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17 December 2024 | 42 replies
They'll usually jump on your suggestion because it is so much easier to sell the note than get the process of a short sale through their system.By purchasing the note to the property you basically become the bank.
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10 December 2024 | 26 replies
A basic set of subscription docs will cost you, typical $10k+ at least for the first deal.
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7 December 2024 | 2 replies
Hello Sham, the fact that there is no lease agreement is really rough because that information is basically always in the lease.
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7 December 2024 | 5 replies
You should download the lists of properties, research a few, attend online or person, and learn the basics.
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9 December 2024 | 1 reply
Just a heads up: Windows Defender, the basic one installed on your personal computer, is good enough for personal usage.
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13 December 2024 | 13 replies
With the lower price point rentals, you basically just tread water.
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14 December 2024 | 36 replies
I don't require my agents to join NAR and in fact dropped my membership when I opened my own brokerage.If the situation made sense, I wouldn't necessarily require an agent to join MLS, but it's such a basic tool of the trade, I can't imagine someone who is active in the business going without it.
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19 December 2024 | 82 replies
Build a Safety NetKeep at least $20K in reserves for unexpected repairs, vacancies, or emergencies.
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5 December 2024 | 1 reply
Understand the basics of private lendingResearch real estate marketsDetermine your investment strategy and criteria for loans, including:- Amounts- Interest rates- Repayment termsCreate legal documents with a lawyerNetwork with real estate professionalsPerform due diligence on potential borrowers and their projectsBegin with smaller loans to gain experienceMonitor your investments closelyConsider joining a private lending group for additional resourcesStay informed about real estate trends, lending practices, and legal regulations
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5 December 2024 | 2 replies
However, I have helped a couple people with extremely basic home layouts when they were in the process of remodeling their home.