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22 November 2024 | 4 replies
There are lenders out there that will lend up to 50% of the AV with no minimum credit score requirements.
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3 December 2024 | 6 replies
Most of my clients run their SFRs at a 25%-30% (excluding vacancy/credit loss) operating expense margin and most of the banks I deal with on their DSCR loans underwrite using 35%.
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25 November 2024 | 5 replies
Welcome to the community and be ready for a huge amount of information at your finger tips.
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30 November 2024 | 6 replies
Check with a few local credit unions as they usually have the best HELOC offerings.
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29 November 2024 | 6 replies
When a husband and wife jointly own a residence, and the husband takes out a Home Equity Line of Credit (HELOC) in his name only, the spouse's involvement and liability can vary based on several factors, including state laws and the lender's requirements.1.
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10 December 2024 | 26 replies
Leave credit cards at home in the freezer in a bag filled with water that has frozen over....lolAmazes me how many people fall for these types of programs.When I buy NNN properties either my buyers wanting to own direct and I find the property or whether they are accredited LP investor on my syndication deals they learn with me while they INVEST CAPITAL to own fully themselves or a piece of the deal.
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25 November 2024 | 14 replies
Hi Elwin, first off let me say that I give you a lot of credit for investing again.
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3 December 2024 | 9 replies
sometimes to reduce borrowing costs, I'll use a hard money loan solely for the purchase, and then pay for the rehab in cash or use a 0% credit card (I don't recommend that for new investors!)
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5 December 2024 | 8 replies
I ran some quick numbers and would estimate (assuming you have good credit) you could borrow around $415k-$420k, which includes funding 100% of the rehab costs.Have you calculated your expected profit based on selling after rehab and if you decide to keep long term?
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2 December 2024 | 4 replies
Depeding on the amount get a credit card that has no interest for 12-18 months.