I'm completely new to everything here but this video you made with so much valuable information is beyond amazing - omg! Thank you for the detail and walking us through
I got laughed at when I started trading. I was burnt out, needed a change, also wasn't expecting to be laughed out of the office when I mentioned my interest in investing in the stock market. Well, a few years later and $5.3 million in savings, I'm the one laughing now. Friends now want to know exactly what my i do to earn well I advise everyone to start trading in the stock market today for a better tomorrow that’s all I can say,thanks to Mr carlos @carlos_1uptrades on instagram. I’m making a living trading forex.
Just started investing about 5 months ago. I am about to start my 5th project and I just found your channel and let me tell ya...DUDE this helps me sooo much! I truly needed this because I am going out on my own soon and wont have the partnership and I will now be studying you channel a bunch now!
Good stuff bro! I'm in construction and been prepping the family so we could get in the game when the time was right. My family blessed me with a trade and I feel blessed that I will have the opportunity to involve them on this journey. Thanks for doing what you do.
I'm completely new (I have no prior experience in real estate) to the game or store. I've been watching a lot of videos on real estate investing and reading books from my local library. I live in a rural area in northeast Ohio ( Ashtabula County). This video was very informative. Gave me a good understanding of what hard money lending is and what a hard money lender is looking for. Thank you for the video. Blessings 🎊 🙌 🎊 🙌 🎊 Cynthia😀👋👋
Great info! Looking to start flipping homes with my husband since he does remodeling for a living & this video provided great info. Now to find hard money lenders😊
I love the on-site, practical videos, Kris! One question: Other than the fact that they want someone who is a serious professional, why would the lenders insist on only lending to an LLC rather than to an individual? How does this protect the lenders?
You’re in the same area! I’m looking to do my first deal! This gave me some confidence and good insight. I am looking for hard lenders and I definitely appreciate this video!
#1. Awesome episode 2. Lovin' the new intro-so crisp & cool! 3. Totally Appreciate You & Your Channel So Much! 4. Maybe you can add a cursive chart to the ABC chart on the wall. Kids can't even sign their own name to a contract legally these days because school does not teach cursive(!). smh-what is the purpose of school nowadays?
Hey round up fam!! How do I structure my llc to utilize their strengths. IE .. my husband and his flips experience but my aunt with the stronger credit profile
@@krishaskins Ok I guess I was trying to ask when it comes to the hml will they be ok with running x's credit while considering z's experience. All under our LLC. Hopefully i'm conveying my thoughts a bit clearer. And thank you a bunch for your reply.
@@krishaskins Understood! Thank you brotha! I have another question, when setting up an LLC for REI, specifically for HMLs, will a PO box address or a virtual address suffice, in the eyes of HMLs, in terms of legitimacy. I know conventional lenders, and banks look at this, specifically banks that give business credit, look at this heavily, to determine if your entity is "legitimate" or not. Just wanted to know if this is the same for HMLers. Furthermore, virtual phone number? or business cell phone required for contact? Lastly, How long do proof of funds (POF) need to be in a business bank account, before the HMLer feels comfortable to give out the loan? 3 months or 6 months? and does your D&B number have to be at a minimum score? or does credit even get looked at? Seems like from what I heard in the video, it's a matter of, 1) if the deal is a "green light" for both the investor and the HML (positive return and little to no risk). I'm new to HML and investing in RE in general, and I see some overlap, between this and business credit. I am asking because I'm ready to pull the trigger on not only one but two rentals, as I have 20% savings, down payment for both, but may need funds for light cosmetic rehab, no more than 10k for both properties. I have an additionally 10k, or 5k for each property for emergencies, but the rehab cost I may need a lil somethin somethin. This will be my first time ever investing, and it will be OOS, as my local market I am priced out of. Thanks in advance Kris.
This is a great Q, this will be our QOTD for next week....👉Make sure you join our email list so you don't miss any exclusive trainings, events or Questions of the DAY: aw8d9fb.aweb.page/p/6cca7548-b8c4-4a7e-a6b6-9cdc9b706c48
How did this Flip turn out?...Also I had a Conversation with a Billionaire Hard money lender, Im looking for answers on how to present a great deal to him.he was asking for 35-65% LTV
Just viewing this. In deals where the property has not been purchased, there usually isn't time to get layouts drafted before involving the lender. It works out if the property has already been acquired. But what considerations are dealt with in the former situation?
I'm not sure if I'd say that. What I've learned over time, we have to make decisions that may or may not pan out. We get started on drawings even if we never close. We order surveys the same way. It's a risk we take. I want as many drawings complete b4 we buy it because they take time. If the prop is occupied, you may need access to get inside bit u still get them done b4 closing. Good points here.
@@krishaskins yours is a more time sensitive approach. I like it a lot. I've never done a renovation quite in this way. My goal is 1-2 every year now. I find abandoned properties just by driving the neighborhood. I contact the owner about my desire to purchase. If they are interested I have the property inspected, then I purchase. Afterwards I work with contractors to determine exactly what design elements will work. My goal isn't speed since I have a career. This allows me to do very slow renovations. So far, I've been able to do this an rent the property afterwards. Yes, it's slow. But it's WAY less stressful and involved. I basically GC everything myself to ensure all my permits are handled correctly. Baltimore contractors are "special" people. If I ever want to do it like a pro, I'll need to use your playbook ;)
@@dkbullock4871 I like your strategy! Are you willing to connect with me? I also work full time and I love my job. But I want desperately to figure out a realistic to incorporate real estate as my side hustle
