Write something
Pinned
Oct '24 •
Read This If You’re New
Welcome To The Real Estate Investment Club where we teach you how to get unstuck and find your next deal in 30 days by leveraging talent, tools and technology to source deals and make money. STEP 1: Please introduce yourself by sharing: 1. Where You’re From 2. Experience level (New , 1-5, 6-10 or 10+ Deals) 3. Favorite Exit strategy - wholesaling, buying and holding, fix and flips, STR, etc 4. What’s Been Holding You Back? STEP 2: Click "Classroom" and open the "Getting Started" module. Watch these if you're new! STEP 3: Keep up with the Calendar and join the Zoom calls for deeper learning and networking STEP 4: After reaching level 2, you'll be given access to the resources we use daily to get started finding leads and making offers. Ground Rules: 1. Respect is Non-Negotiable - Engage with professionalism and courtesy at all times. - Disagreements are fine—disrespect is not. - No bullying, name-calling, or hostile behavior will be tolerated. 2. No Self-Promotion - This is not the place to pitch your services, programs, or products. - Do not post links to your business, funnels, or social profiles to generate leads. - Let your value speak louder than your pitch. 3. No Spamming - Do not message members unsolicited with offers, services, or promotions. - Violators will be removed immediately. 4. No Service Offers or Client Poaching - This is a learning and networking space, not a place to sell your consulting, funding, or design services. - If you’re here to “find clients,” you’re in the wrong room. 5. Add Value First. Always. - Ask thoughtful questions. Share insights. Celebrate wins. - The more value you give, the more you’ll grow. - This group is built on collaboration—not competition. By participating in this group, you agree to uphold these principles. Violations may result in removal without warning.
3d •
Investors: Your Appraisal Has an Expiration Date.
If you miss it, you can get trapped with one, miserable lender. An investor called me up this week with a deal that’s been dragging for 5 months. He got a solid appraisal and now wants to transfer it to a different lender. Here’s the problem: 🔺Lenders look at the original appraisal report date in order to accept a transfer 🔺You can *sometimes* get a Recertification of Value from the same appraiser 🔺That recert window typically runs 60–180 days from the original appraisal date, and it varies by lender 🔺Once you’re outside that window, many lenders will require a BRAND NEW appraisal What does this mean for you? 👉 Early on, you can still shop lenders and transfer the appraisal 👉 As the clock runs, you become effectively married to one lender 👉 Eventually, your options shrink or disappear, and switching means paying for a new appraisal and accepting whatever new value the market gives you If you’re planning a refinance, plan around: 🔴 Appraisal effective date 🔴 Lender’s recert / transfer policy 🔴 Your target close date That’s how you avoid getting trapped in a five-month file with no good options to get out.
0
0
5d •
“I haven’t invested in over 3 years but I own rental properties. I should count as an experienced investor… right?”
For most lenders, the answer is no. A borrower reached out this morning needing a refinance to cover an upcoming balloon. This was the first investment property they’d bought in 5+ years. They bought it with a hard money loan, rehabbed it, intended to flip it… and then it sat. Now it’s time to pivot, hence the refinance. Here’s the problem. Most lenders want to see recent investing experience within the last ⚠️36 months⚠️. So even though this borrower owns rentals, their older experience doesn’t “count” for a lot of lenders. Some would disqualify them without even looking at the property’s numbers. Thankfully, we’ve run into this before. We’re taking them to a lender that will: 👉 Qualify a borrower based on rentals they currently own 👉 Qualify a borrower if they own their primary residence In other words, they look at the full picture, not just a 36‑month window. If you’re coming back to investing after a long hiatus, keep this in mind when you’re shopping lenders. Old experience doesn’t always show up as “experience” on a lender’s matrix. A lot of this game is about who you know and which guidelines they actually use. For those of you who’ve taken a hiatus: ❓How long has it been since your last deal? ❓Have you ever been told you were “inexperienced” even though you own rentals? 👇Share your experience in the comments so others can learn from it P.S. If you’re worried this might be you soon, comment “INVESTOR” with how long it’s been since your last purchase, and I’ll reply with a few things to prep before you talk to lenders so you don’t get surprised at refi time.
0
0
10d •
Off market Multifamily Florida
5-Unit Multifamily – Opportunity Zone! 🔥 💲 $815,999 | Lauderdale Lakes, FL 🛏 9 Beds | 🛁 6 Baths | Pool? [Optional if applicable] ✅ Partially occupied, value-add upside ✅ 3 × 2BR/1BA | 1 × 2BR/2BA | 1 efficiency ✅ Separate electric meters, recent CapEx done (roof, electrical, plumbing) ✅ Tax Incentive Opportunity Zone Daniela 786-722-7753
0
0
11d •
“I NEED to get this done in 30 days. I have a balloon coming.”
A scaling investor came to us on a tight 30‑day deadline. If he didn’t refinance in time, the balloon payment was due. He’d already talked to a few “big name” lenders. Most of them were advertising that one story deal they closed in 30 days… But when you ask for their average turn time, it’s more like 35–45 days. That doesn’t work when the clock is ticking. So we went with a lender we’ve personally closed with, repeatedly, in under 30 days. And that’s exactly what happened here. We closed in under 30 days, balloon handled. Now we’re already looking at two more of his deals with the same 30‑day timeline. You need a lender whose normal process matches your deadline. Curious for the group: who here has a “30‑day” deal that turned into 45–60? What happened? If you’re currently in that situation, comment “30” with your rough dates (application submitted, close of escrow date) and we can walk through whether this is normal for your deal type or a lender issue.
0
0
1-30 of 270
powered by
skool.com/real-estate-30-days-challenge-5427
Achieving financial freedom and building wealth are easy if you know where to start.
Our #1 goal is accelerating your growth with real estate!
Suggested communities
Powered by