Jerry Skefos
Website Idea: Investors can review their Lenders
16 May 2024 | 4 replies
I've personally worked with a handful of "investor-friendly" lenders, primarily on DSCR loans in recent years, and each time I've run into significant delays, lack of transparency about the process, have been fed the requirements in a piecemeal fashion (every few days there's a new random request rather than having it all organized from the start), and have even run into lenders who were substantially misinformed about the real estate industry or the laws that govern it on both a local and federal level.I think there should be a better site to encourage accountability by tracking how long it actually takes each lender to close their loans on average, and what unexpected hurdles investors encounter when trying to work with them.I can't seem to find such a site.
Kevin S.
Question on Checkbook IRA
17 May 2024 | 13 replies
Just a FYI you don't need an LLC to do RE investing. if you are looking for the checkbook control then yes you will need one, make sure the custodian you choose explains the prohibited transactions and disqualified person list to you.
Graham Atwater
New to Chicagoland!
15 May 2024 | 10 replies
If you like single family investing, you will have a lot of solid options there.
Shan Vincent
Has anyone used WealthAbility?
16 May 2024 | 158 replies
They just take a personal financial statement.
Mert Turan
New Real Estate agent discovering business.
16 May 2024 | 4 replies
You seem like a very intelligent and hardworking person; I'm sure you can come up with a value proposition that is unique to you.
Thomas Blocker
Anyone in Sacramento use a Owner-Build Permit for ADU?
16 May 2024 | 5 replies
I share this not to discourage you from embarking on this project with you as a manager, but I flip homes and have seen for myself the incredible savings in time and money that can be activated when you have the right person overseeing the project and who has the relationships with the subs that can make sure to push them and hold them accountable.
Hemant Jain
Seeking Advice for First-Time Multifamily Real Estate Investors in Dallas
16 May 2024 | 10 replies
- Loan Type and Liability: Implications of personal vs.
Vera B.
Anyone ever heard of Lower.com?
16 May 2024 | 4 replies
Our difference is we "blend technology with a handshake" - we leverage technology to deliver lower rates than our competitors, BUT we don't compromise on expertise and personal touch.
Geetansh Sankhla
Hello BiggerPockets! New PRO here
16 May 2024 | 5 replies
Personally, I've learned an incredible amount in just the last 2 months.
David Smith
Which insurance for Airbnb Arbitrage?
16 May 2024 | 4 replies
Also you need to figure out how you intend to cover inevitable property damage done by guests but there are plenty of solutions for that in the marketplace where guests pay a flat fee per reservation in lieu of a deposit and you get covered for an assortment of potential issues (bad checks, credit card chargebacks, fraud, personal property damage, etc.)