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18 October 2024 | 14 replies
Eliminates shipping costs on big pieces this way.
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20 October 2024 | 13 replies
Based on what you’re looking for—keeping business and personal finances separate—using a DSCR (Debt Service Coverage Ratio) loan might be a great fit for your situation.Here’s why DSCR loans could benefit you:LLC-Friendly: DSCR lenders typically allow the loan to be taken in the name of an LLC, so you can easily transfer the title to your LLC and keep the property separate from your personal finances.
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20 October 2024 | 4 replies
Harvey inherits everything that remains after Alfred’s debts are paid and the cost of administering his estate is paid.
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22 October 2024 | 10 replies
.- The property is not getting much traction as a turnkey, and your hard money loan is maturing soon.Here are some key things to consider:**Refinancing with a DSCR Loan:**- DSCR (Debt Service Coverage Ratio) loans are great for investors because they focus on the property's cash flow rather than your personal income.- Make sure the property appraises for the calculated ARV (After Repair Value) to get the best loan terms.- Consider the loan terms, interest rates, and any prepayment penalties.
18 October 2024 | 34 replies
But if the debt is say 50% of value - what’s the chance of the property not “covering” the debt and your personal guarantee being enacted?
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22 October 2024 | 17 replies
I have been in the commercial investing scene since I started as an agent since I didn't want to buy in the same arena as my clients, so I have never had the luxury of 30-year fixed debt.
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20 October 2024 | 7 replies
and you can find an almost unlimited variation on risk ( from low to high leverage, both floating and fixed rate debt, from no to high skin in the game, etc).
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22 October 2024 | 20 replies
Upfront out of pocket isn't feasible, going into debt for it doesn't make sense either.
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19 October 2024 | 1 reply
Specifically refinancing debt/loans?
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18 October 2024 | 3 replies
This way the property is owned by the LLC even though the borrower on the debt is you personally.