All Forum Posts by: Kai Kopsch

@Stephanie St. Germain Grait question, and like so often, it varies where you are in your RE Investing endeavor. I would recommend setting up your team and letting your lender help you understand all the benefits of setting up an LLC vs. financing first deals personally. 

Welcome to BP @Alvaro. I would start with updating your BP profile and reading the topics of the forum that are interesting for you to connect with fellow BP members, and then Posting your listing if you own the property (Sell by owner). You definitely get more traffic on sides like Zillow or the MLS.

Hey Daniel, congrats on taking the plunge into real estate! You're in the right place, surrounded by people just as excited as you are.

Remember, everything is a learning process. Don't know how to do something? No problem! Learn it, or, if you're feeling fancy, hire someone you trust to help and get different estimates. 6 Critical Documents you need if you're working with a Contractor: 

Independent Contractor Agreement

Final Scope of Work

Payment Schedule

Insurance Indemnification Agreement and W2

Final & Unconditional Lien Waiver: this is the most important one!

You got this, and we're all rooting for you!

New Listings were up in the Charlotte region by 3.5 percent to 3,484. Pending Sales increased 3.9 percent to 2,765. Inventory shrank 14.8 percent to 6,526. Prices moved lower as Median Sales Price was down 0.8 percent to $379,900. Months Supply of Homes for Sale remained flat at 1.9 months, indicating a stabilizing supplydemand balance. (Based on information from Canopy MLS for the period 11.2023)

Consumer confidence has gone up this November. Americans are now more optimistic about the economy than they are about finding a parking spot at the mall during the holiday season.

Jobless claims are lower than expected and close to historic lows. The job market is still holding on like a cat on a screen door.

Investors are betting on the Fed cutting rates in March, with plans for 6 more cuts next year. It's like a financial version of a six-pack, but with less abs and more interest.

Falling mortgage rates and a promising housing market have given a much-needed boost to builder confidence, reversing a 4-month decline. It's like a construction-themed version of "The Little Engine That Could."

Housing starts unexpectedly rose to a 6-month high in November. Builders are working at a pace that would make even Santa's elves jealous.

Existing home sales went up 0.8% in

November, bouncing back from a 13-year low. The median home price grew 4%, making us wonder if we should start investing in gingerbread houses.

Stay tuned for more updates

Good morning Candice,

Sadly, your reply showed precisely what is wrong with the featured agent program.

"Digital leads convert between 0.4-1.2% according to the NAR."   At around ~$60 per lead, with the best conversion rate, I would pay $ 6,000.00 per transaction! My rate is around 4% in a high-interest market with low inventory; this doesn't work.

I love the BP community; this program could run perfectly and help BP members start investing. Please, BP make some changes.

Every state is different, and there is no correct answer to what a minimum lot size is. A lot size of a parking space in New City can have more value as a waterfront lot. For me, the most important would be location and the best exit strategy for the flip.

The best way to get started in REI is but treating it like a business, and you don't need 100K to start. Most start by analyzing deals and forget the fundamentals of every business, like getting a Tax ID, bank account later, Business Credit cards, and lines of credit. Setup all business tools like a CRM, MLS access or RE software suites a webpage digital business cards a Facebook business account. Even with very little cash on hand, you can get creative financing; for example, I did my first flip renovation with a new business Credit card one year with 0.00% APR, paid everything back after the sale, and got points and signup bonuses. What counts most in RE are relationships, and this is as easy as going to RE meetups and adding every day just 1 new contact in your CRM, and following up every other month.

New home sales surged to their highest point in 17 months, experiencing a 4.4% month-over-month increase on a national scale. On a year-over-year basis, new-home sales demonstrated a remarkable rise of 31.5%. This surge was particularly notable in the Midwest and West regions, with monthly sales spiking by 47.4% and 21.5%, respectively. The burgeoning new-home market directly results from the limited inventory of existing homes. Additionally, the enticing sales incentives provided by many builders, such as price reductions and mortgage rate buydowns, are steering prospective homebuyers towards considering new construction for their next home purchase.

In the period spanning from September 2022 to August 2023, Pending Sales in the Charlotte region witnessed an overall decline of 20.8%. Among various price ranges, the $500,001 and Above range showed the smallest decline in sales at 12.4%.

The Median Sales Price across the board saw an overall increase of 3.4% to reach $379,000. Notably, the Condominium segment experienced the most significant price gain, with an 8.8% increase, bringing prices to an average of $357,445. In terms of speed of sales, homes priced at $200,000 and Below were the quickest to sell, typically taking 31 days. On the other hand, homes in the $500,001 and Above range tended to remain on the market for a longer duration, averaging 38 days.

Looking at the market as a whole, inventory levels witnessed a substantial decrease of 27.3%. Specifically, the Condominium segment fared relatively better, with a 16.9% reduction in inventory. This translates to a supply of 1.5 months for Single-Family homes, 1.1 months for Townhomes, and 1.4 months for Condos.

If you are interested to get housing market update on specific areas in Charlotte please PM me

@Ofir R. Hallo Ofir, Ich habe angefangen in 2008 Immobilien in den USA zu kaufen und dann zu vermieten. Heute lebe ich hier in den USA vollzeit und arbeite als Makler in SC & NC. Ich Arbeite mit einer Bank zusammen die schon vielen geholfen hatte einen Kredit hier in den USA zu bekommen.

Foreign National
No Foreign or U.S. credit needed

Up to 70% LTV

This mortgage product is for foreign nationals wanting to purchase or refinance a home in the United States. This is a DSCR program with a 1:1 ratio on cash flow. This means that this loan is incredibly easy to do – no income or U.S. credit required to qualify.

Minimum loan amount of $75,000
Maximum loan amount of $1.5 million
A DSCR program with a 1:1 ratio on cash flow
Assets sourced and seasoned for 60 days - must be in a U.S. FDIC insured bank for a minimum of 30 days
12 months reserves required
Closing in a U.S. LLC entity is permitted
ACH auto-payment is required
No sanction listed countries allowed and will not lend in Osceola County
Cannot reside in the United States
Must have an eligible Visa: B-1, B-2, H-2, H-3, I, J-1, J-2, O-2, P1, P2
No gift funds allowed
Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained
 

Zillow Rental Manager an easy-to-use tool for landlord's to list rental properties, screen tenants, and create leases and payments! For me it's most important to have every property on one App that's for Real Estate! Google how many Paypal accounts got Frosen for no reason.