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30 July 2024 | 6 replies
Once fully satisfied, the split becomes 50/50.When accessing this deal, here’s what went through my mind:A PMP would have to be okay with holding their funds long-termThe borrower would need to be experienced with doing wraps, as it takes time to get willing and able buyerThe borrower would need experience in pivoting to a different exit strategy should they fail to successfully execute a wrapWith NO EQUITY on the property originally, and the PMP being in second position, the borrower would likely need to cross-collateralize if the PMP has NO INTEREST in taking over the propertyMy conclusion, from looking at this from a thoroughly analytical standpoint, would be only someone who has a moderate to high risk tolerance and cares about cash flow without pulling out and parking their money into numerous deals would likely lend on this.Anyways, thoughts anyone?
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1 August 2024 | 7 replies
This resulted in people bringing me deals in the market, helping numerous other buyers invest in the area, and grow an extensive rolodex of team members.
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30 July 2024 | 2 replies
In my previous role, I encountered numerous instances of real estate fraud, which opened my eyes to the importance of legitimacy and trust in this industry.After months of studying the markets and educating ourselves on the BRRRR method, we are thrilled to have potentially found our first deal, along with other promising prospects.
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31 July 2024 | 3 replies
Search the BP for ADU appraisals to encounter numerous examples.
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30 July 2024 | 4 replies
General Phoenix and surrounding areas.Interested in new opportunities to learn and grow in.Open to meeting and collaborating with others in the field.
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30 July 2024 | 3 replies
I work in a medical field and there's always a shortage.
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31 July 2024 | 5 replies
I worked in the field for about 3 years and that's where I began to get interested in realestate.
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30 July 2024 | 0 replies
Success, currently active, will update what our final sales price ends up with, fielding calls on the property already.
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1 August 2024 | 16 replies
Frankly, even local: the last 3 properties I bought were all in close to move-in-ready condition, because currently, I can't get enough discount on a property in a desirable area to pay for the necessary repairs and upgrades.The radical solution: move to Cincinnati, even the playing field and become a local investor.
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30 July 2024 | 18 replies
Contact numerous lenders, prepare financial paperwork, and acquire a mortgage pre-approval letter.