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9 December 2024 | 8 replies
These lenders can be an excellent option for quicker access to funds if you're ready to move on to the next property.
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9 December 2024 | 24 replies
Hard Money typically funds 90% of the purchase price and 100% of the rehab on a draw schedule.
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17 December 2024 | 3 replies
I would also only do this if both properties have solid appreciation potential.If it was me, I’d consider trying to get a HELOC on the first property and use the funds for a flip or a BRRRR so I could pay back the line of credit within 6 months and then go do it again.
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18 December 2024 | 16 replies
Had clients use them, and they claimed the process was way too tough of pulling funds.
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25 December 2024 | 22 replies
It was usually for a month or so and if they had funds, I let them in.
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18 December 2024 | 24 replies
Started looking at condos, Airbnb’s now apartments. lost my job in the beginning of the pandemic, so I’m trying to make cash flow apartments my day job. my funds become available in April, so hopefully I’ll find my first apartment building in Chicago.
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16 December 2024 | 1 reply
I found a seller who is motivated to sell his property at a pretty steep discount.My plan is to put the property in escrow on an executory contract/land contract with the condition that the title will transfer once the seller receives his funds.
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15 December 2024 | 7 replies
(A-B) Step B: wholesaler places buyer under contract (B-C)Step C: ClosingWholesaler (or PML) wires title company (not the buyer here) The funds for Step A contract).
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19 December 2024 | 5 replies
So it's not all gov funds.
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9 December 2024 | 16 replies
There are lenders with no seasoning requirement as long as rehab has been done to support the new appraised value, up to 80% LTV (although 75% is much more common).