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12 November 2024 | 47 replies
Hopefully they will get caught and never steal peoples money againHi Sandy,I’m out $20K+ because of them, and as a self-employed single Mum of two teenaged girls, this is a huge blow.
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11 November 2024 | 12 replies
Given the size of the transactions generally offered on crowdfunding sites, there aren’t enough secondary trades large enough to make the economics work systematically (besides the regulatory constraints) for Broker/Dealers to be incentivized to help LPs to redeem their positions via a sale/transfer to a new investor before the end of the investment period.
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7 November 2024 | 12 replies
While we are both gainfully employed and have good income, our DTI (Debt to Income) is obviously incredibly skewed even though our properties cash flow.
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7 November 2024 | 0 replies
Its size and layout make it ideal for long-term cash flow, and the demand for updated housing in Drexel ensures strong tenant interest once improvements are completed.
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6 November 2024 | 9 replies
Unfortunately many lenders will see this as a red flag and may not take the risk to lend you the rest of the money even if you use stated income program or bank statement program but those are for self employed borrowers who have active income from their business but write off to many expenses that when filling their taxes their net income is really low or sometimes negative.
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7 November 2024 | 3 replies
@Elliot Angusone of the points of doing seller financing is to put less down, so putting $100K down on a deal of this size wouldn't make any sense.can you house hack instead?
4 November 2024 | 1 reply
**Verify Employment and Income Directly**: Since they might lack a U.S. credit score, contacting their employer directly can help verify their job status and salary.
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11 November 2024 | 20 replies
That's 3x the size of most Philly zip codes where real estate investors customarily buy investment properties.
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6 November 2024 | 5 replies
Instead of using your personal income, employment history and DTI to qualify, a lender would look at the income or potential income of the property to make sure it cash flows after taxes and insurance are accounted for.
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8 November 2024 | 19 replies
I would probably put a cap on the size of the tank.