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13 December 2024 | 6 replies
I’d recommend starting with business credit cards that only require a soft inquiry, so you don’t risk a denial from one bank that could influence the others.
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13 December 2024 | 2 replies
This is because VA loans are tied to the borrower’s personal ability to repay and require a creditworthiness review.VA Entitlement Consideration: If you’re assuming a VA loan, the original borrower’s VA entitlement may remain tied to the loan unless you’re a veteran eligible to substitute your own entitlement.2.
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14 December 2024 | 13 replies
The base zoning required 25 feet of frontage and a lot area of 2,250 SF per house.
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13 December 2024 | 16 replies
What if circumstances require a cashier's check instead of a wire, how difficult (or not) is it to order one?
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16 December 2024 | 4 replies
It can be, but it should not be anything close to the reason for purchase or sale.Sloped lots require a lot of regrading to level them which is WAY more expensive than most people think.
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14 December 2024 | 1 reply
I think LLCs are over rated unless you have to hold the property in one for financing like most DSCR lenders will require.
16 December 2024 | 8 replies
Purchase price + improvements = basisFrom there, you would need to meet the requirements of the STR Loophole.
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13 December 2024 | 6 replies
I recommend determining your set price point plus closing cost expense and then calculating what minimum rent would be required to cash flow the property.
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13 December 2024 | 2 replies
Focus on cards that don’t require a personal guarantee (though some may initially require it until your business credit is stronger).
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14 December 2024 | 6 replies
I would imagine the bigger loan origination companies out there who underwrite like robots because they are lining up the sale before closing will be the exception and require those docs up front.