Steven Barr
Can’t find profitable fix and flip
24 March 2024 | 27 replies
BRRRR folks are not appreciating the higher interest rates as well.
Robert Calabro
Mid-term rental deposit, application fee, & rent collection
25 March 2024 | 23 replies
I have a prospective contractor who scoffed at my 1.5x the rental rate for the SD when it was a 12 month lease and was also concerned about signing a 12 month lease in case their contract ended earlier.
Sole Angel
How to know a real lender?
25 March 2024 | 6 replies
Rates should be close, origination fees should be close.
Keeya WangJones
Texas New Law: Can’t tour properties until an agreement is signed
24 March 2024 | 17 replies
I understand the adjustments and concerns.
Hoa Nguyen
What criteria do Hard Money Lenders look at?
25 March 2024 | 7 replies
Here is how most work:•Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
Gary Garrett
Hiring where to start?
25 March 2024 | 11 replies
Research The wage rates for the positions you want to hire, in your area.
Jamie Parker
Question about Leads:
24 March 2024 | 3 replies
Being honest, after cash on cash, dcsr, cap rate, noi, and occupancy rate.
Joshua Samons
Primary / Current Residence
24 March 2024 | 2 replies
Interest rate as of March 2024 is around 8% for refinance and it's challenging to find something that return at least 10% cash on cash right now. with the line of credit like HELOC you only pay when you draw. good luck!
Sunny Patel
Question regarding SDIRA qualified vs disqualified transaction
24 March 2024 | 2 replies
My father wants to use his SDIRA to provide a loan to the LLC him and I are equal partners in.The loan would provide the additional funds we require to purchase an investment property.The LLC would pay principle and interest at market rate to the SDIRA.Would this be considered a disqualified transaction?
AJ Wong
Why the new NAR settlement means investors actually need a stronger buyer broker
25 March 2024 | 0 replies
If there are multiple offers, how competitive will a seller paid buyer broker commission be and at what rate?