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18 December 2024 | 15 replies
Hey @Shaheen Ahmed, A lot of deals aren’t top performers right out of the gate, but the key is finding ways to maximize income to offset costs like taxes.Stay consistent with analyzing deals you’ll find an area that works for you.
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14 December 2024 | 7 replies
I’m exploring the option of selling these notes and would love to get your insights on a couple of key points:Pricing Expectations:How much of the total principal should I reasonably expect to receive when selling these notes?
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13 December 2024 | 4 replies
A loan commitment letter carries more weight as it confirms lender approval, signaling a stronger ability to close.Addressing Closing Concerns: A commitment letter meaningfully reduces concerns, especially when paired with proof of equity and a track record of performance, even if on smaller deals.What Brokers Look For: Key factors are a reputable lender, clear terms in the commitment, and evidence of funds for equity and reserves.
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11 December 2024 | 5 replies
In general, if you get the keys from her, she has legally vacated the apartment.
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19 December 2024 | 82 replies
The key is to not have negative cash flow.
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12 December 2024 | 6 replies
@Marc ShinThe timeline for completing the BRRRR process can vary depending on a few key factors, like the condition of the property, your financing strategy, and the speed of contractors.
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13 December 2024 | 7 replies
That’s the key benefit.As for the cost segregation study, whether or not it makes sense really depends on your tax situation.
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12 December 2024 | 2 replies
We are a team of five employees, and our work involves renting land for a number of years, designing and developing buildings, and managing them—including renting and maintenance.It’s an exciting yet challenging new chapter in my professional journey, and I’m eager to learn and grow alongside all of you.One of my key goals is to modernize our company’s workflow, which is currently reliant on traditional pen-and-paper methods.
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11 December 2024 | 1 reply
Checking out their track records in specific locations is key.
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15 December 2024 | 7 replies
In either case, the wholesaler usually doesn't need to provide their own funds to complete the deal unless they are doing a double closing and need private financing for that purpose.The title company plays a key role in ensuring that the funds are processed correctly and that the transaction is legally and financially finalized, including disbursing funds to the seller and paying any fees owed to the wholesaler, private lender, or other parties involved.Contract with Seller: The wholesaler secures a property under contract, usually with a small earnest money deposit.Find Buyer: The wholesaler finds a buyer (investor) and assigns the contract, earning an assignment fee (difference in price).Closing: The buyer wires funds, the wholesaler receives the assignment fee, and the title company handles the transaction.Costs:Earnest Money: Small deposit.Marketing: Costs to find deals.Funding (if needed): For double closings.Profit: The wholesaler earns the assignment fee.prioritize transparency and value.