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3 December 2018 | 4 replies
If an agent asked me to loan them money I would first evaluate how committed they are to get out of the hole.For example, are they committed to working every-single-day or just 3 days/week?
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4 December 2018 | 9 replies
I start the prelim convo but I think I'll need to get more hard numbers and actual commitment.
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28 March 2019 | 20 replies
Congrats on committing to taking your first step in RE investing.
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7 December 2018 | 15 replies
I'm not too keen on working with someone who isn't willing to show at least that degree of commitment.
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6 December 2018 | 4 replies
Just got a PRO Membership to take the commitment of this or the next oportunity.Option 2:-Save until I can put a full 60 day notice with no risk-Find a new location and be about 3k more prepared fincially and have no risk of having to pay at two locations (Ideally April)-Repeat option 1Audio books read once:"Set for life""Richest man in Babylon""The Book on Investing in Real Estate with No (and Low) Money Down""The book on Rental Property Investing""Long distance real estate Investing""How to invest in real estate: The Ultimate Beginner's Guide"I can afford to pay for worst case scenario, but this would be my first deal that I wanted to do by the end of 2019 anyway, this would just jump start that to today, with a little more risk (I feel slightly nervous and unsure, but this would be my first deal and I think it is because I have not taken the first step yet.)Thank you for taking the time to read this.
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10 December 2018 | 5 replies
The rules don't take effect for 6 months, but the message is clear.Cities want their hotel tax revenue.Cities don't want those big bad real estate investors to make too much money.Cities don't want rental inventory disappearing from the market.Don't make a highly leveraged 25 year financial commitment on the assumption that current market conditions will remain the same.I stay away from things that the general public get into and it seems everyone wants to rent out an extra room or home.
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12 December 2018 | 91 replies
A lease between a landlord and tenant is a more binding commitment in the eyes of the law than a boyfriend/girlfriend relationship which can be broken quickly without strings attached.Your girlfriend would be much better off selling and just giving them $800/month.
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9 December 2018 | 11 replies
It is highly unlikely someone will pay $18k to get rid of their property.If you are that committed to the property, take out a personal loan for the closing costs.
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7 December 2018 | 12 replies
It's possible and lower risk on a first deal but hiring a GC to manage the whole thing will hurt your profit and you really need someone knowledgeable to go in and look at the situation before you commit.
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9 December 2018 | 52 replies
That will somewhat commit him to the idea of the place being sold.