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23 October 2024 | 6 replies
What is it you are renting/leasing; what is the true reason a corporation wants to rent it (vs. an indivdiual if that is the case); what is the business track record publicly and financially?
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24 October 2024 | 33 replies
Vetting tenants is essentially the same as regular tenants, but expect lower credit scrores, bankruptcies, etc.
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24 October 2024 | 7 replies
The credit check is likely pointless if the corporation is paying the rent, but it is an apartment building so I feel like everyone in the building should have gone through the background check.4.
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23 October 2024 | 4 replies
For example, a bank would never give someone like me who hasn't built before, a loan to build like this, but we are doing it through our company which has a great track record and I will buy it upon completion.I mainly went with a new build because I thought it was a very unique opportunity given the connections I have working in a development and property management company.
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23 October 2024 | 27 replies
I have been working with a credit union to get a HELOC to allow me to tap my equity to buy additional real estate.
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23 October 2024 | 6 replies
The other option I would consider is regional credit unions that hold onto mortgages/loans and don't sell them to the secondary market - they are "portfolio lenders" and have the ability to be more flexible with their terms.
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20 October 2024 | 6 replies
I'd also suggest building a relationship with a small local bank who might consider a business line of credit for you.
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24 October 2024 | 10 replies
Again, others might disagree.a) Track Record: Get the entire track record for the strategy.
24 October 2024 | 5 replies
It's a different kind of program where we don't even consider the DSCR on the property, we mainly just look at the borrower's credit, their investment experience, and the property itself (where it's located, value, use, etc).
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22 October 2024 | 19 replies
what is the best way to fund renovations on a flip project (other than cash)hard money lender, line of credits, credit cards?