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14 November 2024 | 4 replies
The best bet is to talk to a small local bank (or three) about your options.
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12 November 2024 | 9 replies
@Ben Azubuike it's technically too late to add anything else if you've already signed a purchase contract.You can try to negotiate with the seller for review of:LeaseRent LedgerTenant approval criteriaAt closing you also want acceptable copies of tenant's: DL, SSN, paystub, bank statement, phone & email.
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13 November 2024 | 23 replies
Large banks will underwrite the collateral with far more scrutiny than they will the borrowers, but the borrowers will need to meet NET Worth requirements, liquidity requirements, Credit Requirements, but are often a tad lighter on experience requirements.
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14 November 2024 | 5 replies
Local meetups. https://www.biggerpockets.com/forums/521Explore Auctions and Foreclosures: Properties in your price range may be available through local auctions or bank foreclosures.Partner with an Investor-Friendly Agent: An agent familiar with BRRRR deals can help you find off-market listings or properties about to hit the MLS.
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17 November 2024 | 18 replies
Casi,I work with Realtors all over the United States and the one thing I hear the most from my bank customers is "Communication".
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15 November 2024 | 25 replies
The most benefit for Real Estate in the US now would be smart contracts to exchange Title,Notes, Funds (stable coins) since the transaction time is super fast compare to our bank system today.
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11 November 2024 | 10 replies
Quote from @Henry Clark: Reach out to your local bank or Live Oak bank.
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12 November 2024 | 6 replies
I'm LaShathan Banks from NOLA/Slidell, La passionate about real estate investing, And I looking forward to learning more.
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14 November 2024 | 11 replies
Lastly, plopping down 5% points for a marginal savings on a monthly payment might not be the most effective use of those funds, maybe being able to buy the next a bit quicker would generate a higher return for the cash.and no, I do not believe we will see rates below 5%, and the fed has never had any control over mortgage rates with the fed funds rate as that is the shortest possible rate overnight borrowing between banks.
13 November 2024 | 2 replies
Whoever taught you that I would go to them and do what they did as this setup for an ownership structure in my opinion is far to complex and your CPA is going to be scratching there head at end of year with all the tax stuff they will have to do and how you have to keep bank accounts for each entity and move money form one to the other to the other....