1 April 2020 | 2 replies
I requested a Redemption of my funds from fundrise back in January and they won't release them.Here is what they said:Fundrise Advisors, in our capacity as Manager of the eREITs and eFunds, has determined that it is necessary at this time to suspend the processing and fulfillment of redemption requests.While under normal market conditions, we seek to provide investors with the ability to redeem their investments on a regular basis, during times of financial crisis or extreme uncertainty, it is absolutely critical that we suspend redemptions in order to protect the interests of all our investors.As Manager, we have an obligation to make decisions based upon what is best for the entire Fundrise investor community and must always put the priorities of the whole above any one individual.Fundamentally, Fundrise investors own real property, which is simply not liquid.
23 March 2020 | 9 replies
At that point, I'd go back and look at the value of my property to determine why I can't sell it.
16 March 2020 | 6 replies
It does not matter what you purchase a property for as the value is determined by comps in the area.Most banks (local) can go to 75-80% of appraised value allowing you to cash out any existing capital in the deal.I believe i called 13 different community banks in my area before we found one that knew what i was referring too
14 March 2020 | 4 replies
However, there are also shared costs associated with running the LLC (bank interest, email hosting, accounting systems, property management systems, business liability insurance, business licenses, etc.).I have done forum and internet searches trying to determine the answer but have not come across anything of value.
19 March 2020 | 8 replies
Then however you structure with your nephew (ie. 50/50) will determine your return.
30 November 2020 | 435 replies
It's just a gulley is the mentality today.
15 March 2020 | 7 replies
If so, it should be fairly easy to pinpoint which costs increased and determine if the increases are reasonable.One common way for closing costs to increase is if the closing date changes.
17 March 2020 | 10 replies
If this is the case, I would feel more confident going back and asking for things, but as mentioned, it really comes down to the mental math of what gets the deal done and what do you think will kill the deal.
14 March 2020 | 3 replies
With your advice, I will look into determining which of the neighborhoods are better than others and check them out.
19 March 2020 | 4 replies
A loan that is Secured by a piece of Real Estate PropertyThe funds are generally issued by Private Investors or CompaniesThe Borrower will receive Funds based off of the Property being purchasedThis is considered an All Cash Offer and TransactionTypically, the Length of Loan is a 12 Month TermA Hard Money Lender is an asset-based lenderClosing Times are generally 14 days or lessFinding ways to use other people's money along with your own is essential in Real Estate Investing, that is, if you want to be successful.You are giving yourself the ability to invest in properties you normally would not have been able to, or would have had to wait substantially longer before doing so.Depending on your Real Estate Strategy, the number of houses you can purchase and Flip/Rehab in a given time period, will determine how successful you are.