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13 February 2017 | 1 reply
I know of some people that would lend money, if I had proof that I could perform.
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13 February 2017 | 2 replies
Do they perform property inspections?
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16 February 2017 | 1 reply
Yes you are right that if the borrower defaults your exit strategy would be foreclosure unless you want to sell your non performing note for pennies on the dollar.
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15 December 2019 | 27 replies
I closed on two properties last year, and both have been performing about the same, so I'll provide details on one just so folks who are considering can know some details.Purchase price $98,900, ~25% down, 4.375% interest rate 30 year fixed mortgageThe assessed price for the properties were lower than the purchase price, so I had to provide additional cash during closing (which is why the downpayment turned out to be more like 25% rather than 20%).
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17 February 2017 | 3 replies
@Chris Blount..I perform basic estimates, but If it's a major problem, I get contractor in after house under contract(only)..Basically, during inspection period...I also work with some good handymen for pricing...HVAC, Roof, Plumbing, Electrical(licensed unless it's minor)...If moving forward with deal most will come out, but might charge a small fee...Once your'e doing deals, no fee...
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17 February 2017 | 2 replies
For the space a (void analysis) needs to be performed.
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20 February 2017 | 22 replies
Once they are ready, they can upgrade to Aquisitions manager and fly solo.The overall goal is to get to a position where we just have to oversee these positions, solve problems as they come up and track performance.
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18 February 2017 | 3 replies
how often do you perform inspections and do you charge me for them?
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20 February 2020 | 8 replies
This is a fairly easy exercise and should be done about once per quarter.
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24 February 2017 | 37 replies
When you say my properties are under performing, you mean cash flow wise, correct?