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22 July 2024 | 1 reply
Is there a centralized place/website that one can go to, to be able to see all the relevant metrics that one would need to know before they make a decision on whether it would be a good idea to invest in a particular ...
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25 July 2024 | 3 replies
After doing the program for couple of deals, I find out it is almost impossible to make profit on doing Flip with their system, since they are providing these stuff:1.Sourcing clients with deals on Zillow, that is anybody can do that, you can't buy a property with very low prices2.Asking un-credited investors to borrow Hard Money Loan, I don't really think anyone don't have much experience should borrow Hard Money Loan, with balloon loan mechanism, it is basically teaching new-bees to suicide.!
25 July 2024 | 8 replies
A bank won't lend to you with zero experience buying a commercial property-maybe it is a seller finance deal.
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25 July 2024 | 6 replies
Chicago feels to be saturated and over priced, not finding great deals, but I could be wrong?
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26 July 2024 | 4 replies
It's a good idea to talk to a lender to ensure you meet all the requirements and get the best deal, so if you want to discuss please feel free to reach out to me directly!
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25 July 2024 | 18 replies
How many offers for each completed deal?
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26 July 2024 | 3 replies
You should always have your own agent looking out for your best interests.This sounds like a really good deal based on what you've shared.
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25 July 2024 | 7 replies
More than 2x the in place NOI at purchase and will refi out 100%+ of initial capital and hold for cash flow.What made you interested in investing in this type of deal?
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25 July 2024 | 3 replies
made an offer on a property only to find out later that one of the units was going through an eviction.tried to extend our inspection contingency to no avail to buy us some timeended up not being able to come to terms on how to proceed with sellerthe last HOUR of our inspection contingency the seller offers to try and buy out (cash for keys) the tenant the next day (he had a property manager handling the eviction and wasn't even aware of it initially).i get a (risky) oral agreement that even though the contingency window had passed, if the plan falls through my client will still get their EMD back the next day the seller ends up buying out the tenant for a bit over $3,000 and now we can move forward with the deal without the headache of a problem teanant/ picking up an eviction.
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25 July 2024 | 2 replies
In other words, a wholesaler needs to find a deal where they can get the property under contract for an amount that is low enough that they can not only cut themselves in on the deal (assignment fee, etc), but also pitch it to an investor who sees enough profit in the deal to be worth it to buy it from the wholesaler.