Laurieann Frazier-Duarte
Commercial real estate
21 January 2025 | 4 replies
If millenial homeowners can't even change their home's air filters, or snake a toilet, or change the oil in their car, that's guaranteed future business for HVAC companies, plumbers, mechanics, and those places all need a place to conduct business in.The commercial mortgage pricing software I use has somewhere around 50 different asset classes in it.
Avery Oblepias
Section 8 Tom Cruz
10 January 2025 | 22 replies
Never signed up for his program, but you don't really need his software to do section 8.
Yooni Choi
How to self-manage out-of-state property
25 January 2025 | 12 replies
Once they are leased, then you can take over from there.There are several software options if you want to self manage.
Dibyendu Mukherjee
Mortgage Tech User Research
12 January 2025 | 0 replies
Hello,I am a Software Engineer and a Real Estate Investor working on a tech product for the real estate mortgage brokers.
Sofiya Cherni
Montgomery County, MD non-refundable pet fee change start date
28 January 2025 | 11 replies
You can not do a pet deposit unless your security deposit is less then 1 months rent.
Susan K.
Q on deferred salary to a Solo 401K
30 January 2025 | 6 replies
Yes, as S-Corp owners receiving W-2 wages, employee deferrals to a Solo 401(k) are subject to FICA taxes (Social Security & Medicare).
Richy Johnson
need help structuring terms for a multi family or apartment complex
29 January 2025 | 5 replies
Quote from @Jaren Taylor: Quote from @Chris Mason: If you have the ability to market and raise money, then you secure the down payment, and do the normal commercial mortgage process.
Andy Wang
Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.
Brandon Morgan
is an LLC necessary?
27 January 2025 | 33 replies
The vast majority of lawsuits against Landlords are for wrongful eviction, security deposit disputes, and Fair Housing Violations.
Michael Williams
Best Tenant screening/managment app
12 January 2025 | 1 reply
Hello All,What app/Managment software have you found success with for taking applications and managing tenants?