Caroline Gerardo
Many Times I Said Don't Waste Your Money on LLC Vesting. Now this:
11 February 2024 | 30 replies
If I'm all 3 officers how legit are your meetings & minutes?
Michelle Backer
Anywhere left to invest in inexpensive real estate ?
14 February 2024 | 123 replies
Happy to show you properties and see if it meets all your number requirements!
Anthony Warlick
New to Investing and Bigger pockets
12 February 2024 | 5 replies
5) Consider meeting with a few agents in your area even if you are just getting started!
Jacob Elbaum
Fire Damage Investment Property
13 February 2024 | 7 replies
There are many things that could be overlooked as part of the renovation on fire-damaged properties.As far as additional things to consider in the rehab: The challenge with fire damaged properties is that there is more than meets the eye.
Justin Brittingham
Financing or Deal first?
13 February 2024 | 10 replies
Usually at my local RE meetups there are no shortage of mortgage brokers, hard money lenders and private money lenders there.Before you go out and look for deals, schedule meetings with these people and talk to them.
Justin Johnson
My First Rental Property Freak Out
15 February 2024 | 72 replies
They typically spray right along where the drywall meets the trim.
Kenji Tominaga
Out-of-state property viewing via video
13 February 2024 | 9 replies
@Kenji TominagaYou can Amtrak there in under 2 hours.Take the train and spend a Saturday or Sunday in areas you are consideringOut of state owners not visiting properties and or not meeting their PM’s is on the top 10 list of dumb things to do to lose $ in real estate.People will go to the store to look at a refrigerator, or appliance but not go to a home they are spending six figures on….
Derrick Roland II
New to real estate
12 February 2024 | 4 replies
Be careful of responses to your posts as 1) Most responders aren't licensed experts 2) many of them will share what has worked for them, which may or may not be legal or the "best" way or the way that will work for you.We manage almost 700 doors in Detroit and the tri-county area, so bounce stuff off us as needed:)
Kieran Dowling
Differnt types of loan products
13 February 2024 | 13 replies
This avoids the 3-4 FHA problem with rents not meeting the self sufficiency test.
Steven Lee
Looking To Educate Borrowers On Hard Money
12 February 2024 | 6 replies
So if you have good credit, and the asset is good and the deal is good then 90%/100% isn't out of the questions.So let's say 97k purchase, 60k rehab, ARV 220k.If you get 90%/100%Loan amount 147,300 (87,300 + 60,000)Your down payment: 9,700Origination Fee: 2% - 2,946Service fee: This includes a legal fee, underwriting fee, processing fee, etc: 1,500Title Costs: 1,000Insurance costs: 500 - 600Interest Rate: 11.5% - 12%Payments: 1,000 - 1,400 per month.