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28 November 2024 | 14 replies
Every license comes with its own responsibilities, fees, and obligations—like insurance, NAR dues, and other costs—so it’s important to think carefully about your goals before jumping in.I have to respectfully disagree with Erik.
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2 December 2024 | 11 replies
For a finished value I can pull data from the MLS, for both existing and new.
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2 December 2024 | 34 replies
Some of them are construction contractors that have decent credit but can’t take multiple loans on multiple properties and pay tons of fees and closing costs.
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1 December 2024 | 377 replies
I mentioned using hard money ($300k), private (100k), acquisition fees, wholesale fees and close to $200k in refi funds.
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5 December 2024 | 15 replies
They might be a good fit for the aggressive terms you’re aiming for, but make sure to check their fee structures.CityScape Finance: Known for working with new lenders and offering reasonable terms.
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27 November 2024 | 9 replies
Buy, Rehab, Rent, Refinance, Repeat method to pull equity from their first property and use it as a down payment on the next.
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30 November 2024 | 2 replies
., missing property taxes or HOA fees), unreliable rent estimates, and the time-consuming process of manually calculating metrics like cash flow or ROI.Platform Preference: A web-based platform would work well for in-depth analysis, but a mobile app would be crucial for on-the-go research and quick evaluations, especially when touring properties.Wish-List Features: A tool that integrates local market data (rental demand, appreciation rates, or vacancy rates) and offers scenario modeling (e.g., "What happens if I increase rents by 10%?")
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28 November 2024 | 9 replies
With regard to the fees that is much less expensive than a Delaware Statutory Trust where fees can be upwards of 20% which is totally unacceptable unless you have absolutely no other options.
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5 December 2024 | 17 replies
Compare origination fee and rate mostly.
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28 November 2024 | 1 reply
If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.