Also this is obviously taking into account you are using cash and not seeking financing?

Hello all,

I’m a brand new (no deals yet) investor, who is relatively new to Sonora California, living in the central Sierras. I’m a forester by day, hoping to work my way towards financial freedom and most important...

Player!

Let me know if you are interested in other assets, we have good connections in MKE if you are seeking commercial.

But most investors are looking for bankers, contractors or seek free leads. 

Trying to fully understand each player's role in the process leading up to the closing.

But if they are seeking to hold a property for any length of time and want their cash investment back there are some important rules to understand with conventional loan:If you buy a property with cash (or with a HELOC) you can receive a cash out loan on Day 1.There is not a 6 month waiting period with receiving a cash out loan if you purchased a home with cash or with a HELOCBUT you will be limited to the amount of....Your purchase price + closing costs (costs when you purchased the home)OR75% of the “After Repair Value”...WHICHEVER IS THE LOWER AMOUNT (super important)These rules are important to understand so here are two examples:Example 1: If you purchased a home with $50k of cash, and put $30k of renovations into the loan, and the home was worth $100k. 75% is $75k and $50k is your purchaseprice.

I'm still in the early stages of seeking out deals in my local area, driving for dollars, direct mail marketing, etc.

I have multiple partners with large amounts of money seeking passive investment opportunities. 

I was thinking about deploying capital there in 2021.It does seem that CRM is the dominant player there and they are very professional with the initial communication I’ve had with them.