If you are asking your friend for $ to buy real estate... that is pathetic. Get rid of any friend who acts like this. This is a desperate scammer mentality & the mindset of people who have no idea what they are doing. Red flags everywhere.
Well there may be quite a few surprises if you're starting with a Zillow value. If it's based on closed sales and you're in a market where sales are depressed, it's likely not a true value because sales are not actually closing at those levels. Also make sure your comps are not new homes listed by builders because they do a lot of secret deductions like free floors and buy down on mortgages that actually keep the true price hidden from the statistics. Finally, the closed sales are lagging, so if you're in a market where people are starting to reduce prices, the lag number may be very misleading. Make sure you're not starting at at too high. ARV or you will affect if you will be able to refinance your loan.
When you go to the real estate investing meetups, there are usually contractors there, but I recommend talking to investors at those meetups that are already doing deals and see who they are using for their contractors. Referrals are the best
@@StefanieKebede Do you have any resources for those of us who wouldn't know how much the cost of rehab would be without getting a contractor's estimate prior to making the offer (i.e. in your example you'd estimated $40K as the cost for rehab)? Great content here - thank you so much for sharing it!
@StefanieKebede funny I feel like qw have opposite issues. PMLs have not been easy to find for me and a sustainable rental strategy(s) has not been easy for you. Maybe we should trade tactics and strategies
What banks are you working with that give you money when you have negative credit I've had a perfect credit score and banks wouldn't give me money with a perfect job and when trying to purchase a property being lied to by realtors and than realtor buy property as they cut us out of contract early to steal the deal
Skip tracing works well too to find the owner of property or just go to the city.
If you are asking your friend for $ to buy real estate... that is pathetic. Get rid of any friend who acts like this. This is a desperate scammer mentality & the mindset of people who have no idea what they are doing. Red flags everywhere.
depends on the "friend" i know ppl who are better than so called family.
Thanks a lot. Very clear and concise
You are a genius 😂
Private money lenders a are very risky
Well there may be quite a few surprises if you're starting with a Zillow value. If it's based on closed sales and you're in a market where sales are depressed, it's likely not a true value because sales are not actually closing at those levels. Also make sure your comps are not new homes listed by builders because they do a lot of secret deductions like free floors and buy down on mortgages that actually keep the true price hidden from the statistics. Finally, the closed sales are lagging, so if you're in a market where people are starting to reduce prices, the lag number may be very misleading. Make sure you're not starting at at too high. ARV or you will affect if you will be able to refinance your loan.
Thank you for sharing.
Thanks for sharing this information.
Most definitely :)
Thanks for sharing!
Thanks for sharing
Most definitely!
Omg you said no money
tell me where u buy and how u know in future the location won't go down ? . also what if your interest goes boom up with today's economy ?? .
And when and if you want to sell a property fast you get hit with loan penalties how you get around this
Buying property is investing, and a big part of investing is risk management. This is what's missing
How do you know who is a good person/company for fixing
When you go to the real estate investing meetups, there are usually contractors there, but I recommend talking to investors at those meetups that are already doing deals and see who they are using for their contractors. Referrals are the best
@@StefanieKebede Do you have any resources for those of us who wouldn't know how much the cost of rehab would be without getting a contractor's estimate prior to making the offer (i.e. in your example you'd estimated $40K as the cost for rehab)? Great content here - thank you so much for sharing it!
@@soundslikeolive I don't currently at the moment, but that is something I definitely can create. Thank you!
Hi. What market are buying in?
Finding a PML is a full time job in and of itself
That's not hard. You just have to be open to networking and getting yourself out there
@StefanieKebede funny I feel like qw have opposite issues. PMLs have not been easy to find for me and a sustainable rental strategy(s) has not been easy for you. Maybe we should trade tactics and strategies
What banks are you working with that give you money when you have negative credit I've had a perfect credit score and banks wouldn't give me money with a perfect job and when trying to purchase a property being lied to by realtors and than realtor buy property as they cut us out of contract early to steal the deal
Dope!
So just call homeowners that you are not even sure if they are selling?
Yup
Like the video but using credit cards are a bad idea. You basically need money!!!
What local credit union do you use?
We use Hershey Federal Credit Union in our area
Thanks! Where have you been!❤
Thanks for the support! Been busy with scaling my investment company
Dam youre cute the glasses the pig tails 😍
🔥🔥🔥
Jegna.
And you too can be on the fast track to bankruptcy 😅
Thank you for sharing