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3 March 2024 | 2 replies
You could do some work yourself, and then project manage, once you figure out how to buy cheap off market deals.
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2 March 2024 | 2 replies
Leverage JV/Equity/Mezz on your projects, either by leveraging the existing properties and cashflow, and putting a second on those, or bringing on the JV/Mezz financing on the New Acquisitions/new buildsAlternatively, finding another private investor locally to you who has additional capital or other offerings to help you scale could be the ticket as well!
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29 February 2024 | 10 replies
Hi all, I may be embarking on a big rehab project for a single family home in east Austin and would love to connect with someone who has experience with rehab projects/has any advice they can share with me before I get started.
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2 March 2024 | 16 replies
You have to decide if the future after you move and it becomes a 100% revenue property, is it worth the purchase?
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2 March 2024 | 16 replies
Get the project source brand from Lowes and stain them yourself.
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1 March 2024 | 15 replies
Details below...We need a FAST cash-out loan product that requires only the personal guarantee of my business partner (60% ownership) to be used for: completing the remaining rehab and getting the 1st house rent ready, paying off revolving credit accounts to get her credit score up, and funding the other projects we have in the works.To help bring you up to speed on what's transpired over the 11 weeks we've been in business...We started our business on Dec 1, 2023, leveraged our "then" good credit/high w2 incomes to bootstrap the startup, assembled a rehab team, and are now about 2 weeks out from the completion of our 1st rehabbed property.We've closed on 3 properties, all owned free/clear, and have paid for renovations with personal funds/credit.My credit score was 810, but is now 592, due to excessive debt but 100% on-time payments, therefore can't personally guarantee a loan.My business partner's score is currently in the 700s, but likely wont be for long, due to her revolving credit % continuously increasing, as we push towards the completion of the first rehab utilizing her remaining credit on her CCs.Recently, I started researching the underwriting timeline for DSCR loans.
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2 March 2024 | 3 replies
I live in Murrieta, moved here last July from the East Coast, work in Oceanside, ride motorcycles, love ramen and whiskey, and am always learning and trying new projects.
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2 March 2024 | 9 replies
I am hoping to land my first deal in the near future and begin my journey in this venture.
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2 March 2024 | 10 replies
I personally think the government is incentivized to lower rates in the future to keep their debt payments down.
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4 March 2024 | 59 replies
You don't necessarily need a CPA now, but might need one in the future as your portfolio grows.