Samuel Coronado
Getting ready to develop park
21 August 2024 | 9 replies
. $790k turning into a multimillion property seems like it's too good to be true.
Brenden Evans
Rental Property Investments
22 August 2024 | 13 replies
It sounds like you are familiar with WI.
Tee H.
SUBJECT TO Questions ORLANDO, FL
21 August 2024 | 8 replies
Let me know if you'd like to connect & discuss more.
Brittney Pathkiller
Help! How to get a private investor or hard money lender?
21 August 2024 | 4 replies
I can't find agents to go over and above like that.
Darnell Fenderson
Lending for low purchase price
20 August 2024 | 8 replies
Hi Team,I have a property I would like to purchase for a buy and hold at $42,500.
Sam Hudacek
Investor friendly title company in Chicago for Subject-To
20 August 2024 | 15 replies
Sam, how did you like working with that title company?
Brad Nowak
Changing to electric heat from radiant in a small apartment building
20 August 2024 | 5 replies
I was open to any suggestions and do like the wall unit idea.
Trey Fischer
Rent Redi Alternatives
20 August 2024 | 4 replies
Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.
Clayton Silva
Local vs National
20 August 2024 | 2 replies
There are definitely pros and cons to each so I figured I would just lay out a few benefits and personal thoughts: Small banks/brokerages:Pros:- Some regional knowledge of the market- Possibility of more creative lending guidelines with bank specific programs- Sometimes they have competitive rates for their areaCons: - weak balance sheet (more strict on some guidelines, no wiggle room, inability to be flexible or grant exceptions because they cannot afford to hold less than perfect loans)- Can't scale with clients to different markets- Usually limits exposure to individual investors (they don't want one investor to be too big of a portion of their balance sheet)- Lack of experience with multiple solutions (tend to have 2 or 3 loan products they sell and are too niche to provide tailored solutions)Large banks/brokerages:Pros:- Large compliance departments that understand individual market guidelines (typically each state has specific lending guidelines that augment the national baseline)- Ability to scale into multiple markets with same lender (licensed in many states)- Impossible for individual investors to "outgrow" a large bank's balance sheet (not concerned with one investor's concentration)- More lending solutions available for different scenarios- Often comparable or better rates given the game is volume basedCons:- Can be more difficult to get fast responses if the bank/brokerage does not have good follow up systems in place (or if the underwriting/processing staff gets overwhelmed)- Bad large banks can feel less like a relationship and more like a cog in a factory (less personal)Overall, I have worked from both and worked with both as a loan officer, branch manager, and as an investor/client myself.
Brian Kloft
Looking for Simple Free CRM/Database to keep track of Driving for Dollars Properties
20 August 2024 | 5 replies
I have started using a spreadsheet but I would like something that makes it easier to keep track of when I have sent the owners a letter or postcard etc; also to attach a picture of the property and some pdf's of county record documents.