
25 January 2025 | 13 replies
I just acquired one from a PM where they were charging a tenant a resident benefit package and a building protection plan.

27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.

20 January 2025 | 0 replies
Investment Info:Single-family residence buy & hold investment in Valdosta.

23 January 2025 | 7 replies
It's sometimes a little tougher to get one on an investment property vs. a primary residence but If you can get it I would strongly recommend looking into it.

23 January 2025 | 8 replies
It's a quirk that very few areas of the country have.Both the city and county have their own areas that have Section 8 residents, but the Housing Authorities that handle the programs are different.

12 January 2025 | 0 replies
Investment Info:Single-family residence other investment.

14 January 2025 | 23 replies
Equity stripping, or equity skimming, is a type of real estate fraud scheme.

21 January 2025 | 3 replies
My primary residence is an apartment I rent in Brooklyn NY.

25 January 2025 | 6 replies
I've finally found a property that could be a good fit for my primary residence- if I can get a good price on it.

9 January 2025 | 10 replies
Are you able to move into the property and make it your primary residence?