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2 November 2024 | 8 replies
I see the same value in getting license to be more legit in the eyes of investors, banks, and also I would like to build some ADUs/rentals for others..
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6 November 2024 | 42 replies
And told her I was building there and really keen on that city so she bought one.. one of my better recommendations and referrals :) you need to make bank in SC to afford the prop tax's in Charleston though.
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4 November 2024 | 10 replies
1) Rarely paying asking price or even "market price" for a property.2) Understanding how they may be able to reposition a poorly managed property for increased cashflow and value.3) Looking for creative financing, so they don't have to deal with a bank for a purchase loan.4) Understanding ROI, Cash-on-Cash, NOI, etc. and using those numbers to determine HOW MUCH they should offer on a property to meet their taget performance numbers.Funny, appropriate, recent interaction with a plumbing company.
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1 November 2024 | 14 replies
Most banks or credit unions simply wont do them post the GFC..
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31 October 2024 | 10 replies
If it's two mortgages, how common is it for a bank to do two at once for a new investor?
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5 November 2024 | 28 replies
Lenders have different guidelines they follow, some won't want any other real estate but no bank will want all, I promise you that.
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30 October 2024 | 13 replies
For example, hard money loans can help you get started, but be sure you have a solid exit strategy like a bank refinance or sale once the rehab is done.Feel free to reach out anytime you need help with financing or have any questions!
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1 November 2024 | 3 replies
Does it hurt them, it could but they also could provide a bank statement showing their payment every month.
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1 November 2024 | 22 replies
But get an LLC and rent from it personally...any cleaning expenses, paying your mortgage etc. come from the LLC's bank account, any outside money that you need to fund the account will be a capital contribution and then you will be able to do cost seg on that property.
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30 October 2024 | 15 replies
If it is out of state and your banker has no interest, find a local bank for that area.