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9 June 2024 | 2 replies
The interest rate that I was utilizing was a little low, from what he told me, in my area I can expect to pay about 10-15% interest based on several factors (How much or little experience I have, credit score, the deal itself, etc.) and I will definitely be paying points, how much will vary by HM lender (usually between 1 to 3 points).
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10 June 2024 | 8 replies
Make your own signs if you are determined to do this.I'm not a fan of open houses for a lot of reasons, so understand their reluctance to do it, but lots of agents want to do it, so normally in our office the experienced agents don't do them, but there are lots of new agents who have been told this is a good way to build their business.
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9 June 2024 | 1 reply
My plan is to essentially by up the scrap lots left in newer subdivision neighborhoods by big developers, build sub 2,000 sqf single family homes, and market them between 200,000$ and 300,000$.
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8 June 2024 | 21 replies
Trying to build out that dream team of contractors and subs as well.A mentor would also be super helpful, but like I said, still building out that network.As far as my personal situation, I have a good credit score, a decent amount of savings (200k cash) and a little more than that in investment accounts along with some equity in my current home, a mortgage, and car payments.Any advice would be greatly appreciated.
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9 June 2024 | 35 replies
I needed all of them RE license to sell RE Mortgage to do private loans in the states that require it.. and contractors to build the homes I am building and then on top of that I have a developers license in Oregon ( no test required just a money grab And when I was figuring out what I wanted to do I got my pilots license around 20 too.. as I really wanted to be an airline pilot.. but alas in those days it was very hard to get hired not like today.
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9 June 2024 | 9 replies
That way, you can lean on their experience to help you build your own track record and investor base.This is exactly what I did when I got started in multifamily syndication.
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10 June 2024 | 18 replies
I believe that building strong relationships within the real estate investing community is key to long-term success.Thank you for taking the time to read my introduction.
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10 June 2024 | 1 reply
Common problems are sewage backups, mold, infestations of rats, and other pests, faulty wiring, roof leaks and it violates the city’s building, health and fire code poses health and safety risk.
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6 June 2024 | 2 replies
I've identified a small mixed use building I'd like to purchase.