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6 February 2024 | 21 replies
They got on talking and Nick sent his first deal on May 18 but not yet a registered broker with SilverSky (We do have a broker program to enroll brokers before we ever fund their deals).Our investor's on the deal doing due diligence had concerns with both the sponsors and the deal which were communicated with Nick then again he reached out to me (Rodolfo) on June 7 and I knew nothing about it, but quickly reached out to Shah who confirmed the deal was off the table and Nick was told the deal is not a good fit.Nick requested for references which I did provide, I guess he was possibly looking at the wrong website (silverskycapital.com) hence he couldn't find any reference of our closed deals.We did receive client's complaints about Nick's negative propaganda on BP and I had to respond to his claims by signing up on BP but while I'm glad to become a new memberof the BPC, I can only hope not to get banned like everyone else whose account got closed in this thread without a known reason, not to mention our FL client, John Stolarenko whose been a member of BPC for over 2 years, but responded and got his account deactivated, he's did reach out to find out what was going on and if this is what paying $500 for an annual premium membership on BP is about, then I don't think I want to be part, especially being used as a platform to bully private lenders and investors who declined to fund loan request is preposterous.This only reminds me how Trump got kicked off of Twitter in 2021.
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6 February 2024 | 3 replies
I have only received the replay for day 1. Â
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6 February 2024 | 8 replies
Definitely a great question to ask around different management groups, but this is typically only the case with large management groups like Evolve and Vacasa.
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6 February 2024 | 108 replies
My goals are to cover expenses first, then replace my income, and be capable of having no job by 40, IÂ am 33 now and will always want a job, i just set a 7 year goal to achieve that so that IÂ can enjoy time with my wife and future kids, and take care of our family and circle of friends if ever needed in emergency.Overall these two funds were chosen because MHP's are typically more recession proof and safe.
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6 February 2024 | 38 replies
There are 'Turnkey' multis in my market that you could immediately buy and rent out and have ok metrics (cash flow, COC return, CAP rate)an example of a typical 'turnkey' deal you can find easily in the metro:1101 - 1103 N Aztec Court, Independence, MO 64056Available in the metro in a C+ area with a good school district.
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7 February 2024 | 50 replies
I have a hard time overcoming that idea...I just don't typically trust people especially when money is involved.
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5 February 2024 | 10 replies
After a few days I called to confirm that they received my submission.
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6 February 2024 | 4 replies
thanks everyone for the tips and advice .So far we only received half of the rent .
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7 February 2024 | 9 replies
Most will charge a reasonable annual fee, but think of it as insurance.Lastly, consider just getting more insurance, typically an umbrella policy to cover your entire portfolio, instead of OR in addition to an LLC.Of course, discuss all this with an attorney!
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6 February 2024 | 63 replies
The letter I received back from customer service was - too bad, you are beyond the 3 days. 3 days!Â