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11 March 2024 | 5 replies
Atleast with 30 units you benefit from economies of scale.Is there a way you can work a deal with one of your investors who does have the capital/track record and have them get financing?
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11 March 2024 | 40 replies
I have cross reference the mailing addresses with the county tax records on thousands of records and I would say they are 90% correct and the sale dates are within two weeks of the actual recorders office dates on title record.
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13 March 2024 | 2 replies
Are very confident it will be covered 3. the amount paid out will be worth it.
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11 March 2024 | 3 replies
As a result they’re forever attending seminars, workshops, classes provided by various real estate organizations; they’ve read every book ever written about real estate twice; they believe that they could be worth $1 billion now if only they had chosen real estate as their college major instead of medieval literature; but soon as they study for their real estate license in all 50 states they’ll be ready to begin.The Guru Junkie – I met this person while I was the designated provider of financing for a guru – back about 30 years ago.
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12 March 2024 | 4 replies
However, I read a recent thread where a member said it was no longer worth it in CA.
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12 March 2024 | 11 replies
While getting a template (likely from another state) may make you feel good, when the time comes for you to enforce the agreement and it does not hold weight will not be worth the savings.
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12 March 2024 | 1 reply
Trying to figure out if this is worth an investment.
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15 March 2024 | 167 replies
If you had $500k in cash, I would definitely be looking to leverage that to get something more like $1.5m to $2m worth of real estate.$50k a door can be a really good deal if the property truly is in a good area and it is fully rented at market rents.
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11 March 2024 | 6 replies
is it worth offering discounts on rent and asking the tenant to fix minor issues themselves rather than calling the landlord, this to avoid property management company expenses?
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13 March 2024 | 8 replies
In most cases, this is enough information to figure out if you have a deal that is going to benefit the client and make sense for them (this is assuming you can get an estimated value of the home you'll be refinancing through other means, otherwise, you might also ask them for their estimate as to what their home is worth).If you're past this point of figuring out whether it's a deal that makes sense for them and you haven't run automated underwriting to determine what documentation is being asked for, here's a pretty standard list:- 2023/2022 W2s (any/all jobs worked during these years, regardless of how long they were on the job)- Most recent mortgage statement for the loan(s) you'll be paying off- Copy of their homeowner's insurance binder or contact information for their homeowner's insurance agent so that you can request this on their behalf- Most recent pay stubs covering 30 days (typically this is the last two pay stubs)- If the property is in a homeowner's association, you'll want a recent HOA statement showing how much the borrower pays for their HOA dues- Copy of the borrower's driver's license or ID card - front and back- If your deal requires an appraisal, you may want to get payment information from the client now.