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27 January 2022 | 12 replies
@Michelle Herschend hit the nail on the head about drug abuse being one of the largest problems here.
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22 April 2020 | 6 replies
Here is the recent chatter about AHP: https://www.biggerpockets.com/forums/70/topics/417171-american-homeowner-preservation-ahp-fund?
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11 June 2023 | 8 replies
@Richard F. and @Nathan Gesner you guys both nailed it as to what I was looking for when I posted this.
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3 July 2023 | 4 replies
The objective is to preserve a solid equity position in these properties while maximizing my borrowing capacity for the new purchase.I'm reaching out to see if anyone has experience with this kind of strategy or can recommend lenders (either local or national) that offer such products.
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7 July 2023 | 5 replies
Don-Carlos pretty much hit the nail on the head, and I’ll echo the part about possibly needing more than 25% down on a commercial loan like this.
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25 June 2023 | 8 replies
Once you have that nailed down, you can leverage the knowledge of a good real estate agent (preferably one who has done what you want to do) who can help you fill in the knowledge gaps.
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5 March 2017 | 141 replies
I dug my nails in and held on.
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21 April 2020 | 13 replies
You hit the nail on the head in that if you were to only buy performing loans you would need around $2.5M - $3M of your own money.If you are using OPM then you would need to arbitrage it and probably would need closer to $7-8M.If you started playing into the NPN space you could also do it with around $2.5M of OPM
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27 October 2021 | 17 replies
Also I make sure you KNOW your stuff and have a very detailed business plan, and no matter what NEVER lose someone else’s money as the deal provider you have a HUGE responsibility to protect and preserve investor capital and you better make sure that no matter what your investor gets paid!
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11 June 2019 | 38 replies
@Samuel Viscio to what you were asking about people from California moving in, from my experience and interactions, I think (and this is only my opinion), those coming here tend to really appreciate what we have here and are fleeing the higher taxes and restrictions that unfortunately have happened in California and have no desire to make this place like California, but actually to preserve the way of life here.