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28 November 2024 | 2 replies
First, when calling banks target the smallest most community based banks you can first.
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20 November 2024 | 3 replies
@Sharad BagriI would open a bank account at a local bank or credit union that will lend on the properties you are buying.
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3 December 2024 | 6 replies
Most of my clients run their SFRs at a 25%-30% (excluding vacancy/credit loss) operating expense margin and most of the banks I deal with on their DSCR loans underwrite using 35%.
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17 December 2024 | 86 replies
Alternatively, there are high-yield online savings accounts like Marcus or others - the difference is that banks have some inherent risk, thus the FDIC insurance.
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2 December 2024 | 6 replies
I'll post updates here in case anyone wants to follow along.We syndicated in the states to fundraise enough for architectural renders, entitlement, legal, and to pay off the land. 1/4 of total funds required have been deposited in our bank account.Convinced a world-class architect to do luxury design for us.
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4 December 2024 | 31 replies
If you want to own a rental, buy one thats a 10 cap or higher with 20% down through commercial financing with a big bank.
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23 November 2024 | 15 replies
Bank will want that loan in your name.
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28 November 2024 | 5 replies
The bank I have used, Lyons National Bank, lends to me through my LLC.
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5 December 2024 | 34 replies
Do you have their banking info?
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2 December 2024 | 10 replies
The minimum down payment for a property in this price range would be roughly $27K.That said, you also need to account for bank closing costs, inspection costs, appraisal, attorney fee, and title costs.Your scenario may require a seller's concession to account for these additional expenses.Investing with $50K is totally possible in this market but your journey may be met by challenges i.e.