Scott Trench
Bold Prediction: The Fed WILL Do a 25+ BPS Cut... But RE Borrowing Rates Will Rise
17 December 2024 | 20 replies
Tons of people would die to have our U.S. blue passports.
Sam Lewis
Why would hard money lenders trust someone they don't know?
2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.
Jay Hinrichs
Clayton Morris Portugal exit !
25 November 2024 | 31 replies
My own thinking is their US passport was suspended which is required to remain in Portugal if you are a holder of a temporary residence card and they had to leave??
Constance Kang
My Experience of Rich Dad/Elite Legacy Event Scam
14 December 2024 | 101 replies
I went to the Rich Dad free seminar here in Paris, led by a man named Steve Sweet who spent his introduction bragging about living in Marseille, holding a British passport, and calling us LIARS when we didn't raise our hands to say that we could live comfortably on 10k a month.
Val Berechet
Is it still a good idea to invest in Tulum, Mexico?
11 December 2024 | 101 replies
As an avid traveler trying to get as many new stamps in my passport, I rarely repeat the same country or area but Mexico is one country I keep coming back to.
Dana Jordan
New Tenant's ID
10 November 2024 | 10 replies
Everyone should expect to send a copy of their ID/DL/passport.
Janet Behm
Multi-Family Will be Fined $500 per day for failure to file
30 October 2024 | 7 replies
If you have (or will have) multiple entities, I recommend getting a FinCEN ID first, so you’ll only have to upload your driver’s license/passport once.
Michael Baum
Fed cuts rates by .5%
9 November 2024 | 87 replies
Do I need to post photos of my passport stamps?
Lisa R.
Capital gains tax
4 October 2024 | 5 replies
The only time you would have to prove it is your personal residence if you got audited.Driver's license, voting registration, passport etc all prove residence.
Dana Jordan
Screening Potential Tenants Without A SS Number
4 October 2024 | 9 replies
Do they have passports to verify their identity?