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27 November 2024 | 8 replies
In the next 5 years, we can buy one property per year with 25% down (~100K), and perform the same operation of using cash-flow for paying off properties next 15 years and we will have $15K/month net-profit which hits our goal adjusted for inflation (assumed at 3%).
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27 November 2024 | 16 replies
Note I am not stating I find this ideal, but if an operator has outstanding performance record, I may be able to tolerate sub-par communication.
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29 November 2024 | 18 replies
Since it came directly above your apartment, I can assume the leak originated from your unit unless substantial evidence proves otherwise.
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30 November 2024 | 0 replies
Most brokers set their own origination costs.
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26 November 2024 | 3 replies
Ensure your records include details of any hired help and the tasks they performed.
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24 November 2024 | 8 replies
@Dennis Boettjer be careful about basing your decision solely on past deal performance.
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3 December 2024 | 22 replies
I am originally from the Hazleton Area (this spelling is the actual spelling, as the founders misspelled it).
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1 December 2024 | 68 replies
BUT, please be aware of the followingMissing interest payments on a promissory note is not necessarily the result of a fraud, most often it is simply the results of a poorly performing business.
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29 November 2024 | 9 replies
Quote from @Jeff Chisum: If a DSCR originator (keep in mind you don’t need a mortgage license to originate) tells you the loan will not be reported on your personal credit but require you to be a personal guarantor your next request should be; “I want to see in writing it will not be reported on my personal credit”.
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3 December 2024 | 10 replies
@Glenn N.As mentioned this makes no sense and you as the lender would never change the name of your company because of thisThe loan is still in the original entity and the loan docs should have default provisions if you used a legitimate attorney to create them