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27 January 2021 | 21 replies
All throughout the purchase process, the Turnkey provider and my contact at the PM firm I decided to use were great and no red flags popped up (although I probably wouldn't have been able to spot them anyway!).
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25 January 2021 | 2 replies
It is a red flag at this point.3.
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25 January 2021 | 2 replies
Two big red flags.1) low minimum is a sign that sponsor is desperate with getting investors in.
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25 January 2021 | 2 replies
Good luck and keep with it, im rooting for you!
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12 July 2021 | 5 replies
My preliminary research came at no surprise to notice that it appears the entire state, much like the rest of the country, but perhaps more so is red hot for quick contracts.
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27 January 2021 | 11 replies
First, some general tips for you on red flags to watch out for:- Asking for a large loan application fee or other fees upfront- Unusually low interest rates for a hard money/private lender (real hard money/private lenders aren’t loaning money at 4-5% but fake ones usually advertise those rates)- Email communications with really bad English/grammar indicating the sender might be from out of the country- Claiming they loan nationwide in all 50 states (most non-bank, hard money/private lenders operate in only certain states and don’t lend nationwide)- Claiming they can do loans from $5,000 to $50 million (most lenders that will loan you $5,000 can’t do a loan for $50 million, and most lenders that can do a loan for $50 million aren’t going to bother doing a loan for $5,000)- Offering to send you a photo of their drivers license (fake lenders tend do this to convince you they’re legit but I guarantee you it’s not their license they’re showing you and a real lender would never do this)- Not caring about your qualifications or the merits of the deal (basically willing to “approve” you no matter what you bring to them since they know they’ll never actually fund it)- Terms that seem just way too good to be trueThat’s just a few things to watch out for.
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27 January 2021 | 10 replies
With supply being in the red across the Austin-Round Rock MSA, supply in peripheral cities is being uncovered and made available to purchase.
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28 January 2021 | 11 replies
Every wall alternated color (red-tan-red-tan) with trim that alternated opposite the wall (tan-red-tan-red).
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28 January 2021 | 11 replies
Hard money fees will put you in the red if you don't acquire a house with a good price AND the ARV isn't high with respect to your rehab budget.
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1 March 2021 | 34 replies
The one side of the crack in the blacktop was lifted up about another inch by the obvious tree root.