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30 October 2024 | 3 replies
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31 October 2024 | 2 replies
You’ve joined a community rich with knowledge, resources, and people eager to help each other succeed in real estate.
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31 October 2024 | 0 replies
In the world of commercial real estate, especially for those of us involved in wholesaling, hard money lending, and larger commercial transactions, finding truly qualified leads can be one of the toughest parts of the job.Unlike traditional real estate, commercial deals require a more complex understanding of financing, deal structure, and the unique needs of clients—many of whom are investors looking for specific ROI targets.
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1 November 2024 | 0 replies
Traditional 30 years fixed deal.
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31 October 2024 | 2 replies
We will have tenants for 3-6 weeks following closing so theoretically we could insure on a traditional policy in the beginning, as it would be much cheaper.
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1 November 2024 | 3 replies
Can you work out seller financing with better terms than traditional debt?
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1 November 2024 | 2 replies
Traditional banks sometimes balk at it because they see it as riskier, but local credit unions or regional banks tend to be more open to it, especially if you can show a solid plan for development or resale.
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2 November 2024 | 8 replies
I am self-employed so it was a challenge just to get a loan in general, not being a traditional W-2, but that was finally overcome.
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30 October 2024 | 2 replies
You’ve joined a community rich with knowledge, resources, and people eager to help each other succeed in real estate.
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30 October 2024 | 35 replies
It goes deeper than that.NYC Liberal policies, including strong tenant protections, increases the risk of failure so much that the risk far outweighs the rewards.Financial ruin is just around the corner for the small Mom and Pop Property Investor that it doesn't make sense for them.The Tenants will have free Attorneys that are bent on delaying eviction cases so long that it stretches into years while Mom and Pop suffer from lack of rental income and still have to pay all the bills and do the management.Additionally, the increase in homeless living rough in the streets due to Sanctuary laws causing a lack of shelter beds, then evicting shelter residents after 30 days creating more homelessness, policies that tie up the Police's ability to arrest perpetrators, etc. only causes Mom and Pop to sell out at large discounts to larger Landlords who are capable to use Economies of Scale to eek out a profit.These larger Landlords will eventually turn a much higher profit as the pendulum will eventually swing towards the middle when the NYC Voting population eventually realizes that it's not a conspiracy of the Rich that's causing the Wealth Gap to increase.It's the same liberal laws that encourage people to become lifelong tenants, small Entrepreneurs (including Property Owners and small Mom and Pop Businesses) to be destroyed, and Rents to rise astronomically as housing becomes scarer even when the population declines by as much as 7% in the last several years.