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5 June 2024 | 5 replies
Hello all, new to wholesaling and just looking to get some insight on to which platform people prefer for wholesaling.
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5 June 2024 | 14 replies
Motivation is an emotional state. 2 people subjected to the same environment will inherently act differently and thus proves it is not possible to target motivation.A motivated seller is not someone in foreclosure or is an absentee owner or is in tax trouble.A motivated seller is anyone willing to sell their house below market value no matter the reason.Everyone, please stop telling others to stay consistent.Let me tell you something, coming from a (NASA) scientist and engineer.When something does NOT work, you don't "do more" you don't stay consistent.
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5 June 2024 | 5 replies
I don't see why I would for the squatter but I want to make sure they don't have some way of coming after me in court.Also what is a good security system people use for flips?
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5 June 2024 | 0 replies
Drafted a plan, gathered estimates, created a budget, put together DTI sheets, even got an "as-built" appraisal, and also have it in a permit status at the Local Building and safety office.Then I started to look into the construction loan and the permanent financing....to do it myself, and not through a builder.I soon realized that there are sooo many companies out there that want to try to help...but cant (some of them were even on this network of people): don't have builds on record, won't allow for owner-built homes, my credit is less than 680, while carrying the construction loan, there may be a point at the end where because i have my rental house while building that it become hard to pay, and I can't pull out a private loan to help start process because my credit cards balances are horrible...and my "business" has no show of income.So, now we are here in the present time....
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4 June 2024 | 4 replies
Hi All, am looking to connect with likeminded people to help me close on my first property before end of the year
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2 June 2024 | 8 replies
As someone who is still learning the ropes in real estate investment, I'm not entirely sure what an experienced investor would estimate for these rehab costs, especially with the intention of selling the property, not renting it.Could anyone provide me with some ballpark figures for a rehab like this?
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5 June 2024 | 3 replies
Meet other people in your area doing the same thing.
5 June 2024 | 3 replies
I understand they serve as a benchmark when calculating the discount rate but I see people try to predict them on a 10-year basis which seems incredibly difficult for first-time investors and ultimately, we never know what they will be. - Adam
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4 June 2024 | 10 replies
Feel" the true beat of the portfolio's income and expenses performance before using leverage to speed up the growth of your portfolio.Using cash only will protect your bottom line in scenario's like yours when the properties don't perform as expected as you won't be on the hook to cover the mortgage expenses.Just my bias opinion so take it with a grain of salt.I've also witnessed many finger pointing instances when others get involved.Like a new property manager, realtor, contractor, etc...I've had my share of bad experiences with realtors that threw my company under the bus and got in the investors ear to flog it at any price just so they can make a quick commission.It get's very messy, painful and pretty much turns into a disaster with the investor not knowing who to trust or what to do anymore.Similar to what you post about has happened to me and my company many times and if allowed the opportunity, we do our best to fix and come good.Some loose trust and faith and I 100% understand, but as soon as someone leaves the wing of my company there is not much that we can do because as I mentioned above, everyone else get's involved, has an opinion and the situation get's very messy.Having in-house property management is vital when such a "crisis" arises.I tried out-sourced PM when we first started and it was a disaster.We had no choice other than to bring it in-house.Hated my life for the first 5 years with in-house PM and fast forward 10 years, it has become our "golden goose" and a very well streamlined and beautiful business.From what I've seen and read on the forum and elsewhere it seems like RTR has a good reputation and what you have mentioned seems like a "worst case scenario".I hope RTR will assist you the best they can and all I can say is learn from the experience and don't give up.Do your best to weather the storm and focus on minutia.Don't have regrets and don't spend too much time dwelling on the past.Glimpse into the past to get guidance from what you could have done better and think ahead.Move forward smarter, more experienced and better.Wishing you well and much success with your future endeavors.
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5 June 2024 | 2 replies
Lastly, if this is a good deal, you might want to add some details on this post here to entice people to DM you.All the best!