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13 May 2024 | 2 replies
If no to all, do something else.Jamil Damji has a good book on wholesaling to start with, but the thing to remember is you need marketing money and connections.
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13 May 2024 | 16 replies
There is a buyout in the event you expect to turn it quickly.Example: 100k purchase, 50k rehab budget. 10+ experience; 680+ credit score.90k purchase funded; 50k rehab funded.Let's assume 4 draws.Draw 1 - $10,000 (Paid at closing - that means 90k credit at close PLUS 10k credit at close from rehab budget).Draw 2 - $17,500 (Paid when draw 1 is complete).Draw 3 - $17,500 (Paid when draw 2 is complete).Draw 4 - $5,000 (last draw is reimbursed when last draw is complete).Connect with me via email and I can give you some references.
12 May 2024 | 2 replies
Several things to contribute here: 1) Private Lenders with no credit experience emerge doing down payment and 100%/High LTV financing at the end of every cycle, 2) they're among the first to loose their shirts in every downturn, 3) although someone termed this type of lending "gator", it's not new, 4) the guy that coined it didn't get into real estate untill well after the last crash, 5) he has no real credit background or experience (he's never been a lender), 6) Google the guy's name and "looses professional license in AZ" to see what pops up, and finally 7) he's really effective at telling people what they want to hear, filling their heads full of hopes and dreams, getting them to buy his training, and his minios generally won't want to hear what a real, seasoned lending vet will try to tell them.
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12 May 2024 | 9 replies
As a landlord you may receive rent from the government but you still must manage their ward/your tenant by your standards.If you screen and allow tenants with below average credit scores there is no doubt you will be effected by this tenant.
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14 May 2024 | 16 replies
Happy to connect and see what you could qualify for!
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14 May 2024 | 17 replies
I sent you a dm to connect if you have further questions!
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13 May 2024 | 5 replies
If you can connect me with someone who can lend me the money.
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12 May 2024 | 33 replies
Many investors are building as they can do that more cost effectively than buying under the current market conditions.