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18 January 2025 | 5 replies
I would definitely check Dunn and Bradstreet for any open lines of credit, liens, judgements and the like.
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7 January 2025 | 8 replies
They often also require appraisals and additional hurtles.
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11 January 2025 | 7 replies
The loan will be on the additional collateral you created.
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21 January 2025 | 8 replies
If I were to do a traditional VA loan, the loan would be close to 7%.Below are what I understand to be the numbers so far:Seller purchased the property in DEC 2022 for $1.13M (owned for 2yrs)Current estimates are Zillow= $1.26M/ Redfin=$1.323MOur agreed purchase price is $1.25MSeller financing would be $120k @ 8% for 3yrs.No commission cost.Small percentage of fees/ costs in the tune of 1.5% of loan amount.Let me know what you think and if you need any additional info.
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16 January 2025 | 2 replies
Some carriers won't allow insured to be a trust, so in that case do it in your company name with trust as additional insured.
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15 January 2025 | 2 replies
Does anyone know of a calculator where I can plug in the additional yearly pay down along with the appreciation rate of my area?
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30 January 2025 | 56 replies
Additionally, make sure you’re familiar with local property laws and any regulations that could impact your investment.I agree with @Jason Wray that you can easily find a cash flowing deal under 200k.
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15 January 2025 | 15 replies
Thanks for any additional input you have time to put forth.
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23 January 2025 | 15 replies
They always make sure to have line(s) of credit to get them through challenging periods.
12 January 2025 | 10 replies
A business line of credit through your LLC protects personal assets, builds business credit, and may allow interest deductions, but it might be harder to secure for a new LLC.