Michael Nelson
What do hard money lenders need to see in terms of the deal?
Hi,
What seems to not be mentioned often is exactly what hard money lenders want when presenting the deal to them and what that turn around time is.
Context- Where im looking properties that are good deals move fa...
Tiffani Baggett
I'm tired of the investors who don't care...
Hi Everyone! I get it. Birmingham is a great place to invest in and you get your ROI. However, recently I started noticing that in the Eastern Birmingham area, most homes, acquired by Out of State Investors (Californi...
Jason Sperling
Cash out 401k/IRA or mutual funds/stocks to make first purchase
New REI. Trying to decide whether I should cash out my 401k and IRA or my mutual funds and stocks to get the down for my first rental property. I have about the same $$ in each, and both seem to be performing about th...
Trent Reeve
What is the checklist for starting out in STR
For people completely new to thisThree seem obvious, purchase property (and ensure staged with furniture, kitchenware, etc, all ready to go), contract with cleaners. list property on platformsWhat are next steps?do yo...
Timothy Blackman
Tax lein/ tax deeds. SIOUX FALLS?
Does anyone still purchase or pay for tax leans in 2024? I am trying to learn more about the practice.What are Some things to look at? What to watch out for? What is the reality of it from real experienced people?What...
Chris McKinley
Lessons learned: Courtesy of the PROPERTY TAX CODE
I recently learned a few lessons in property taxes courtesy of the tax code and my mortgage company that I wanted to share so they don't catch anyone else off guard. In 2014 I purchased my first house down in Phenix C...
Harry Williams
How often do you reconcile and record expenses?
Do record expenses and organize receipts as they come in, at the end of the week or month? Currently, I am doing them in excel as they come in but this proves to eat up a lot of time, sporadically throughout the day.
Greg Grant
Financing gameplan for a personal mortgage (stats inside)
So my wife and I have decided it's time to upgrade our personal home. And I want to see what kind of options we have in regards to getting a mortgage (haven't applied for one in 20+ years)We currently live in a Townh...
Eric Bilderback
Brand new 4 plex financing
I would like to partner a friend and an acquaintance that owns land we can put a fourplex on. It appears that I can get the loan to build with him (since he owns the land outright). After it is constructed I would l...
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Can you tell me what you think of this Loan
Someone emailed me these terms for a loan. Can you tell me if this is a god deal?
Property Type: Residential and Commercial, investor properties only
Lien Position: First Mortgage only
Loan Amount: $25,000 Minimu...