
13 January 2025 | 11 replies
Quote from @Jaycee Greene: Assuming you pay asking price, I'd estimate the down payment for something like that using a hard money loan (HML) would be around 40% of the purchase price and your monthly payment would be $2,600 with an interest rate in the low 7% range (probably need a 700+ credit score to get that).

20 January 2025 | 1 reply
Money for the down payments that comes in like an annuity either from your W2 efforts or from owning another business.

24 January 2025 | 5 replies
Getting this cleaned up now would push my credit score over 800+ and eliminate nearly $3k per month in revolving debt payments and bring me quite a bit of peace.

14 January 2025 | 23 replies
Some gurus tell practicioners of sub-to to hide transaction from the lender by saying the lender doesn't care as long as the payments are being made.

10 February 2025 | 29 replies
The group now has 30 members with discussion around negligence, mishandling of funds, fraud, and residual damages.On 6/26 my attorney sent a demand letter to Jeff Swiecicki requesting immediate payment of the balance owed.As of 6/30 Jeff Swiecicki has refused to pay back rightfully owed funds and refers us back to his 6/4 email to wait 90 days.

27 January 2025 | 35 replies
Understanding the intricacies of the area they’re building in is crucial, as it reflects their intentional selection process.

17 January 2025 | 28 replies
Some of the discounts are good, but just be aware that you will be paying a payment processing fee on top of the discounts.

21 January 2025 | 8 replies
say you find a solid property in a low cost market for $200K and you buy it.between down payment, closing costs, rent ready / spruce up costs, and lease-up costs, you're probably going to need at least 50-65K in cash.

16 January 2025 | 2 replies
The two existing LTR units (on my family’s property) were built 5–8 years ago at a cost of about $80,000 per unit, so I’m estimating a 20% increase in costs for the new builds.My plan is to use the equity in the land as the down payment for the construction loan, which I expect will make closing costs the primary upfront expense.

24 January 2025 | 8 replies
I guess my question is this: is the very low cash flow (due to my low down-payment and high interest) going to improve?