26 November 2024 | 1 reply
Why not get traditional financing for the property?

2 December 2024 | 35 replies
If you can find smaller local banks in the market you pick they may have more unique products that they keep on their balance sheet or try and do the 5% down conventional on a 4-unit FHA's self-sufficiency test applies to both 3 and 4-unit properties.

2 December 2024 | 10 replies
The minimum down payment for a property in this price range would be roughly $27K.That said, you also need to account for bank closing costs, inspection costs, appraisal, attorney fee, and title costs.Your scenario may require a seller's concession to account for these additional expenses.Investing with $50K is totally possible in this market but your journey may be met by challenges i.e.

5 December 2024 | 25 replies
When I asked the point of contact for additional information (contract, copy of earnest money check, bank account verification) , they went silent.

4 December 2024 | 18 replies
There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.
2 December 2024 | 1 reply
Next year i'll hit top pay and should start bringing in 1.2-1.3k a week. and the year after that i plan to move to linehaul and make about 2k a week.I do have a lot of debt, or at least it feels like it to me. the breakdown being;23k in college debt i got getting a bachelors that i never used across 5 loans ranging from 3 to 5% interest rate5k in bank loan debt i got getting my trucker cdl a at 12% interest rate.2.5k in credit card debt from not having an emergency fund and then having emergencies.

2 December 2024 | 5 replies
There are banks that do non-recourse loans to IRA's, a simple google search should render you some results. 2) If you are still working for the government, you likely can't rollover the TSP to an IRA. 3) When borrowing money with the IRA, you do have a special tax, called UBIT, not a deal breaker, but something to be aware of.

23 November 2024 | 4 replies
My wife and I have been investing in real estate using creative strategies that don’t rely on traditional bank financing, and it’s completely changed how we look at deals.

3 December 2024 | 40 replies
Aaron - thanks for the post ...wedge area off Monroe is solid .....make sure your financing is in place and lined up before beginning to property shop ....traditional lender have programs that allow as little as 15% down if the rental propety is a 1 unit

28 November 2024 | 2 replies
First, when calling banks target the smallest most community based banks you can first.