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19 February 2024 | 6 replies
Points or origination are often a part of closing costs on the HUD and processed through title/escrow as a part of down payment, but never in advance of that.
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18 February 2024 | 16 replies
Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.
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19 February 2024 | 10 replies
looking to meet others involved in the Green Healthy home certification process I see i can get up to $6300 per multi Family property reimbursed to be Green Heathy Home certified and know Rents are higher in certified buildings. spending a little to improve properties seems to generate 30% Instant appreciation so let's meet up it's time to rebuild. connect and suggest times to meet or just Zoom?
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20 February 2024 | 13 replies
It's interesting what people will do in acts of desparation.In my experience, lenders (specifically private lenders) will do what they can to work with a borrower to avoid foreclosure, which is a costly endeavor for the lender and requires time to process, usually months and months, depending on your state.Also, while an LLC is often considered a safeguard to protect personal assets, a lender using an LLC for multiple loans may have a substantial value to their LLC, which could all be at risk.Finally, if the wrongful foreclosure suit is legitimate and based on an error by the lender themselves, an attorney could logically sue both the LLC and the individual.
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19 February 2024 | 15 replies
HUGE time saver.Individual property accounting - keep track of how profitable (or not) each individual property (or unit) is.App for tenants - so they can look at their balance, make payments, report maintenance issues.Rental applications and tenant screening - Accept online rental applications and then run credit, criminal, eviction checks on them easily.Market your vacancies - getting a vacant unit filled with a good tenant as quick as possible is critical, and good software will help you market those vacancies.
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21 February 2024 | 42 replies
Hello John, If you have the money and you know you will take action by paying for this mentor and actually follow their process then yes it might be a good thing to help you grow without any growing pains and avoid many mistakes they have done.
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19 February 2024 | 18 replies
It takes several steps out of the traditional process of setting up a phone appointment.
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18 February 2024 | 31 replies
A downfall of this process is the lack of tenant screening (background, credit, eviction checks) as far as I'm aware of.
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18 February 2024 | 9 replies
Do you tell the prospect tenants to fill out the application form first before scheduling a live tour?
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19 February 2024 | 32 replies
Some people say there's value self-managing in the beginning to get a feel for what is outsourced to a PM, too.A lot times, the people that do well with self-managing get good at systems and processes (or have lots of time and patience!)