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29 March 2024 | 17 replies
Each lender will have their own criteria but here are some tips for getting funding as an LLC…Lenders will often require these documents: Employer ID number (EIN)Your LLC’s operating agreement (the most important part is the list of owners and their percentage of ownership)Income documentation for the business which would include bank account informationInformation on any rental properties you may already haveThe personal income, debt, and credit information on each member of the LLCWhen you’re getting funding under an LLC, bear in mind that personal guarantees or credit checks will also be required.
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28 March 2024 | 5 replies
They are monitoring what I do with the money, in the sense that they’re withholding a certain percentage of funds and requiring me to have inspections done, etc., as a way of ensuring that I put it towards a renovation and not just walk away with it.
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28 March 2024 | 1 reply
A healthy percentage of higher density multi family properties are open to seller carry or owner financing.
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28 March 2024 | 10 replies
This means if both are delinquent, a total of up to six percentage points (6%) could be added to your existing loans [emphasis mine] until you have provided the proper documentation.We appreciate your business.
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27 March 2024 | 4 replies
Those deals are typically in the multi-million range and the loans are typically non-recourse which changes the profit at a lower percentage and it changes the risk as being non-recourse.
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27 March 2024 | 4 replies
I think family could have purchased for a small percentage under appraisal, even if balance owed was higher, if they wanted to keep it then sell it themselves.
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27 March 2024 | 2 replies
Census data - median household income, employment stats, bachelors degree percentages, crime, vacancy rates, appreciation2.
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26 March 2024 | 39 replies
I'm taking the most conservative percentages for all of my monthly reserves but I'm not budging on these because I'll never skimp on my numbers to make something work.
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26 March 2024 | 8 replies
Census data - median household income, employment stats, bachelors degree percentages, crime, vacancy rates, appreciation2.
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26 March 2024 | 0 replies
When just looking at a graph showing the percentage of houses institutional buyers have purchased in the last few years, it would seem that Elizabeth Warren and Greg Abbott are, if anything, understating the problem.Share of corporate buyers in the housing market (2000-2020) – Yahoo!