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15 October 2024 | 3 replies
Originally posted by @Sam Peterson:Does anyone have any suggestions for where to find templates for mailers and marketing?
11 October 2024 | 2 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?
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14 October 2024 | 1 reply
Also, I don't have cash right now as it's tied up in the original purchase, rehab and furnishing the place.To continue to move forward with my vision, what creative financing or investing options are out there?
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19 October 2024 | 25 replies
In many of the western states, the Feds own 60-80% of the total land.But in answer to the original question, I don't see it helping, we don't need housing where most Fed land is.....
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11 October 2024 | 17 replies
Kevin, I can help steer you into the right path if you can share your credit score and your capital situation.Hard to advise someone without knowing what tools they have to start with, and sometimes getting ready for deal 1 is what is needed to work on.Welcome!
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9 October 2024 | 5 replies
A DSCR loan is going to be your best bet.Rule of thumb, 80% LTV with a decent fico score all day long.You can close in an LLC.Hope that helped!
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9 October 2024 | 23 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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16 October 2024 | 11 replies
I now track my final sales cost against my original estimated ARV against what the best/closest comp was when I first did my ARVs.
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15 October 2024 | 12 replies
The loan will be originated to the LLC (entity) as the borrower and the property (being transferred to the LLC) will be the collateral.You can choose to refi the properties individually or in a loan tape (portfolio), however when in a portfolio the properties need to all be owned by the same LLC, and the lender may require that they also be all in the same state.
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13 October 2024 | 54 replies
Originally posted by @David Thompson:Life happens for you not to you.