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19 August 2024 | 18 replies
This summer looks strong and even rising interest rates are barely slowing the growth.
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19 August 2024 | 12 replies
Yes, your standard mortgage rates are dropping, but most of your true commercial lending options are always going to be slow to react so I'm still seeing commercial rates higher than that.Sent over a DM, but would love to talk through some options if you are interested.Good luck!
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17 August 2024 | 16 replies
My biggest piece of advice would be to take it slow and learn to evaluate different options and strategies and hear different opinions (you don't have to take them all and use them, see what works for you... there are a lot of them on these forums LOL) as soon as you can.
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19 August 2024 | 52 replies
They only do that when biz is slow.
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19 August 2024 | 42 replies
So seems he's basically recruiting people to be hard money and bridge lenders in a variety of contexts using his own capital to start with (after they pay the membership fees) so it does seem like it is designed to work for people right up front for the first few deals he is hand-holding you through, but I have a lot of questions about what happens when deal flow or membership slows down and who exactly is left holding the bag.
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20 August 2024 | 452 replies
Some suggest funding the LLC with your capital via a loan going the opposite direction: From the investor to the LLC, that way any money you pull out of the LLC (as a withdraw of owner's equity and not to purchase any properties) is merely a loan payment. - I'm ok with you lending your capital to your company initially.
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16 August 2024 | 7 replies
Unfortunately we bought it at an auction and cannot rent it out so we fixed it up and are selling it, but with this slow market thought of taking out a refi in order to move onto my next project.
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16 August 2024 | 0 replies
Unfortunately, 2024 started off slow, and we only closed a 4 unit in April.
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16 August 2024 | 6 replies
However, when picking a market it is important to choose one that isn't totally dead in the slow months.
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19 August 2024 | 3705 replies
And banks are slow on the refi's!