All Forum Posts by: Nick Edwards

@German E Franco a Non-QM mortgage is a loan for borrowers who don't quite fit into the A-Paper guidelines. Borrowers for these types of leans are qualified based on their ATR (Ability To Repay).There are different qualifying standards depending on the type of loan, is it Owner Occupied, Non Owner Occupied, or Foreign National? All of these will have different requirements to prove ATR. Each lender will have different guidelines/conditions they ask for to prove ATR. As always do your due diligence and go with the lender that best fits the goals you're trying to accomplish.

I am with a portfolio lender who specializes in Non-QM. Because we have our own capital, we have far less conditions than most lenders as well as a quicker close time. PM me for more detailed information on the programs we offer

Type of Business: Three High Volume Restaurants. The restaurants are a combination of Quick Service and sit-down.

Size of Restaurant: Each restaurant building is approximately 3,500 SF. All three have large parking lots. The real estate is also for sale.

Key Points:
• Family owned for 50 years.
• Combined Gross Sales over $7,400,000.
• $2,500,000 in Sellers Discretionary Earnings.
• Fully equipped restaurants, designed for high volume.
• The restaurants are in very good condition.
• Turn Key Business with a long history of steady cash flow.
• Restaurant Management in place.
• Great Brand recognition in the local communities.
• Excellent growth potential.

Asking Price:
The Restaurant businesses: $12,750,000
The Real Estate is being marketed by Jones, Lang, LaSalle.
The asking Price is $3,800,000
The combined Business and Real Estate asking price is: $16,550,000

hi Karen, congrats! I have a great attorney her office is downtown Greenville. message me and I'll get you in contact with her

congrats Jesse! get in touch with me I know a great inspector who services that area.

Welcome Brett! get in and get involved, read posts and comments, you'll find some gems in the comments as well as the forum posts. You cant beat watching the podcasts either.  you'll be doing your first flip in no time.

thanks everyone! Johnny let's make it happen. I'll shoot you an email soon

I'm meeting with a real estate attorney next week and I have a general idea of what I want to ask based on my needs but I'd like to crowdsource anyway..

any suggestions on questions to ask?

Hello BP community!

My name is Nick Edwards. I'm 26 years old. Currently working as an agent. I invest mainly in rental properties, but am open to any deal that makes money. I'm here to help in any way I can. Please feel free to reach out. Let's buy the upstate!