Timothy Smith
Financing mixed-use 4-unit -- mortgage opinions wanted
6 March 2020 | 0 replies
Projected ARV $275K+Lender #1 (with whom I already have a relationship)80% LTV (as complete) lender for 1-4 family residence, will finance 80% of purchase and 100% of the rehab 75% LTV lender for mixed-use, should I decide to not convert the commercial unit to residential5 year note/25 year amortrate is locked at commitmentno prepayment penalty7% interest only during construction period (up to 12 months), 5-5.5% locked rate following permanent mortgage conversionone closingno bids, estimates, or invoices required from contractors after we submit the initial Work Scope.
Frances Juarez
What are the exact specs HML look for in their projects?
6 March 2020 | 1 reply
It's more about building relationships and determining what the particular lender wants to invest in.
Anna L.
Los Angeles Owner/Investor DP Help!
9 March 2020 | 8 replies
The opportunity to be of value can come in many different ways, and we each have our own talents. i.e. architecture, networking, design, cold calling, and more vs some people work a lot of hours and only have the time to put money into the stock market and look to diversify but dont always know where to go, so the opportunity to build those relationships with people for the long term will always be the way to go in this business.
Adam Young
Looking for a Contacts in DFW, Texas area
8 March 2020 | 2 replies
I would be grateful for any insight and would love to learn how I can create a mutual benefitting relationship for success.
Gary Thompson
Best RE related jobs to get into Residential Propert Investing?
11 March 2020 | 2 replies
You will deal with contractors, agents, and tenants in your work place so create relationships then all you need to do is find your own property and you got your team in place!
Dalwin Garcia
The Real Estate Guys Seminar(s) (Syndication)
18 March 2020 | 3 replies
Cost $400-$600.I would find 3-4 people who have actually done syndications in the state/area where I was wanting to invest and cultivate relationships with them via dinners, local networking events, and offering to work for free in exchange for knowledge.
Daivis DeJesus
What ad ons will increase the value of my BRRRR project
11 March 2020 | 11 replies
This really helps the tenant/landlord relationship and also makes the rent increases more palatable.
Jason Harbison
Flipped my first house. Ready to sell and buy another
16 March 2020 | 3 replies
(here are some links to BiggerPockets blog posts )27 Ways to Find Off-Market & Wholesale Real Estate Deals: Offline55 Resources to Find Real Estate Deals Online35 Relationships To Help You Find More Houses To Flip or WholesaleYou’ll need to buy those in cash, whether your own money, private money, or hard money.To make $20,000 on a property you’ll need to spend at least $150,000 per project, so you’ll need access to $150,000 X 5 = $750,000.The easiest way to get this money is via a hard money lender, but you’ll generally need to come up with 30% of the cash and you’ll need to be able to show that you can pay the monthly payments.This is where your job will come in handy, in 2 ways. 1) You need to be able to make the payments; 2) Your specific job gives you a ton of credibility with hard money lenders showing them that you know what to do and how to manage a project.Hope that helps!
Melanie Hartmann
SYNDICATION: Best Way to Get Started?
18 March 2020 | 3 replies
You want to start to establish a relationship with each, get a feel for how accessible and transparent they are.
Francisco Nieves
How To Avoid Running Into Mortgage Paying for Indianapolis Owners
11 March 2020 | 0 replies
Respond to your tenants’ calls quickly, or if you can’t be sure they know you’ll be unavailable for awhile.Being a good landlord will go a long in way in developing lasting relationships with your tenants, which will in turn, help you keep them in your property longer.