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28 November 2024 | 2 replies
Now, some of these answers will depend on what state that property is in, how much equity you have, and a couple of other factors...but you can certainly seek out other lenders about a Line of Credit on an investment property.
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6 December 2024 | 12 replies
Does paying with credit card, venmo, paypal etc.......still allow you to NOT SEND 1099s?
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29 November 2024 | 2 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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5 December 2024 | 17 replies
I give you guys credit for taking the leap and making it work for yourselves - id like to follow in your footsteps in he near future.
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28 November 2024 | 1 reply
If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.
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30 November 2024 | 0 replies
They assist investors in preparing necessary documentation, such as detailed project proposals, financial statements, and credit histories, which are crucial for persuading lenders.
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6 December 2024 | 51 replies
Also, I have helped build my oldest son‘s credit where he can get a loan.
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5 December 2024 | 87 replies
After reading Brian Burke's post about his apartment syndication deal that went terribly wrong, I understand even very successful people can face some pretty challenging situation.
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27 November 2024 | 9 replies
FHA is only really the better option for poor credit - otherwise a 5% down conventional loan is cheaper and less stringent.
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26 November 2024 | 8 replies
This is a terrible way to price a property.