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3 September 2024 | 5 replies
From your post, I am not sure you need a mentor in the same sense that many syndicators offer mentorship, versus a more traditional mentor.
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4 September 2024 | 4 replies
You can also identify a city-owned lot through this map and work to incorporate it into a real estate deal with the traditional grant programs serving as a portion of the funding.
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8 September 2024 | 101 replies
Waking up at 6am to conduct repairs before work, staying up until 1am after work showing properties, buying supplies at Depot/Lowes, repairing more properties, and calling back applicants since no one in D-class has/uses email, ever.Confronting the realization that no screening any PM will ever do can filter out for populations that live off the grid and outside of traditional credit markets. 400-500 credit scores are expected, past landlords that were unreachable, and jobs that were often cash money with little/no documented receipts.
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6 September 2024 | 79 replies
You can of course also do traditional funding (banks): 20% down, qualifying credit and take 100% of the risk and manage the rehab yourself.
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3 September 2024 | 47 replies
They are like $12.4) Multiple accounts: Often with these 401K plans you will be opening multiple checking accounts (one for Roth Funds, maybe one for traditional, if your spouse is on the plan then one for them).
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2 September 2024 | 7 replies
Mitchell but haven't really looked too close at those areas as I don't really have enough capital for a traditional home purchase in those towns.
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2 September 2024 | 6 replies
Another thing to consider is if you end up not being able to qualify for a traditional multifamily home, then you can purchase a SFH that has a casita.
2 September 2024 | 9 replies
Many of us started out using this strategy, and have continued to implement it with numerous nuances: House Hacking with an STR in your basement, renting by room in a SFH, and most traditionally in a small multifamily property where you take one unit to yourself.
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28 August 2024 | 1 reply
When funding your real estate deals, do you prefer PMLs or traditional bank financing?
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1 September 2024 | 79 replies
@Christian Bors Don't follow you... the company is putting up 100% of the money were is the risk to the @Jim Stoffey is it just risking his time... he has to learn somewhere.. and if he does not have the cash to do the deal ... then what do nothing.