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29 January 2025 | 2 replies
My two partners are willing to pay their share, but they’ve also offered me the option to take over the property completely since the loan is in my name.Here’s my dilemma: If I keep the property and rent it out, I could get around $2,300 in rent, but my mortgage is $3,300 at a 7% interest rate.
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8 February 2025 | 21 replies
It is a small town, definitely a tertiary market right now, but that is where opportunity is going to be found.I think LTR, in the right location, can provide enough revenue annually to cover all holding and leverage costs while the resident pays down the principle and the demand in the city sustains slow and steady appreciation.
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23 January 2025 | 0 replies
I was wondering if it is worth paying for BP pro membership for the special discount with Home Depot (e.g. flooring, appliances, etc).
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3 February 2025 | 1 reply
The more deals you’re part of, the more you learn about:✅ Structuring deals✅ Managing risk✅ Negotiating with partners✅ Handling financingTaking part of a good deal helps you build real-world experience that will pay off big in the future when you do bigger and better deals.3.
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26 January 2025 | 2 replies
I would love to meet any real players in the area who would love to pay it forward and help someone green like myself.
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24 January 2025 | 13 replies
Never pay an upfront fee.You didn’t mention your state but understand that with little exception, an NMLS registration is only required for consumer-purpose loans.
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29 January 2025 | 24 replies
We couldn't close and had to have (and pay for) a re-inspection, even though the hurricane did not come anywhere close by.
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20 January 2025 | 0 replies
Separate issue is only 13% of CA homeowners pay for earthquake insurance because it's so expensive and the deductible can be really high.What are your re-building costs in your area?
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5 February 2025 | 6 replies
Now, you need to figure out how to find deals and pay for them.
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23 January 2025 | 7 replies
Typically this means they will take longer to close, may not have all the information for the companies they work with, and most hard money brokers get their money by taking an existing product and adding extra points to pay their fee.What is your investor success rate?