26 October 2024 | 6 replies
Low cap rates because you dont have to do anything, just collect the 4% or 5% like a CD at the bank.10% Properties are going to be more involved.
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24 October 2024 | 18 replies
I recently started using Buildium and am realizing I now need to run both systems in parallel and unable to sink my bank account transactions on Buildium but Quickbooks is fine.
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25 October 2024 | 12 replies
That’s a pure cash flow play - monthly interest payments hitting your bank account is a great feeling!
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24 October 2024 | 2 replies
Jonathan,Unlike credit cards with "Intro Rates", HELOCs are a standard banking product.
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24 October 2024 | 19 replies
Not unless you are a slum-lord and have total disregard for the law.Setup one LLC with two bank accounts.
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24 October 2024 | 7 replies
The few lenders I've reached out to in my area (local banks, credit unions, etc.) are only working with primary residence for Helocs or Cash Out refi.
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23 October 2024 | 7 replies
Is there a bank or credit union that offer a loan for it?
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23 October 2024 | 7 replies
Private lender will wire ~80% to my business bank account shortly before close.
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24 October 2024 | 19 replies
If you have a 12-month history of the property's performance, you may be able to get some wiggle room with more local banks for it.One thing that may impact the lender's ability to lend could be the Debt Service Coverage Ratio (DSCR), but as long as the property cash flows well then that shouldn't be an issue.
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23 October 2024 | 27 replies
I provided it to the bank and they upped my appraised amount by $100K.