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10 July 2024 | 13 replies
If they send an estimate over and I think I have a better option, I'll let them know I'd rather send in my resource.There's a lot to cover, so it's tough for a PM have both a deep and broad deck of resources all the time.
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10 July 2024 | 6 replies
I think there is an exception for commercial loans.I wouldn't touch this without talking to several lenders first to confirm what is or is not allowed.
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9 July 2024 | 29 replies
I think even regular CPAs are not fully aware of this!!
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9 July 2024 | 8 replies
Don't we think investing in the US is risky with high interest rates, historically low affordability and cash flows and high prices inflated by 15 years of artificially free money that's gone for good?
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9 July 2024 | 8 replies
I personally think it is a HUGE responsibility to take other people's money and you really need to estabalish credibility and real life experience before moving into larger deals in my humble opinion.
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9 July 2024 | 8 replies
I don't think I should have to pay individual fees for each transaction, but am I wrong in this?
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9 July 2024 | 6 replies
Seller finance deals work when one of the following situations is present1- property can’t be financed with institutional financing usually because property is vacant (commercial property) or in bad condition2- seller will only accept an above market price for the property and by offering seller financing opens the universe of potential buyers to include people who wouldn’t qualify for financing3- seller is able to obtain a “piece of the action” from a buyer rehabbing the property and hence ultimately obtain a higher price.4- the seller has an existing low interest rate mortgage and wants to “wrap” the existing mortgage into a seller financed higher rate mortgage and pocket the differential 5- property is an investment property, seller has a low basis in the property because of depreciation, and wants to spread out the taxes due.Are you thinking of trying to purchase with 100% seller financing, or are you able to /willing to offer a down payment of say 10-20% .
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9 July 2024 | 2 replies
While it's not a requirement for investing, I think having a solid foundation of knowledge will set me up for success.
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9 July 2024 | 6 replies
@Brett Riemensnider, here are a few things to think about. 1.
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9 July 2024 | 5 replies
I think you can find a good deal and win in every market.