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29 November 2024 | 7 replies
Hello, name is Caiden Mooney. I grew up in Erie, PA but I am currently an officer in the Army stationed at Fort Stewart which is near Savannah, Georgia. I received a bachelors degree from Mercyhurst University and hav...
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25 November 2024 | 10 replies
Hi Christopher, Personally i have had great experience, have had great tenants and aim to have S8 in my properties. have a handful of people continuously reaching out looking for homes - so at the moment i am just seeking more deals. if you have any more questions feel free to reach out to me at 786-925-2355
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30 November 2024 | 10 replies
Congrats on pursuing agency and seeking working with the investor crowd!
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28 November 2024 | 5 replies
Rate will depend mainly on the structure I just went over, your FICO and the length of the prepayment penalty.
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2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.
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26 November 2024 | 13 replies
Accurate withholding is essential to avoid penalties while optimizing these strategies.This post does not create a CPA-Client relationship.
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26 November 2024 | 3 replies
Newly created companies after January 1, 2024, must register within 90 days.There are significant penalties for missing filing deadlines.
27 November 2024 | 7 replies
Hey everyone,
I’m almost 30 years old and paralyzed from the neck down, living in New Hampshire. I rely on personal care assistants (PCAs) for daily help, which are fortunately covered by government benefits. However...
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30 November 2024 | 2 replies
.• No entity to close in: Though an LLC/entity is not a must-have, it's a nice-to-have prior to seeking financing.
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7 December 2024 | 150 replies
I was under the impression that the home needed to be auctioned, and any profit over and above the value of the note, penalties and legal fees was owed back to the borrower.