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21 October 2024 | 3 replies
Quote from @Victoria Phifer: I don't recommend charging anything on a credit card unless you have total control of your finances and can pay off the balance every month.I charge everything I can to credit cards, but I pay the balance off every month, 100% without fail.
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23 October 2024 | 5 replies
Local bank financing would require an additional $350-$500k towards the down payment.
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27 October 2024 | 25 replies
You might be able to find a lot of this info online, on YouTube, here, etc and piece it together however as a busy professional I didn't have the time personally to try and fail - nothing wrong about choosing that path however I knew I didn't have time and I was in peace with hiring a coach to help me through my first deal, 8k is affordable in comparison with the 30,40,50k programs out there.
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23 October 2024 | 6 replies
If you have questions about the ability to obtain loans, you'll want to make sure whomever you partner is very "lendable" with banks.
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23 October 2024 | 5 replies
TIAErich your best bet would be to amortize it over thirty with a 5 year balloon. the issue with private lenders vs. banks is private lenders use their money to lend and many times it may not keep up with inflation - so lending for that long does not make sense.
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28 October 2024 | 12 replies
Make sure all property income and expenses flow through the LLC’s bank account moving forward.I recently had a client in a similar situation who waited six months after closing before transferring their property to their LLC.
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17 October 2024 | 16 replies
Looking to build a relationship with a bank, that offers portfolio loans.
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21 October 2024 | 13 replies
A condo HOA can decide they want to replace all the roofs, but if the bank account is low, hit you with a $5,000 special assessment.
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23 October 2024 | 7 replies
He does have 100k in the bank.
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22 October 2024 | 3 replies
Does anybody know any banks that would be easy to open a business checking account without my partner's physical presence?