PART 1: Chris Jameson just released a Hard Money informational podcast! This interview details the many misconceptions about hard money, and some new ways you can use it to get ahead! PART 2: Last week we sent out a survey. We asked you guys for some insight.A HUGE THANK YOU!! to everyone who sent in a reply. Here are the results!
So, you’ve bought and renovated a little house, and just listed it on the market. Your investment property is a 3/2 in a modest but upcoming neighborhood. A great starter home for a young family. You’ve done a good job - and the market is hot - so several offers come in quickly. One, as is typical, is a very low-ball, “as is” cash offer. Another is a little lower than you wanted to accept, and the buyer is prequalified for a conventional loan. And, a third offer comes in several thousand above the asking price! And these folks are also pre-approved - for a VA loan.
A Fix and Hold loan is ideal for the investor wanting to create a portfolio of rental properties. And so, with the dilemma of funding out of the way - with Freedom Private Money at the forefront - the rest of the process should be a breeze, right?
Not so fast. Being a successful landlord involves a lot more than collecting a bunch of money at the first of each month. Truthfully, to be a successful landlord you need successful tenants. What is a successful tenant? One that pays his rent on time, of course, but a whole lot more as well.