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10 November 2019 | 9 replies
I have been consuming every bit of information I can from both BP podcasts, forums and multiple books.I am an Army Veteran so I'm not afraid of hard work!
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1 February 2020 | 27 replies
Fortunately, all we needed was a copy of the PSA, a statement from the broker saying that the deal was publicly marketed with multiple offers, and a couple appraisal blurbs and... boom... you've got a certified, undeniable market value to tie to.
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6 September 2018 | 10 replies
Not only that but if you were to have another thing go wrong that you needed to claim and now you have multiple claims in one year you be be non-renewed.
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28 August 2018 | 12 replies
@Jason DiClemente is a 700+ credit score required for hard money lending or just the 10% and 3-6 months “skin in the game”?
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28 August 2018 | 1 reply
I currently live overseas, have multiple single family homes / condos (In Kennesaw, GA) I would like to have managed at a reasonable price.
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1 September 2018 | 13 replies
Real estate agents, property managers, attorneys, etc don't have the skin in the game like an owner does.
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28 August 2018 | 0 replies
I've flipped multiple SFHs, but this would be my first commercial deal.I've talked to several lenders, but they all have one or more issues, such as needing 25% down when I can only do 20%, proximity of property is too far from a major city (I'm in WV and no city in the entire state has more than 50,000 residents), I don't have any commercial experience or track record, etc.Therefore, I'm now contemplating asking the seller to consider leasing me control of the property for 2 years with an option to purchase within that time frame.This would provide me with the following benefits:allow me to negotiate the upcoming lease renewal of a major tenant,give me time to come up with a larger down payment,give me time to establish experience managing commercial property,give my new LLC time to establish a track record and income,give me time to find a lender willing to work with me.I will also need to pay the current listing broker their fee, and I would need to pay a deposit and monthly lease payment to the current owner.My questions are:Does anyone have experience with such an arrangement?
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28 August 2018 | 2 replies
There are also multiple books that you can read.
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29 August 2018 | 5 replies
I can see this adding up quickly once I find myself digging deeper into multiple properties.
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30 August 2018 | 2 replies
Please keep in mind that we will have a 45-day window to select at least one property with a value of at least $265k.1) BRRR (to continue equity growth)-This seems like a great strategy, but I’m concerned with interest rates continuing to rise 2) Invest it all in one property 3) Find multiple properties 4) Other- please explain Return-There seems to be a lot of different ideas out there when it comes to returns.