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16 October 2021 | 5 replies
Yorktown is my favorite close to Langley.
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23 October 2021 | 8 replies
I've been a property manager for 12 years and have 400 rentals, but I am still reading and networking all the time, trying to keep my skills sharp and stay ahead of the next crazy government regulation or nonsensical law or tenant trend.My favorite source to recommend is "Every Landlord's Legal Guide" by NOLO.
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15 October 2021 | 1 reply
BUT, I can show 7-figure liquidity with zero debt.
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20 October 2021 | 23 replies
Try Lumber Liquidators or local flooring places.
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3 November 2021 | 3 replies
So, Here are My Top Tips for Fix n Flippers When it Comes to Rehab Below:- PLAN YOUR SCOPE OF WORK AND REHAB BUDGET WITH DETAIL- FORECAST PROJECTED BUDGET AS ACCURATE AS POSSIBLE- USE A REHAB BUDGET TEMPLATE PROVIDED BY THE LENDER RATHER THAN MAKING IT SO YOU DON'T FORGET ANYTHING- HAVE 25% OF YOUR REHAB BUDGET AVAILABLE IN LIQUID FUNDS - DRAW OR DESIGN SKETCHES OF BEFORE AND AFTER REHAB -- ASK YOUR LENDER FOR HELP IF YOU NEED :)- ASK YOUR LENDER IF THEY OPERATE ON A DRAW PROCESS OR NOT- ASK YOUR LENDER IF THEY CHARGE INTEREST ON UNDRAWN FUNDS- ALWAYS OVERESTIMATE YOUR REHAB BID -- EASIER TO GET REIMBURSED RATHER THAN ASKING FOR MOER FUNDS (KEEP IN MIND YOUR RESERVES THOUGH WITH A HIGHER REHAB AMNT)What are some of your best practices when it comes to working with a Lender as a Fix n Flipper?
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16 October 2021 | 1 reply
Line of Credit Qualifications - rates start at 7.99%To qualify for our line credit product = 7x your liquid assets (cash, stocks, 401k, accounts receivables, inventory, etc.):- 640 minimum credit score- At least 2 real estate investment transactions completed in the last 36 months (rentals, flips, construction)- Line of credit must be issued under a business entity (LLC, trust, corp, etc.)- Cannot be delinquent on any current mortgage obligations- Cannot be recently emerging from or entering bankruptcy- Must be a U.S.
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16 October 2021 | 3 replies
Pros/cons.Line of Credit Qualifications - rates start at 7.99%To qualify for our line credit product = 7x your liquid assets (cash, stocks, 401k, accounts receivables, inventory, etc.):- 640 minimum credit score- At least 2 real estate investment transactions completed in the last 36 months (rentals, flips, construction)- Line of credit must be issued under a business entity (LLC, trust, corp, etc.)- Cannot be delinquent on any current mortgage obligations- Cannot be recently emerging from or entering bankruptcy- Must be a U.S.
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15 October 2021 | 0 replies
I'm not used to things being easy especially because of my first and favorite sport Boxing, when you're in that ring you have to learn quick and adjust accordingly ( trust me my resting weight is 170lb so at least for me it's rare that I spar someone at the same weight usually their lighter which means faster, or heavier which means stronger ), that being said i'm also not used to things being handed to me, but recently i've been blessed with the opportunity to receive 100% funding on my next Fix and Flip deal.
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29 October 2021 | 36 replies
Unless you're looking at short-term rentals...You're probably going to find that people in Cleveland are reluctant to give you the names of their favorite contractors and handymen because they are so hard to find and they're all so busy.
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20 October 2021 | 2 replies
Thanks so much, @Dave E. .