27 April 2020 | 4 replies
Eg:Effective ways to look for properties (MLS, Realtor.com, Redfin etc.)How to analyze an investment home (2% rule, 50% rule etc.)Steps in engaging with a hard money lender (paperwork required to be signed on, usual values for points and duration of loans etc)Steps involved in rehabbingSteps involved in putting a tenant on the rehabbed property etc.My idea is to make a kind of flowchart that I can use as a guide through the different steps in evaluating the property to the final stages of putting a tenant in the property.I'm located in Farmington, MI and would even be glad to discuss this over lunch or dinner if there are any members that would want to meet and help fill in the gaps.Best,Sid
24 May 2014 | 12 replies
The people we've engaged with on BP have been fantastic!
12 February 2019 | 30 replies
Handing out flyers or putting adds on your website soliciting money, is not only probably not very effective, it may put you under the scrutiny of securities regulators.If you are looking for hard money lenders, they are not hard to find, just ask around.
24 May 2014 | 21 replies
It is unlawful for any person, with intent to defraud the owner of real property, to engage in equity skimming, which is, to:(a)?
28 May 2014 | 13 replies
Meet w/ him, they may be able to do a letter to the effect of what could be done in an instance of total damage, not cause by you.
29 May 2014 | 13 replies
This will effectively make you $25-$35K and allow you to keep the property and rent it out.
25 May 2014 | 2 replies
Homes from Shelter-Kit seem especially cost-effective for the owner/builder who is able to do much of the finish work themselves.Now, I know that these building projects often end up costing a lot more than anticipated at first.
26 May 2014 | 14 replies
But if it appraises by even 1%, that's an extray $1,000 in equity, bringing my effective return to 10% ($1,000 cash flow and $1,000 appreciation), also, if I amortize it over 15years, I could have another $2,000 paid down in principal (just using a round guestimated number) putting me at $4,000 added in wealthy with $20k put down, giving me a 20% return, effectively.Am I looking at this correctly?
24 May 2014 | 12 replies
If you have not even targeted an area and are asking very broad questions like this you are going to have a very hard time finding any agent willing to dedicated some time on you because odds are they could spend that time much more effectively working with another type of buyer.
23 September 2015 | 14 replies
What effects do you think it will have on real estate currently owned and realestate you purchase in the future.Here's a link to an article where China and Russia have agreed to no longer use the US dollar for trades between them selves.http://www.ibtimes.com/china-russia-currency-agreement-further-threatens-us-dollar-248338