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18 March 2024 | 10 replies
For whatever reason, its not talked about enough.Also, checkout my post here of an actual example of where its cheaper to sell, then try to cash out refi: https://www.biggerpockets.com/forums/48/topics/1169308-equity-rich-need-advice?
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20 March 2024 | 19 replies
I find it rather impersonal, and basically trains new consumers to see agents as just doorpeople, and the advice/transaction is done through a national call center.
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18 March 2024 | 16 replies
Thank you Bob, that’s great advice!
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18 March 2024 | 7 replies
Here are some considerations:Pros of Using a Hard Money Lender:Speed: Compared to standard lenders, hard money lenders can provide quicker approval and financing processes, which lets you take advantage of time-sensitive possibilities.Flexibility: It may be simpler to obtain financing if HMLs are more accommodating when it comes to credit history and property condition standards.Access to Funds: You may take advantage of more investment opportunities by having quicker access to the equity in your property.Experience: For first-time investors in particular, certain hard money lenders offer invaluable experience and advice that can be helpful in navigating the fix and flip process.Cons of Using a Hard Money Lender:Greater Costs: Hard money loans might have interest rates and other costs that are greater than those associated with standard financing sources, which raises the project's total cost.Term Length: HMLs normally provide loan durations that are shorter, usually lasting between six months and a few years.
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17 March 2024 | 17 replies
Your advice will be invaluable in helping me navigate these decisions.Thank you in advance for your support.
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19 March 2024 | 25 replies
I recognize this to be a vintage thread but I searched the site all over looking for advice on wage garnishment against former tenants on SSID , which lead me here.
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18 March 2024 | 9 replies
I like the advice Nicholas gave about looking into a live in flip.
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17 March 2024 | 15 replies
Thank you for your advice!