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18 March 2018 | 9 replies
Not sure how to introduce myself as my life had so many ups and downs but finally met some positive minded people (Thanks, BiggerPockets) where I can Think & Grow Rich in all aspects of my life.
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2 April 2018 | 3 replies
Feel free to be as critical as possible, won't hurt my feelings, as the more critical you are the more I can learn.
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11 April 2018 | 7 replies
@Andrew Reyes I agree with @Michael Le in that 5+ units are valued on it's NO and I would add a very vital aspect to your analysis is to avoid looking at cap rates.
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30 January 2013 | 8 replies
Old notes may not be collectable and you'll need more due diligence in the legal aspects of the lien.Jr. notes are pretty much a door opener as you have priority to payoff the senior lien and if the total loan to value is favorable you can manipulate deals with the borrower, but again, foreclosure is usually a last resort and profits may be limited to the discounts.I have said before buying notes is pretty easy, it is when you know what you're doing, but you need more than RE knowledge, you need to sharpen your valuation skills, legal aspects, title issues, foreclosure proceedings, safeguarding collateral, repairs/construction aspects and the market of RE as well as the market for notes
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31 October 2014 | 15 replies
This experience has allowed me to gather a very broad aspect of real estate.
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7 March 2013 | 24 replies
Chuck, a private money type depends on who they are, your grandmother, a business friend of the family, what they want to know is how do they get thier money back and what interest they will get along with how long you need the money.If you're calling private monet to someone who does loans, more like a hard money lender, it gets more formal, these aspects plus what J.
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14 June 2013 | 15 replies
OTH, if you could access the collateral that would be a big plus for your fee if you could demonstrate a good command of those aspects.
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29 March 2013 | 39 replies
Construction management often oversees this aspect at 10% to coordinate it. $1,475-$1,500, for winding up the business.Construction management, again 10% for accounting and general admin (not buying) another $1,500.00Because the money guy has the money to do the deal and willing to fund he's worth 50%, I disagree, can someone tell me why Rick's money is worth more than the bank's money?
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22 March 2013 | 47 replies
Specifically I look at multifamily and triple net because that is what I know and focus on.When most investors I know talk about switching from residential to commercial the multifamily aspect is the one they choose.