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13 November 2024 | 4 replies
Once you pay that money back to the bank you cannot access it again.
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11 November 2024 | 2 replies
Will it match the statement amount up with the actual credit transaction for the bank account attached to Stessa?
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11 November 2024 | 2 replies
Can someone recommend any advice on anything (setting up partnership structure, accounting/ setting up a bank account , lending with foreign investors, sourcing deals etc…).
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11 November 2024 | 4 replies
If you have an LLC, ownership percentages are recorded and thus difficult and/or costly to change if an active partner is earning equity through actions.To give some personal experience, Lending and banking can be difficult at best, impossible at worst with a Land Trust.
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11 November 2024 | 2 replies
They are two different methods and there is a ton of content out there on both.Seller financing - the seller basically becomes the bank.
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13 November 2024 | 11 replies
Also, @Jamie Banks has this stuff down to a science as well.
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13 November 2024 | 6 replies
You actually end up making the tenants utility bill go down while you pay what the difference is had there not been panels; to a bank.
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12 November 2024 | 3 replies
My assumption is that when negotiating the purchase of the property I would have to pay off the mortgage, or would I be able to Pay off the taxes and maybe provide the current owner with some cash and then work with the bank on the mortgage?
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13 November 2024 | 13 replies
These loans often have more straightforward qualification requirements for investors with multiple properties but may have slightly higher rates.Cash-Out Refinance on Your Single-Family Rentals: If each has around $70k in equity, a cash-out refinance could provide some capital for the down payment, renovation costs, or even help you buy the 4-plex outright.FHA 203(k) or Conventional rehab loan: If you’re planning to occupy one of the units as a primary, FHA’s 203(k) loan or a conventional renovation loan could help with purchase and rehab costs at lower interest ratesPortfolio Loan: Some local banks may offer portfolio loans for investors with multiple properties.
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13 November 2024 | 8 replies
Banks ask for larger down payments to shift risk to the buyer/borrower in default.