Greg Neuman
3 month cash-out DSCR in WI
20 August 2024 | 10 replies
The LLC is owned by my revocable family trust that my wife and I are the only trustees of (have a certificate of trust that can be provided).* My insurance carrier does not accept escrow payments, so I would need a solution that wouldn't require escrow or something creative with the escrow.Property Details:Duplex located in Wisconsin (city of approximately 9,000 people)Purchase date: 05/10/2024Purchase Price: $85,000Rehab: $31,000ARV: $140,000 (still need to have appraisal completed - this is based off of my comps)Projected rent: $1,450 / month (just listed so no leases yet.
Javaughn Harkness
$5000 to start with where should I invest
21 August 2024 | 9 replies
@Javaughn Harkness I don't know what you do for a living but you can learn a lot by swinging hammers.
Noah Margate
Seeking Advice on Expanding My Real Estate Portfolio
16 August 2024 | 19 replies
Also, what do you mean by getting seller financing to preserve my cash?
Raymond Pritchett
Looking to connect
20 August 2024 | 7 replies
I have equally found that there is something magical about IN-PERSON MEETUPS...when I left my traditional W2 for a PropTech startup I led our grass-roots business development by going to every possible Chicago Meetup for about 2 YEARS STRAIGHT!
Steven Westlake
Event hall as a rental ????
20 August 2024 | 64 replies
More information- a place near by rents out to weddings for $1400 for one day, it’s about double the size and nicer.
Michael Tootelian
Has anyone used propertyleads.com?
18 August 2024 | 3 replies
Then, they say they offer refunds... in the form of a credit.
Bruce Holmer
Does anyone have experience with Delos Insurance?
20 August 2024 | 0 replies
The best that my agent could find is from "Delos Insurance Solutions Backed by Homesite."
Ruben VanDusen
What's The Point
21 August 2024 | 73 replies
Most likely when seasoned professionals started out, they were guided and mentored by people who were levels ahead of them.
Don Konipol
The 5 Levels of Financial Fraud
20 August 2024 | 2 replies
In my experience these are the levels of how financial fraud is doneLevel 1 - The “sponsor” is a fraudster from the beginning and the entire investment is a designed fraud designed to steal the investor's money Level 2 - The sponsor initially intends to operate legally and honestly but the temptation of easy access to money, usually fueled by addictions to drugs, sex, partying, etc. leads to the bad decision to line the sponsors own pocketsLevel 3 - The sponsor intends to operate legally but a crisis in their life resulting in a need for money leads the sponsor to “borrow” from investor’s funds with the full intention of paying it back ( which they are unable to do).Level 4 - The sponsor intends to operate legally but the assets under their management incur substantial loses; the sponsor attempts to cover up these loses by “temporarily” borrowing from one investor to pay another or submitting false results.
Elda Asheley
What is the best way to invest in 2024 for a newbie?
17 August 2024 | 10 replies
Multifamily properties, like duplexes, can be particularly appealing because they allow you to live in one unit and rent out the other, which helps with covering the mortgage while also generating income.Another option is to invest out-of-state in markets where property prices are more reasonable but still offer great cash flow.