Jared Fisher
Refinancing a hard money loan
4 September 2024 | 10 replies
Conventional guidelines will ask you to have owned the home for 12 months before you can do a cash out refinance.
Lisa Fortune
Investor Challenges when securing fix&flip loans
4 September 2024 | 6 replies
some good examples here already but would add minimum loan size / property value I see a lot, unfortunately have to turn away a lot of people (esp. those just starting out) because their budget is too low and the property doesn't have enough value juice to make it worth it as a lender (plus more risky)
Elaine Jackson
First house flip
4 September 2024 | 7 replies
I ask because it seems like you have two clear choices - Either finish the rehab and sell potentially at a loss, or hold the property while renting it out so you can hopefully benefit from gradual appreciation and using the rent to help make any principle paydowns on any loans you may have.
Mei Zhu
Which rule to use in a market that appreciates
29 August 2024 | 3 replies
Finding the true appreciation rate for specific towns can be a bit tricky, but you can start by looking at historical sales data, talking to local realtors, or even checking out some online tools that track market trends.If the condos you’re eyeing aren’t meeting the 2% rule, it might be worth reconsidering or at least getting a more detailed breakdown of potential long-term appreciation and other benefits, like tax advantages or rental demand growth in the area.
Marcus Welson
Seller Closing Costs Review and Options
31 August 2024 | 4 replies
I asked for a sample estimate ahead of time to make sure I can check everything.ALTA Seller's Settlement Statement provided by the buyer's title company lists:H.
Account Closed
is Renatus the Real Deal or a Scam?
30 August 2024 | 70 replies
Or what the classes are all about about, just check out the books and YouTube channels of the instructors.
Stanton Ward
Purchasing investment prop w/o being on title in primary residence
3 September 2024 | 8 replies
I recommend you reach out to @Andrew Postell.
Hitesh Gupta
How would you find a syndication mentor
3 September 2024 | 5 replies
I'd suggest reaching out them and making sure they are a good fit.
Jeremy Beland
The Hard Lesson We Learned About Hard Money Lender
4 September 2024 | 7 replies
The peace of mind and seamless transactions are far more valuable than squeezing out a few extra dollars from a deal that could fall apart at any moment.Real estate isn’t just about the highest bid; it’s about the relationships and reliability that ensure deals are closed efficiently and without unnecessary stress.
Travis Andres
End-buyer backed out of assignment
27 August 2024 | 9 replies
I'd gotten an on-market property under contract, but I found out it had massive foundation issues so I decided to assign it.