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25 August 2024 | 8 replies
A savvy qualified buyer would condition their offer on you replacing the full roof.
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26 August 2024 | 4 replies
I'm glad you were able to meet the time/points requirement to qualify for the application as well as pass your broker's exam.
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26 August 2024 | 24 replies
Lender determines they would need to show 150k in income to qualify for a 500k rental property.
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26 August 2024 | 4 replies
You must use the services of an unrelated 3rd party called the qualified intermediary.
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27 August 2024 | 13 replies
However, none of the below qualifies as acceptable:just put the same as last yearnah, I did not make any profit last yearI guess between $10k and $20k per property, or maybe $25kI dunno, how much expenses are normal for my business?
25 August 2024 | 3 replies
There is one business in particular that has been very tempting to try and acquire, but I am not sure the next steps to actually go about doing it.Questions like: Confirming it qualifies for commercial real estate loans (SBA), what type of network (brokers/lawyers/etc) would be needed to appraise and finalize a deal, and where to look for that network.
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26 August 2024 | 2 replies
It makes total sense that I would need to prove my company is profitable for some time before borrowing.what would happen if I qualify and aquire a loan while I'm still an employee, then become self employed?
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25 August 2024 | 57 replies
But, maybe, I mean, I'm no therapist, but maybe this isn't the place.
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28 August 2024 | 11 replies
Did you get qualified and tell them you are also getting a $300k interest only second loan on the property?
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26 August 2024 | 9 replies
Run the comps to see if you would profit from the sale, keeping in mind that you should qualify for nontaxable capital gains.