22 September 2024 | 8 replies
Hey mate,Those PM fee's seem solid and transparent.Same as the reserve.If someone wanted us to manage a 24 unit, I'd ask for $5,000 in reserves as we as a PM aren't a bank.
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22 September 2024 | 8 replies
Typically a lender/bank would have some reserve requirement (3,6,9 months) that you would need to abide by, but in this scenario it's a seller financed sale, right?
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23 September 2024 | 10 replies
If you're financing from abroad, look into international lenders or local banks that work with overseas investors.
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22 September 2024 | 7 replies
Or are you saying above and beyond properties, but the full bank accounts?
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21 September 2024 | 16 replies
I've been approve by the bank and they are willing to loan 80% of the money, but I need to come up with the 20%.
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23 September 2024 | 4 replies
(I called the bank, and even though I have a great job and can pay for the current mortgage very well, they require that I refinance to remove him).
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22 September 2024 | 6 replies
No start-up capital, no reliance on banks, no particular expertise required (initially at least, we had still had to learn a lot along the way!).
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17 September 2024 | 5 replies
Not 30 days later or 60 days later when you go find the money or borrow it.Every jurisdiction is a little different as to how things work, but typically you won't be able to borrow your way into tax lien/deed investing unless you are borrowing against other assets you have like life insurance, home equity, 401k, stock margins, or some other hard asset.
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22 September 2024 | 5 replies
We also ask for 2 months worth of most recent paystubs & bank statements in order to qualify tenants.
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21 September 2024 | 0 replies
What I've thought of:-Offer to show my bank statements for up to 10 years showing I make enough money-If for any reason I cannot make my mortgage payments at anytime, I will agree to sign over the deed.I don't have any friends or family that would co sign, so I'm not sure what to do!