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19 October 2024 | 7 replies
Freedom from the Traditional Banking System where the only one making money in the deal is the bank.
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20 October 2024 | 6 replies
I'd also suggest building a relationship with a small local bank who might consider a business line of credit for you.
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19 October 2024 | 4 replies
Ask for last 12 months of bank statements to track rent payments were paid on time.FYI: how "deep" is their credit report?
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24 October 2024 | 27 replies
Then we committed to bank 10% of everything else (a tithe above a tithe I guess) and pray separately for places to give.
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15 October 2024 | 4 replies
Hence you needing to retain an Architect and have them do due diligence into the feasibility at which part of their services would be checking what is able to be built in compliance with the applicable jurisdictions.
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20 October 2024 | 9 replies
This is similar to how a traditional mortgage works when a bank requires an escrow account.
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18 October 2024 | 8 replies
Will the bank count all of the debt against my income, half?
21 October 2024 | 4 replies
Their ability to accurately estimate the after-repair value (ARV) and confidence in their pricing allows them to exceed the 70% rule by 1% to 2%.Finally, experienced investors often have advantageous financing arrangements with banks.
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17 October 2024 | 11 replies
I am currently in operations for a large corporate investment bank, which pays the bills, but I am looking to build wealth using real estate.
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17 October 2024 | 0 replies
The thought came to me because people pay a premium for new construction but then each year systems get older, so you are really banking on the value of the land.Thanks!