27 February 2020 | 5 replies
I have heard (from a hard money lender, so he is motivated to encourage me to borrow hard money) that it's much easier to get the refinance at the end of a BRRRR deal if the property is finanaced for the purchase vs using cash to purchase and rehab a property.
27 February 2020 | 4 replies
You sound very motivated to make things happen for your family.That being said, your efforts would go a lot further if you allign yourself with a team of people with similar goals.
27 February 2020 | 11 replies
So, think of it like this: do you want to get a high credit score that allow you to borrow money huge amounts of money to purchase sub-par deals that disappoint you and leave you wondering why you never achieved much success, or do you want to leverage not only the funds but also the wisdom and experience of private money who tie their success 100% to your success, and who can act as mentors and coaches so that both of you get paid for your efforts?
28 February 2020 | 1 reply
Here are the numbers of the deal, experience eyes and direction is what I am looking for in regards to setting an offer amount that makes sense for its current worth. 6 unit owner asking/LOI has agreed to 600,0006 unit - 3 2bd/1bth, 2 3bds/1bth and 1 4bds/1bthtotal rents+laundry = 60,100 current/ pro forma= 70,200 (this can be achieved without any upgrades)expenses = 23,000 currentNOI=37,100 using the cap rate (.09) method of valuation = 412,222Got cap rate from a local CRE agentBuilding is 100% occupied.
28 March 2020 | 6 replies
Also, have you been able to achieve a blanket loan secured against multiple properties to avoid multiple closings?
28 February 2020 | 3 replies
If you are really motivated, put a suit on and walk into offices with your resume.
10 September 2022 | 27 replies
If you're looking more for motivation, I would suggest finding an accountability partner.
27 February 2020 | 4 replies
You can take action to achieve the goals.
28 February 2020 | 6 replies
To make a similar Turn-Key investment would require much more capital.You can achieve strong risk adjusted returns with either strategy, but from what I've seen your upside as a syndicate investor is limited.
2 March 2020 | 14 replies
We pay for qualified leads in our area for motivated off-market home sellers.