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28 October 2024 | 8 replies
Here’s a rundown of my current situation:- Own an S-Corp (landscaping) generating 70k a year- 160k in available cash funds- Credit score around 720- Zero debt- Own one property valued at 365k, 30% equity- Property is rented by the room generating $400 a month after mortgage and taxes- Additional 590sqft house is being built in rear of property for 60k.
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30 October 2024 | 13 replies
If you wanna tell me a little about:Your goalsYour capitalYour credit ratingI can help guide you where to start, what kind of project may be right for you, suggest some markets to look, offer you some sample terms on a loan.
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30 October 2024 | 12 replies
If a tenant passes your requirements—credit score, income, background checks, and landlord/job verification—then I typically charge just the security deposit plus the first month’s rent.
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31 October 2024 | 29 replies
A buyer may ask for $20k in credits.
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29 October 2024 | 6 replies
Credit history is excellent.
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29 October 2024 | 6 replies
But I would either do a 3.5% down FHA or a 5% down conventional Depending on credit.
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24 October 2024 | 7 replies
Use the lowest ARV value to be conservative.
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29 October 2024 | 33 replies
In fact most new BRRRR investors prioritize whether they can receive 100% of their capital back through a refinance over all other deal metrics and being laser focused on that particular objective often leads to investing in the lowest tier neighborhood where it is easier to complete the BRRRR process.
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21 October 2024 | 3 replies
We're going to furnish the property and I was wondering if anyone has done this, and if so what credit card do you recommend?
21 October 2024 | 9 replies
This is a huge plus because it offers liability protection, meaning your personal assets are shielded if there are any legal issues with tenants or the property.Doesn’t Appear on Your Personal Credit: One of the big perks is that these loans don’t get reported on your personal credit profile, so they won’t impact your credit score or debt visibility.