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1 April 2021 | 2 replies
I applied for a pre approval with a couple of companies from Zillow but was denied and when I asked the reason they never responded.
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29 May 2015 | 16 replies
Following are some helpful resources surrounding self-directed IRAs.http://www.irs.gov/Retirement-Plans/Retirement-Plans-FAQs-regarding-IRAs-Investmentshttp://www.irs.gov/Retirement-Plans/Reporting-for-Hard-to-Value-IRA-Investments-is-Optional-for-2014http://www.sec.gov/investor/alerts/sdira.pdfhttp://www.irs.gov/pub/irs-pdf/p590.pdfhttp://www.journalofaccountancy.com/Issues/2000/Apr/TheDosAndDonTsOfIraInvesting.htm
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21 April 2023 | 7 replies
I would definitely start with getting a pre-approval if you have not already.
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30 March 2023 | 8 replies
If someone is interested, we have them fill out a Pre-Screening Google From.
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20 September 2021 | 4 replies
I have a pre approval and everything planned out how I thought I wanted to do it until I found out about new construction duplexes in the area.
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11 November 2016 | 1 reply
Speed Simplicity SavingsGoals: Own 100 Units in property by 8/1/2020By Year Goal:2016:2-4 Units201710-20Units201830-45 Units201945-70units2020100-115 units2220++35 units a year from there on out Market changes will be neededThe Shell What: Target absentee owners with recent or current tenant evictions Why: Under attacked marketLarge growth potentialAllows scalability in different locationsProfit margins Where: Cities that have a large multi-family abundanceGrowing citiesNear Transportation preferablyCities with growing house prices How Direct MailAdvertisementsWord of mouthLawyers Who-Team Property ManagerAccountantLawyersReal Estate AgentsMortgage BrokersContractorHard money LendersPrivate Money lendersPortfolio BrokersWholesalersExpected Result Obtain lower cost housing with higher marginsCreating a team that can handle any and all problemsProfitBuying Points Houses at 70-75% or lower APR value12% cash on cash return10% appreciation on assetNo warzone propertiesLooking for C+ through B houses in C+ through B neighborhoods 2-4 unit homesPain targets Money Loss from tenant not paying rentStress of dealing with tenantsTime involvementDamage Costs (house)Vacancy costsMoney acquisitions Conventional Mortgage up to10 properties Seller financing (difficult because most people won’t be free and clear)Portfolio lender past 10 propertiesHard Money lender with BRRRR strategyPrivate Money Lender with BRRRR strategyHow this differentiates from the competitionThis process differentiates from many different Real estate strategies, because execution of this strategy requires information on current and previous evictions.
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28 April 2023 | 4 replies
Would the questions/comments that pop-up when the tenants answers the original questions be something that is generated from a pre-existing set of responses tied to the tenants answers or is this something that the landlord would need to respond to personally as the tenant is filling out the application?
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7 January 2021 | 3 replies
If your lender can't look over your application, contract, and bank statements and give you a pre-approval letter or a term sheet without an upfront fee, then they are likely trying to scam you or don't know what they are doing.I would also suggest you get to know your lender and determine if they're the type of person you can work with.
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23 November 2021 | 6 replies
If you can't tell, I like to ski and mountain bike.