
23 January 2025 | 9 replies
However, the right Broker is very important when first starting because they can train the agent how to run their business and find success.

21 January 2025 | 4 replies
I’ve been in this unit for almost a year now and I’m thinking about moving out and renting an apartment for $1000 a month all utilities included.

27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.

14 January 2025 | 6 replies
@Adonis Williams, you've received great comments: It depends on so many things, including FICO, LTV, type of loan, etc.

21 January 2025 | 13 replies
Beyond real estate, I have a background in media production, including event setup, documentary filmmaking, and television production during my time at PBS CET.

26 January 2025 | 24 replies
And the timing of that notice is important.

24 January 2025 | 10 replies
It seems like it "should be" good with some good features for the price (specifically I'm looking for an easy way to sync pricing across platforms including my website).

23 January 2025 | 4 replies
If we include investments in mortgage loans (trust deeds), real estate partnerships, REITs as well as direct property ownership, I’m at about 80%.

26 January 2025 | 17 replies
I’ve got a great team including contractors, real estate agents, and lenders.

24 January 2025 | 11 replies
@Jonathan B.Assuming you pass the "material participation" test for 2023 and did not use the property yourself (or used very little), you should be able to treat it as an STR for 2023, including bonus depreciation.