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23 August 2024 | 12 replies
These systems allow you to program which fuel source to use based on efficiency, automatically switching to the other source when needed.
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21 August 2024 | 3 replies
Hey BP community,For those into property flipping, there are transactional funding programs available that provide the necessary capital to buy and sell properties quickly.
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20 August 2024 | 2 replies
And he goes about doing this for a few decades then morphs into this note program and well when the notes cant pay interest the investors right away jump to he is a crook must be a fraud must be a ponzi etc etc..
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21 August 2024 | 8 replies
I graduated from their agribusiness program.
20 August 2024 | 16 replies
Appraisal transfers are pretty easy with the program I've got in mind.
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21 August 2024 | 73 replies
Unfortunately, there are also a few people who have popped up on BP trying to sell a crappy real estate-related program but fortunately the majority of the experienced investors on here don't fall under this category (plus the program spammers tend to get banned sooner or later).
20 August 2024 | 7 replies
There are also two solid downpayment assistance programs - one for Columbia specifically and one for anywhere in SC.
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21 August 2024 | 5 replies
Let's connect, I'd love to learn more about this project and determine if we have any programs that will fit on this or any other projects.
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20 August 2024 | 2 replies
There are definitely pros and cons to each so I figured I would just lay out a few benefits and personal thoughts: Small banks/brokerages:Pros:- Some regional knowledge of the market- Possibility of more creative lending guidelines with bank specific programs- Sometimes they have competitive rates for their areaCons: - weak balance sheet (more strict on some guidelines, no wiggle room, inability to be flexible or grant exceptions because they cannot afford to hold less than perfect loans)- Can't scale with clients to different markets- Usually limits exposure to individual investors (they don't want one investor to be too big of a portion of their balance sheet)- Lack of experience with multiple solutions (tend to have 2 or 3 loan products they sell and are too niche to provide tailored solutions)Large banks/brokerages:Pros:- Large compliance departments that understand individual market guidelines (typically each state has specific lending guidelines that augment the national baseline)- Ability to scale into multiple markets with same lender (licensed in many states)- Impossible for individual investors to "outgrow" a large bank's balance sheet (not concerned with one investor's concentration)- More lending solutions available for different scenarios- Often comparable or better rates given the game is volume basedCons:- Can be more difficult to get fast responses if the bank/brokerage does not have good follow up systems in place (or if the underwriting/processing staff gets overwhelmed)- Bad large banks can feel less like a relationship and more like a cog in a factory (less personal)Overall, I have worked from both and worked with both as a loan officer, branch manager, and as an investor/client myself.
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25 August 2024 | 61 replies
There are a lot of government programs to help people to get into $100k homes.