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21 January 2025 | 18 replies
Once you hit a certain number of loans (check with your state dept of banking and finance or dept of business regulation), they might require you to have a license.
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25 January 2025 | 29 replies
However, you can't sell something unstable, with circular references, requiring human override, etc.But, if you stabilized it, the model loses efficiency.
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17 January 2025 | 22 replies
Finding these guys will require someone local or a lot of luck.
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12 January 2025 | 1 reply
Just make sure you do you research on Manufactured guide lines and requirements.
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29 January 2025 | 68 replies
Also, in order to get financing the lender wouldn’t allow SCI to dramatically overpay or they wouldn’t meet the debt service requirements.
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13 January 2025 | 15 replies
I'll add a few more things that can have a huge financial impact: required reserves, LTC (loan to cost), application or other upfront fees, and prepayment penalties.As a fellow flipper, I think it's important to have reserves, but they shouldn't be required as part of your funding.
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25 January 2025 | 25 replies
Bought 2 SFRs on the same lot that are zoned commercial (found on Crexi) for less than the price of a normal SFR because of the value add required (like kitchens and full baths, lol), but should BRRRR nicely based on the LTR and STR projections.
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14 January 2025 | 19 replies
I forget; it was payment processing related) that required me to have a website for the business.
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11 February 2025 | 25 replies
The problem with that is it'll be harder for the residents and the vendors to use the rentvine features as fewer people want to log in to a website from a smartphone.Also, it requires a lot of clicks/scrolling/opening new pages/tabs to get to where you want.
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24 January 2025 | 10 replies
It gives them a reinvestment option to complete the exchange and doesn't require active management.