead to unfavorable financial conditions, such as higher interest rates or unfavorable repayment terms.Ignoring Zoning Laws: Investing in a property without a clear understanding of local zoning laws may restrict its use, affecting your investment strategy.Overpaying for a Property: Lack of research or getting caught in a bidding war can result in paying much more than the property's worth.Neglecting Due Diligence: Skipping thorough inspections and background checks can uncover unpleasant surprises after the purchase is finalized.Poor Tenant Screening: Failing to properly screen tenants can lead to unpaid rent, property damage, and costly evictions.Underestimating Market Risk: Not considering market fluctuations can lead to investments that don't pay off as expected, especially in volatile or declining markets.We've all been there in one way or another, facing setbacks that seemed daunting at the time.
Chris Schoonhoven
Insight in the Columbus market
26 February 2024 | 30 replies
In 5 minutes of research we identified that he would have set the record sale price for a multiunit for that area in the last 3 years.
Michael Primavera
Seeking Guidance/Information on Section 8 Rentals
26 February 2024 | 20 replies
I've heard stories of "gurus" promoting courses on how to renovate and lease homes to housing choice voucher recipients and part of their sales pitch is higher loan leverage than market signed leases.