Brian F.
Best course of action
22 January 2020 | 1 reply
My wife and I have been wanting to get some skin in the game in regards to purchasing our first fixer upper.
Kevin Griffin Jr
Text Blasting Cash Buyers (Wholesaling)
11 May 2021 | 2 replies
Your only hope is blasting an address and a price.
DeJarian Dickson Graham
Can’t reach holdover tenant to serve notice to quit...
22 January 2020 | 10 replies
Nothing like trying to serve notice to a vacant address. :) Ask me how I know...
Joseph Nelson
People that have experience with with lending funds.
30 January 2020 | 3 replies
The borrower and the security (the asset and docs associated with it).As a lender, you want to ensure the borrower has a performance history, can show skin in the game (some of their own capital placed into the investment), and has experience in performing on the particular investment.For the asset, you need to make sure your a LTV (loan to value) does not exceed a set amount you choose to give you “cushion” in the event the deal goes sideways and you need to take the property back.Your loan docs are also important and should include all the things you need to protect your investment such as a deed of trust (or mortgage in mortgage states), promissory note, balloon rider if the loan is not a fully amortized loan, personal guarantee rider (which is only worth something if the borrower has personal assets to go after), etc.For the asset itself, you need to know the strategy (buy and hold or fix and flip) verify the condition and amount of repairs, know the current market value and future market value after repairs, and have a plan in the event you need to take the asset to recoup your investment.
Gregory Williams
I need to pay my car sales tax to get deals and close
22 January 2020 | 3 replies
I’ve been doing everything I can to close a deal without wheels even driving for dollars in my brothers car(limited driving since he works alot and I do too) write down addresses and calling them.
Jeremy A.
oakland-may-ban background checks
25 January 2020 | 7 replies
“This is incredibly timely, given our collective commitment and my personal commitment to addressing homelessness and housing in our city,” Councilwoman Nikki Fortunato Bas, one of the ordinance’s sponsors, said during Tuesday’s council meeting.Currently, background checks are a standard part of applying for rental housing, and applicants with a criminal record often are denied.
Nicholas Weckstein
Foundation repair cause to walk away from possible good buy ?
28 January 2020 | 7 replies
Expect to find more as you address the issue, especially with a cave in like that.
Marco Morkous
Why not FHA for investment property
22 January 2020 | 2 replies
They want someone to have "skin in the game" in order to give them the money to buy a property that they are not planning to live in.
Matt Everling
Ways to guarantee a high appraisal for BRRRR refi?
20 February 2020 | 12 replies
The average rehab $30K-35K.Give the appraiser the comps; addresses, sold comps and your rehab list of the property.
Michael Plaks
Tips on sending 1099-MISC to contractors
22 July 2022 | 6 replies
You can print this one on your computer, no need for the “official” printed forms.W-9 asks them to enter their name, address, and tax ID – which can be a SSN, ITIN (for people who are not permanent residents) or EIN (business tax ID).