21 March 2025 | 8 replies
We hear many real estate investors assuming that their new portfolio of STRs is setting them up nicely for Real Estate Professional Status and thus will help convert their portfolio of long term rentals to nonpassive.
21 March 2025 | 21 replies
I'm new here and about to dive into my first real estate investment.
23 March 2025 | 9 replies
That's real money that you are keeping in your pocket each and every month.
21 March 2025 | 10 replies
Quote from @Magnus Wikström: Hi everyone,Does anyone know of a website that lists business lenders, kind of what lendersa does for real estate hard money lenders?
18 March 2025 | 3 replies
If you can’t get a traditional commercial loan, SBA would be a good choice.
21 March 2025 | 7 replies
Hi Jamal,It's impressive that you're starting your real estate investing journey early!
20 March 2025 | 32 replies
If you are looking at commercial data, I'd suggest Costar and Reonomy.
22 March 2025 | 2 replies
Pros:Easier Qualification: Sellers may have more flexible criteria than traditional lenders.Flexible Terms: You can negotiate down payments, interest rates, and repayment schedules.Lower Closing Costs: Bypassing traditional lenders can reduce fees.Cons:Higher Interest Rates: Sellers might charge more to offset their risk.Shorter Repayment Terms: Loans may have shorter durations, leading to larger monthly payments or balloon payments.Due-on-Sale Clause: If the seller's mortgage has this clause, the lender could demand full repayment upon sale.Considerations:Legal Review: Have a real estate attorney examine the contract to ensure clarity on all terms.Property Title: Ensure the title is clear of liens and encumbrances.Down Payment: Be prepared for a substantial upfront payment, as sellers often require this to mitigate their risk.Default Consequences: Understand the repercussions if you can't meet the payment terms.
22 March 2025 | 4 replies
Trying to get our real-estate portfolio growing and tired of renting!
21 March 2025 | 6 replies
My personal experience after 40 + years in the real estate industry is that “wholesaling” is a very INEFFICIENT AND INEFFECTIVE way to gain knowledge and experience relative to real estate.