All Forum Posts by: Adam T. Veitenheimer

I literally just picked up a small loan with a crowd funding group a few days ago. They do max out their loan at $40k, at least for me. So not sure how effective that would be, but I do appreciate the advice.

 could you elaborate on what you specifically tell the owner the benefit to owner financing? It would be very educational.

Nicole, thank you for the reply,

 I understand that those ideas work and do apologize as I was not specific enough. I was meaning more along the lines of new clients (investors) on a regular bi-weekly basis have needs in areas that I can not get to within reasonable amount of time. I was looking for other sources of information to be able to procure high quality investment opportunities at a higher rate then what I am currently able to do. Some months I could see up to 10 new investors with different needs as well as different areas of my state.

As far as for personal searching I do understand the networking aspect and appreciate you getting into detail for me. 

Thanks Again!

Being a realtor I check the MLS often looking for that great deal for myself or one of my investor clients in the New Jersey markets. No matter what I change the search info. to I can not find multi. units for less then 140k and that's the lowest, more so in the 200k range. I see that investors on this site often find themselves 80-90k 4 units buildings worth well over 140k making them absoultly beautiful deals to be involved in. Is this just certain areas of the country, one in a million shots or are there other ways to find these?

Appreciate any input.

 I do agree. Like I had stated the past few years we were trying to get the most for our buck to expand the business itself, prior to having the investment property mindset and more of a business investor mindset. This year all that will be changing, but I am hoping that in the mean time a stated income loan should be able to provide us with a way out of this current situation. Thanks for the advice!

 Aaron thank you for the advice as well, I wasn't aware you could get lines of credit for that much. I would love to learn more about your experiences with this more so how you started or where you were personally when you initially started using these lines of credit.

I had no idea about these types of loans, after some research I'm a bit frustrated I didn't learn about these loan types sooner in life. Wow thank you very much for the information.

 I appreciate the detailed answer. Our problem has been for years that we write off far too much so our 45 k a year looks like 22 k a year for the past two years. But this was all pre- investing mind set, we now realize our type of small business will never get us to where we want to be. That's why I was curious if there was any pre tax self employed programs we could use for a mortgage search.

I am looking for advice on the best way to go about my situation to purchase my first multiplex. I am self employed in an industry that tends to sway each month drastically and is directly effected by the economy.

My business has been open for about 5 years now. On the books I don't show substantial income due to write offs.  All my employees are 1099 contractors and their percentage changes by the time of year. My question is what materials should I bring to a mortgage broker in order to show that my income is much higher then my taxable income in order to sway this in my favor? P & L? Pre Tax? Monthly Books?

The property would be owner occupy most likely FHA in the $250,000 range.

If I am missing any information I apologize, it's been a busy week... Thanks in Advance

 Sage advice about the offerings. Now would you still go about this the same way if you are not flipping but more sit and hold style? Or is this a standard way to go about offering on foreclosures? Reason I'm asking is because so many people that I have spoken with have their own way of going about this.