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Results (10,000+)
Lisa Fondant Jerry Norton programs ($10k finder fee - Powerflipper)
10 December 2024 | 104 replies
No biggie my bank sent me the fraud alert and I had them block the charge.
Bruce Schussler To cash-out refinance -or- keep positive cash-flow on a rental
21 November 2024 | 1 reply
Quote from @Bruce Schussler: A lot of Podcasts and Youtuber's say to cash-out refinance to keep rents balanced with payment; (PITI) then use those funds strategically to re-invest either in more real estate or just put into a high interest bearing account or money market account...Here's some of my thoughts and comparisons;Cash-out refinance with new loan so rents balance with payment:- The cash-out refinance is 100% tax free- The funds can be put into a money-market account off-setting a portion of the interest charge of loan- The loan balance gets eventually destroyed by inflation- The liquid cash eventually gets destroyed by inflation - The interest on the new loan can be deducted from the rent income- The refinance costs are 3-4% of the total- There is less equity in the property and LLC that can be attached in case of a lawsuit- The break-even on cash-out refinance with current interest costs on the new loan is around 12 years Vs.Paid-off property with positive cash flow:- The positive rent income is 100% taxable minus only depreciation and property tax- There is more equity in the property and LLC that can be attached with a lawsuit- The break even is not until after 12 years at today's interest rates- There is a rate risk in today's inflationary environment where interest rates on bonds keep rising*It appears to me that the cash-out refi is in the best interest for a property investor; (Dave Ramsey would strongly disagree!)
Tisa Grimes LLC Real estate
28 November 2024 | 1 reply
If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.
Alex Collins 2025 1st Quarter 1st REI!!!
4 December 2024 | 9 replies
Talk to a few local banks and get preapproved - the best financing will be for properties you choose to occupy, so I'd recommend getting something with at least two units.
Ilya G. Using cross-collateralization as a method of down payment
28 November 2024 | 10 replies
It seems like a good strategy but would appreciate any advice and if anyone worked with banks/lenders that provide a service like that.Thank you in advance! 
Michael Perreira Mid-Term rental companies
1 December 2024 | 5 replies
I agree with @Jamie Banks that, while it takes time, its best to develop these relationships organically.
Don Underwood 2-1/2 acres of raw land
29 November 2024 | 0 replies
75% bank financing.
Brandon Morgan payment methods for tenants
28 November 2024 | 15 replies
Go to your bank and they can provide you with instructions.
Michael L. Heloc on a primary
30 November 2024 | 6 replies
Michael, Every bank has different rules.
Michael Williams Mortgage Note Syndicator Not Communicating
23 November 2024 | 26 replies
Michael there may be opportunity either with the NH notes or the assets to which they are attached - do you want to explore me digging into this here in NH and potentially get you some of your funds back......?