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9 July 2021 | 3 replies
Depends on how much cash you need out for the next venture.
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16 July 2021 | 4 replies
This means that as long as the loan was obtained on or after June 1, 2016 and the LLC you transfer it to is controlled by you, the borrower, then the lender must allow the transfer to occur without triggering the due on sale clause."
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9 July 2021 | 15 replies
We (judiciously) extend credit and we pay for pest control and act quickly in the event of bedbugs.
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20 July 2021 | 8 replies
You're a "hands-off" investor, and you don't get control over the asset's performance or management.
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8 July 2021 | 1 reply
Increase rents with renovated units plus organic rent increase and controlling expenses.Exit Strategy: 10-25-100 rule, increase the NOI by 10%, which increase the equity by 25% which gives 100% return on your original investment, refinance or sell in 24 to 36 months.
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9 July 2021 | 8 replies
After that, I can consider them gone and take control.
9 July 2021 | 3 replies
Once you start venturing into 5+ multifamily properties, they are considered commercial properties and the loan underwriting is focused more on the property and less on the borrower.
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20 July 2021 | 18 replies
These professional softwares literally write checks for you (like online banking) and have controls in place so you can have employees safely make payments for you without them having true banking controls.
11 July 2021 | 10 replies
My mentors advice would be to stay in my lane and only deal with things in my control.
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21 July 2021 | 2 replies
I wanted to start out as a wholesaler to get my feet wet with real estate and then eventually venture off to multi family investing.