29 September 2021 | 30 replies
Traditionally, banks rely on the analysis of customer financial information from payment flows and accounting records.
24 September 2021 | 2 replies
(Monthly statements containing Financial items/M&R costs/GC Costs).
28 September 2021 | 1 reply
If a cash buyer wanted to put his property under with me (property newly renovated), could I flip it to a buyer with a traditional bank loan, or will the bank reject a whole sale contract?
28 September 2021 | 9 replies
They simply have slightly higher rates than what you would find traditionally.
16 October 2021 | 9 replies
It is not an earth shattering concept but often the foundational items are what make a good/bad decision or deal.
24 September 2021 | 3 replies
I don't have a traditional income (just started a digital company with international clients, and most of my equity is based on stocks), so I don't qualify for regular loans.
24 September 2021 | 2 replies
Also will have large ticket items or Capital Expenditures you will need to set money aside for to make repairs when the come due like the roof, siding, HVAC, and etc..Lastly the turn over process starts it all over again minus the loan and closing cost aspect.
27 September 2021 | 10 replies
If you have no money right now, I would recommend traditionally purchasing it from your Mom, put a small mortgage on it and get some cash back from the mortgage to keep on hand for reserves.Good luck on your journey and do not let this opportunity pass!
25 September 2021 | 1 reply
Beyond that, there are a couple of big ticket items like the roof which may need replaced, and the wiring because I'm not sure if it's got aluminum wiring or not.
3 October 2021 | 7 replies
Property management is a separate cost, and 10% is usually what I account for that.It has worked for me for properties that don’t need a roof or foundation (ie high capex items) at time of purchase.