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9 November 2024 | 23 replies
Then do a HELOC with a bank that offers 100% LTV.
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4 November 2024 | 14 replies
A better option is for the tenant to take out a personal loan, pay me in full, and make payments to the bank.
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3 November 2024 | 0 replies
I borrow dollars from the bank and immediately sell those dollars to owners of commercial income property that I want to own.And then I buy those dollars back over time using the cash our tenants pay us in exchange for using our space.I'm currently shorting $10M and I can't lose regardless of who wins on 11/5By the way, the dollar will always decline in value so this thesis is applicable in any election or economic cycle.Go vote for whoever you feel strongest about, but remember you have infinite more power and that which is within your direct control.
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3 November 2024 | 2 replies
I am guessing it was with a lender and not an FDIC Bank?
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7 November 2024 | 15 replies
Today was a month since notice so i called local court and figured out paperwork to file. while looking through bank statements i realized that he has been zelling me random amounts for rent since august and i learned today that if he makes even a dollar payment it voids the eviction process because i "accepted partial payment" according to some regulations in arizona.
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30 October 2024 | 4 replies
“Good luck to you,” he said, and he granted the eviction to the landlord.Dreamy Draw jurisdictionConstable Torres works for the Dreamy Draw Justice Court in a jurisdiction named for the closed mercury mine there.
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2 November 2024 | 8 replies
Consider commercial or portfolio financing from one of the following lenders:Portfolio lendersRegional banksCommunity banksCredit unionsNon-bank lendersCommercial lendersPrivate or hard money lenders
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3 November 2024 | 15 replies
For actual property management software I now use RentVine and have been very happy, although it doesn't do the business bookkeeping as well (still need QBO, and separate bank accounts, for that).
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1 November 2024 | 2 replies
Especially if you’re interested in finding off-market gems.About your first few questions when it comes to bank accounts and loans, there’s no special “land flipping” bank account, but you want one set up specifically for your real estate activity.
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1 November 2024 | 7 replies
It also sounds like this is a newer venture for you so unless you have a key partner with experience banks will also factor that into their loans.