NON QM Account Executive,
If you don't own a home buy one. If you own a home, buy another one. If you own two homes buy a third one. And lend relatives the money to buy a home!
Home investment is the smartest move we all can make. Help those around you make their dreams too.
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South End Capital » Fast SBA Loans | Best Equipment Financing South End Capital was founded in 2009 and is a division of Stearns Bank N.A., a $2.2 billion institution. Our innovative direct lending and comprehensive marketplace financing delivers a full spectrum of capital solutions for emerging and expanding businesses. A tech-powered platform and premier cus...
Good morning all. If your looking for business financing.. great rates and quick. These guys were great to work with. We got are answers fast. And the application process is all online
https://southendcapital.com/?rp=RP019547&fbclid=IwAR1pZ7UGT5Kcv-dXWle3JamkMVNwy77wCOUygNNEDA9U1TIMOJvAaYdWyH8
South End Capital » Fast SBA Loans | Best Equipment Financing South End Capital was founded in 2009 and is a division of Stearns Bank N.A., a $2.2 billion institution. Our innovative direct lending and comprehensive marketplace financing delivers a full spectrum of capital solutions for emerging and expanding businesses. A tech-powered platform and premier cus...
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Wholesaling part 3....
If it was easy. We would all be doing it.
There is always a risk/reward in every act of making money.
Here, you have to do the work of finding the property. Then you have to negotiate a contract with the owner. Then you have to find a buyer. So, it will take time to find the properties, and then get someone to work with you this way. and then, you need to find the buyer. So for a lot of you. Time and the need for money is the risk. if your trying to make money quick. in the begging it will take alot of time. so now you see the risk reward.
Wholesale continued...
Here's how the wholesale real estate process generally works:
Property Sourcing: The wholesaler identifies distressed or undervalued properties that have the potential to be profitable investments. These properties are often in need of repairs, have motivated sellers, or are in foreclosure.
Contract Negotiation: The wholesaler negotiates with the property owner to secure the property under contract at a price significantly below its market value. This is crucial to ensure there's enough room to make a profit when selling to another investor.
Assigning the Contract: Instead of purchasing the property themselves, the wholesaler assigns the rights of the contract to another real estate investor. This assignment allows the investor to step into the original wholesaler's position and buy the property under the agreed-upon terms.
Selling to Investors: The wholesaler then finds a buyer, typically another real estate investor, who is interested in purchasing the property. The wholesaler sells the property to this investor at a slightly higher price than the original contract, making a profit in the process.
Closing the Deal: The closing process involves finalizing the paperwork and transferring ownership of the property from the original owner to the investor who is purchasing it.
The primary advantage of wholesale real estate is that it requires relatively little upfront capital, as the wholesaler does not actually purchase and renovate the property. Instead, they act as intermediaries connecting motivated sellers with real estate investors looking for good deals. However, wholesaling requires strong negotiation skills, an understanding of the local real estate market, and the ability to find deeply discounted properties.
It's essential for wholesale real estate investors to have a network of potential buyers and a good understanding of property values to be successful in this investment strategy. Additionally, local regulations and contract laws may vary, so it's crucial for investors to be aware of the legalities and regulations related to wholesaling in their area.
What is Wholesale stacking? And how it works?
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Don't pay to find out how to wholesale!
Foreign Nationals ca buy Apartments too.
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Buying your first Apartment!!! and things to keep in mind.
Location: The location of the apartment complex is one of the most critical factors in real estate. Look for properties in areas with strong demand for rental housing, such as near universities, major employers, public transportation, or in growing neighborhoods.
Property Condition: Assess the condition of the apartment complex thoroughly. Consider the age of the building, the condition of the units, common areas, and the overall maintenance. Budget for any necessary repairs or renovations.
Rental Income Potential: Analyze the rental income potential of the property. Research the market rents in the area and compare them with the current rents at the complex. Ensure there is room for rent increases over time.
Expenses and Operating Costs: Evaluate the property's operating expenses, including property taxes, insurance, utilities, maintenance, property management fees, and any other relevant costs. Ensure the Net Operating Income (NOI) is sufficient to cover expenses and provide a reasonable return on investment.
Occupancy Rates: Check the historical occupancy rates of the property. A high occupancy rate indicates strong demand and tenant satisfaction.
Cash Flow: Consider the cash flow potential of the property. Positive cash flow (where rental income exceeds expenses and debt service) is essential for a sustainable investment.
Potential for Appreciation: Look for properties in areas with strong potential for property value appreciation over time. Real estate in growing or improving neighborhoods tends to appreciate more.
Property Management: Determine if you'll manage the property yourself or hire a property management company. If you plan to use a property management company, research their track record and fees.
Financing Options: Explore financing options and calculate the debt service coverage ratio (DSCR) to ensure you can comfortably manage the debt.
Future Development or Zoning Changes: Be aware of any potential future developments or zoning changes in the area that could affect the property's value or rental demand.
Legal and Regulatory Considerations: Familiarize yourself with local laws and regulations related to rental properties. Ensure the property is compliant with all codes and safety standards.
Due Diligence: Conduct thorough due diligence, including property inspections, financial analysis, and reviewing all relevant documents before finalizing the purchase.
Exit Strategy: Have a clear exit strategy in mind, whether it's long-term hold, value-add, or selling after a certain period.
Don't get scammed.
* Never pay fee for someones services, prior to loan commitment
Once you recieve disclosures from the lender. Only then do you order and pay for the appraisal. Maybe a credit report. But nothing else. Prior to getting the disclosures from the Lender. Lender. Not the Loan officer.
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