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11 December 2024 | 14 replies
This reduces exit options and affects the value. 10) Small number of small units is the most expensive residential development there is.
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7 December 2024 | 2 replies
Funny enough, after making a few calls to my network in Scottsdale, plus tapping into a couple of connections I’d developed through some late-night investor meetups, we found a buyer quicker than he could polish off his morning espresso.
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30 December 2024 | 89 replies
No way he could have grown his rental business that quick or developed scale, by buying his own properties.
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5 December 2024 | 2 replies
Quote from @Clint Miller: Anyone here in the community used construction loans to scale their development projects?
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29 November 2024 | 0 replies
Purchase price: $28,000 Cash invested: $28,000 Raw land, and 2 adjacent lots to be developed into duplex rental What made you interested in investing in this type of deal?
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9 December 2024 | 6 replies
I know some mentioned about developing banking relationships and I totally agree with that, so here is what you do. 1) Open a business checking account in the name of your LLC to hold the assets. 2) Deposit your cash into that account to fund the real estate purchases3) After owning for 60-90 days, talk with a local lender about a line of credit against the 2 properties at 60% LTV. 4) After about 30-45 days, have the line open to use if you need that liquidity that you used, but until then you are not paying 7% interest on nothing.
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10 December 2024 | 11 replies
If it's above 700 or 720, I wouldn't worry about it too much (though credit scores are dynamic and change over time, especially with RE developers).
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6 December 2024 | 4 replies
In my development I am building a few of my clients have had packages stolen and one theif even took the welcome mat :) but these are normal front yards etc.
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5 December 2024 | 14 replies
I assume pros are little maintenance, no cap ex for maybe at least a decade, and possible favorable loan terms from developers.
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8 December 2024 | 7 replies
My goal is to build a business that serves corporate clients; construction and infrastructure development teams, medical/education faculty, corporate relocation, family emergency relocation services, sports travel/events, corporate and industryand I want to learn from those of you who are doing this successfully and are willing to share actionable ideas for how I can be successful in offering value to these groups.Thank you!!