Michael Williams
Mortgage Note Syndicator Not Communicating
23 November 2024 | 26 replies
I can look into the assets the notes are attached to, to see if they're in decent shape or even exist if you like...... hope you're able to navigate through this dilemma!
Nicholas Cavato
FHA vs Conventional with LLC involved
23 November 2024 | 15 replies
There's a nexus of factors tied to the LLC lending question worth noting.Typically we use a specific type of private business-purpose note that enables LLC lending.Other benefits of this note include: No Income Verification, No Credit Reporting, LLC Liability and Privacy protection, Unlimited Number of Loans, Far Less Documentation,... many obvious and non-obvious reasons savvy investors run this route.These notes are also competitive with FHA/VA/Conventional interest rates; however a 15-20% minimum down payment is required.Happy to help you cover the bases.
Karl Kauper
Evictions in Worcester, Massachusetts Area
20 November 2024 | 8 replies
If we do everything correctly and we screen carefully (credit check, employment verification, etc.), what would be the worst-case scenario?
Fahima Hilal
Problem with architect
22 November 2024 | 24 replies
And this architect is not cheap -we had to go to to him after paying another architect, just because the town asked to.
Carlos Ptriawan
Don't become passive investors
1 December 2024 | 91 replies
I never invested in syndication myself, so I can not speak to the GP’s experience, net worth, etc. if I ever invested in a syndication in the future, I would like to know that the GP has personal net worth of a minimum of 50M, with verification from successful REI.
Account Closed
Tenants are escalating mold situation
19 November 2024 | 15 replies
If they are VERY professional, they will have their processes in writing as verification that policies are enforced equally and fairly by their entire staff.6.
Matt Durik
Ideas on best company to do background checks on prospective tenants
14 November 2024 | 6 replies
This screening includes the following reports:Credit ReportFelony Convictions ReportEviction ReportWe can also provide additional screening services such as the ones listed below:Employment Verification ReportPersonal Reference Verification If you contact her.
Matthew Barbaccia
Applying for a HELOC with an investor friendly institution
15 November 2024 | 2 replies
For HELOCs without W2 income, look into local credit unions or community banks, as they often have more flexibility with alternative income verification and rental portfolios.
Steven Greenwalt
Gator Lending? Why? 🐊
20 November 2024 | 31 replies
I know, it's the flavor of the day, but it at least got me to to perk up.
Gloria C.
Exchange (1031/1033) expert on.Bigger Pockets?
14 November 2024 | 3 replies
Fortunately, you will be able to to a 1033 exchange into new property and avoid any tax on the gain.