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14 February 2025 | 3 replies
So far, I've reached out to a company called Lloyd Security who appear to be able to help with wifi surveillance and access panel.
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18 February 2025 | 7 replies
Don't forget to tell the tenant where you will store their security deposit.
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5 February 2025 | 4 replies
Certainly one account for each LLC, (separate for security deposits based on your local rules)
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20 February 2025 | 32 replies
Very few allow any subordinate financing below their note but I do have ONE that allows 90% CLTV (they loan 75% and allow you to secure a 15% seller carryback as long as you come in with 10%).
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5 February 2025 | 5 replies
Would it be a good idea to take a deposit to secure the deal until the rule clears?
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20 February 2025 | 10 replies
Others are also struggling to secure a carrier or are being forced to pay exorbitant premiums just to have their applications reviewed.
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20 February 2025 | 2 replies
Start by asking for a pre-approval letter from their commercial lender—it shows they can secure financing.
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27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.
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7 February 2025 | 3 replies
But you don’t need a new lease to make a security deposit amendment, that’s just a one page amendment.
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21 February 2025 | 4 replies
You'll want to focus on securing a favorable financing deal at the refinance stage—ideally, you want to pull out as much of your initial investment as possible while keeping monthly payments manageable.A big consideration is understanding your after-repair value (ARV) and ensuring the rehab costs add value in proportion to that.