24 January 2020 | 11 replies
The comment about local agents sending him MLS data when you know he's way overpriced indicates that a) he is sure he's right and doesn't actually want your input (even if he says or even thinks he does), and b) he's getting poor counsel from other agents regarding how much expertise will be helpful to him - unless he has already spent years and years showing houses to buyers, hearing why those buyers will or won't buy the house, and analyzing MLS data to see why properties did or did not sell, in which case he has a good background.The FB questions verge on the odd side - I might check out a prospective tenant's or contractor's social media pages seeing as that's someone whose trustworthiness is going to directly affect my life, but the questions he asked about it sound like they're meant to tell you how smart he is (aka, how much he actually does not need you... to list a former FSBO... which is significantly overpriced... :)Good luck, would be curious to hear what you decide.
27 January 2020 | 53 replies
$4K on 4 units is poor cash flow (less than $100/month per unit)
25 January 2020 | 10 replies
For instance, in my market there are products and offerings that allow the borrower to get enough funding to cover the downpayment and closing costs.
24 January 2020 | 7 replies
Mostly these zero appreciation markets sell on poor pro forma that under represents the cost.
3 April 2020 | 7 replies
Any traditional product or commercial loan is going to want to see income.I own properties in that range and you can get financing.
27 January 2020 | 7 replies
Growing up poor in a house with no windows and dirt floors, I know how blessed and fortunate I am to have the opportunity to chase my dreams in this great country!
3 March 2020 | 26 replies
Former NYCer here - I used to run StreetEasy's product team.
26 January 2020 | 5 replies
I am open to most strategies, with a particular interest in the relatively new assisted living house model.I'd love to connect with anyone who likes to talk real estate investing, and find productive meet-ups anywhere in the local area.I'm Brad.
27 January 2020 | 7 replies
For a standard rehab/flip loan, does the loan product support a pure "asset based" approach?
27 January 2020 | 20 replies
I want to quickly start out with just a fast background, discovered Poor Dad, Rich Dad end of 2019, immediately hooked and mind set changed + blown of the opportunities in REI.