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15 January 2025 | 8 replies
They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.
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15 January 2025 | 39 replies
value adds vary in the return they provide.
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18 January 2025 | 9 replies
@Madison Sloan All depends on what you're willing to accept and if you can get approved for a loan now or not.
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21 January 2025 | 5 replies
If you find an investor to buy them, send them my way for the loan.
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12 January 2025 | 10 replies
I am sure the interest in that hard money isn't great.All DSCR loans I have seen require at least 12 months.
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5 January 2025 | 17 replies
Focus on the big-ticket items and estimate costs.Financing: Whether it's private money, hard money loans, or a traditional lender, make sure your financing is lined up.
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19 January 2025 | 269 replies
The caveat is that until the loan is paid back, you must put it in LT rental at capped rents.
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6 January 2025 | 3 replies
Once you do that get several bids...bids will vary considerably.
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14 January 2025 | 6 replies
If you have bank loan (not an agency loan) or no mortgage at all, an LLC is certainly an option.
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21 January 2025 | 59 replies
. :-))But yes, I could take a $200k or $300k tax free loan every year on the appreciation if I couldn’t manage to make ends meet at $20k/mo.