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Family home for sale in New York.
9 August 2007 | 2 replies
The specific newspapers, any websites or lists and all the other ways.
Mike Lee
Start up costs and where to put money
23 January 2008 | 8 replies
When I was starting out I found that an ad in my local newspaper, and simple biz cards with my cell phone on it was the most effective.
Tania Savory
Setting up an LLC in New York
16 December 2017 | 13 replies
@Tania SavoryI am sorry to hear that you were let you.You do not need to create an LLC to start a wholesaling business.Creating a LLC in New York can be expensive.You need to do the following to create an LLC in New York1) File articles of organization with New York = $2002) Prepare Operating Agreement = Depends; it can be $0 if you do it yourself or you need to seek an attorney to create one3) Publication requirement = you need to publish in 2 separate newspaper for 6 weeks information about your LLC.
Nasir El Ameer
100% Fix and Flip Funding Explained
2 March 2019 | 5 replies
Hey everyone just wanted to explain this concept to those starting out or,if you have experience flipping and need access to more funds.But before I explain how 100% fix and flip financing works.I must disclose the truth about most hard money lenders termsStandard terms from most hard money lenders are as follows80% of LTV (Purchase price) 100% of construction costs loaned/ with a 20% down by you plus closing costs and points ARV is usually 70-75% 12 month term double digit interest rate and usually 3 points depending on experience, credit and reservesThis deal is tough for most investors because it requires the most money upfront and the investor is responsible for holding costsOn the plus side...20-25% down if you have it puts you in a better equity position on the deal but it also limits your ability to do this at scale.Then there is...The 90% LTC hard money loanFor this program it usually is 90% LTV of purchase plus constructionInvestor brings 10% plus 6 months reserves and they pay closing costs and fees ARV is 70-75%Rate and term based on your dealThis deal is not bad compared to the first deal.The 10% is the equity play in this scenario and you pay closing costs points and fees plus holding costs for loan.Not bad if you can bring the money to the table in this scenario and it can be used to scale better than the 80/100 program.The 100% Financing option This program offers the most leverage and is ideal for first timers and experienced flippers looking to do more deals with their contractors without tying up alot of the money upfront and holding costs.Here is how it works:Instead of bringing money down you participate in a equity share loan.Were the funds cover the entire cost of the project at a 50/50 split.The out of pocket costs to the borrow initially is the appraisal and a background check fee.From there the loan is funded in escrow and holding costs points and fees are rolled into the loan.Therefore you can complete the project without the costs out of pocket.Requirements for this loan from most hard money lenders that offer it, are based on reserves, flip experience and collateral.
Casey Crowe
Cat hoarder condo rehab
4 May 2021 | 23 replies
Apparently she was putting newspaper down on the treads, and they got pooped/peed on and turned into pooper machete.
Stanley Russell
Beat place to get Wholesale leads
9 September 2021 | 3 replies
I'm great at digital marketing.What do you hate to do?
Brian Garlington
Is my potential agent taking to long to write an offer?
15 September 2017 | 38 replies
It has gotten even easier over the years, since everything is signed digitally now.
Bob Drew
Tenants asking for a lot of items to be fixed
17 November 2022 | 30 replies
I have the tenants go through the property then sign the photo sheet stating that the photos depict the rental home as is shown in the photos and I have that days newspaper sitting beside the photo signature page, depicting the day of their move in and acceptance.
Cory Mickler
Can I charge more for rent If my property is close to the downtown area of a large city?
21 June 2014 | 9 replies
Check the local newspaper and classifieds for similar listings.3.
Nikki Robinson
Tip: Finding REAL buyers for your deals
13 May 2015 | 12 replies
When I've found it to be true that many "big time" buyers don't look, but let deals to come to them.They have enough connections that they simply don't have a need to browse Craigslist, look at the newspaper classifieds, give their email to join buyers lists or even attend REIA meetings.