All Forum Posts by: Marie M.

This is great.  I plan to share with my spouse, it's cool to see the hustle 

Have you had a partner in any of your work so far? 

I am removing PMI from a property. I have done this many times in the past. I would like to leave some notes for myself and info on this topic for the next time I or someone else on my team does it, along with a hundred other tasks.
What are some great SOPs/checklists for real estate business processes? 

Our main company has always used spreadsheets and word processors in a shared data hosting system but there must be some cool apps that make this more fun and easy. 

You might consider becoming a partner and acting as the money combined with someone else's experience and sweat equity.  

A lot of people are looking for partners right now on both sides of a deal.  It's important for matches and alignment in what your both looking for and clear expectations in writing.  I have high hopes for my own future partnerships!

I have been wondering the same thing. I appreciate the anonymity of an LLC, and found many hard money lenders require the LLC. But later when refinancing, I am considering just keeping it in personal name. We are considering having a separate operating LLC for our real estate team for paying contractors, managers, etc, which would bill the property for it's services. Not sure the pros and cons on that but allows more separation on our services provided.

Monique is right-- I am experiencing the same.  It's because it's not seasoned, it should start showing as it receives the seasoning (reviews, bookings, etc) their algo requires.

I hear it happens based on the insurance policy change when it does happen.  It doesn't happen much and probably won't be a process lenders go through in a systemic search until we hit closer to double digit rates on those 2 and 3% loans. Looks like the fed has chosen inflation instead of more rate hikes for time being so should prevent that from becoming a reality. 

I would recommend looking at Cypress, I've used them on property just north of Lauderdale.  But overall, try to bundle this new insurance with other insurance you have with car and/or other properties.  That's how we've found the best discounts, especially dealing with FL rates recently that have, for some reason, SPIKED big time. Even though east coast hasn't been hammered since Andrew, I guess the recent west coast disaster has things way up for right now.  It won't last forever. 

 I resemble that!  Excellent response.  Pretty much nailed the issues, especially emotional attachments.  I would add, once you get to a 6-8 man team, sometimes growth stops because the owner doesn't want to hire a high level replacement of themselves, takes both time, energy, and financial leap.  That's why so many stop at that point (in business in general). I know these things because I've done them!  

Does anyone know of any no doc 2nd loans for SFR investment properties for accredited investors/high fico? Thanks in advance, worth a shot

Great replies-- thank you!  @Will Gaston We are now considering the HELOC option, it hadn't really occurred to me though I did one once long ago when I needed some cash flow. So thanks for the mention of it! 👍