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Results (10,000+)
William Causey Affordable Housing for Disabled Veterans of San Antonio, TX
23 November 2024 | 2 replies
Investment Info:Small multi-family (2-4 units) private money loan investment.
Greg Hoffmann Advice Regarding All in One Loan?
14 November 2024 | 5 replies
How does it save me money if I keep increasing the balance of the loan product.See how they answer those questions.
Bliss Hu Mid 20s tech worker in NJ, trying to figure out how to invest 300k in savings
26 November 2024 | 13 replies
The best part is you can do it with very little money down using owner occupied loans
Tom Carmody Condo Hotel (Condo-tel)
24 November 2024 | 27 replies
But be carefull , again,  they are dificult to finance or obtain a loan , usually private loans are more expensive and they have higher interest rates . hope this help!
Lucas Schlund How Much Cash Do I Need To Put Into My First BRRRR and How Much Should Be Financed?
21 November 2024 | 23 replies
So right now we are at 27k and now you have all the holding costs - that's the loan payments, the utilities, the insurance. 
Scott Trench Syndicator Threatens LPs for Negative Comment about them On BP
26 November 2024 | 86 replies
As we tell our investors who participate in the commercial loans we originate or purchase - a certain percentage (about 5 - 10% ) will go into default.
Kristin Solbach Any advice on asset protection with using a CMG All in One Loan
16 November 2024 | 6 replies
No bank is going to give you a loan on an LLC officer guarantee if/when the LLC has no assets.
James Kerson Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
If your market has a significant number of FHA or VA loans with zero to low down payments where a buyer can't afford to pay their agent out of pocket, your sellers may end up cutting off a significant portion of the home buying market, or once they do come around to considering negotiating on BAC, they may feel deceived, and now you may lose the potential for the recurring client that will ultimately otherwise drive your seller lead acquisition cost down.For planning: In a great business, a good rule of thumb is to estimate:100% Gross Income35% Cost of Sale30% Expenses35% Profit <-- very few businesses achieve this, but we're looking at an ideal solutionAssuming a national price average of $300k and 0.6% GCI, you'd be looking at:$1,800 Gross Income$630 Cost of Sale <-- agents/ transaction coordinators$540 Expenses <-- photos/ signs/ lockboxes/ Errors & Omissions insurance/ MLS fees/ liability insurance/ tech fees/ VA admin support/ marketing to get clients for the business (this piece should be roughly 10% of revenue, which would be $54 in this case)$630k ProfitIf your business sold 1,000 of these homes a year, you would have:$1,800,000 Gross Income$630k Cost of Sale <-- agents/ transaction coordinators (you could have 5 agents handling 200 sales each at $100k incomes and TC support at scale)$540k Expenses <-- photos/ signs/ lockboxes/ Errors & Omissions insurance/ MLS fees/ liability insurance/ tech fees/ VA admin support/ marketing to get clients for the business (you're going to est $125k in runner fees alone for signs; $25k+ in signs, $54k in ads to attract clients, $200k in photos, $10-20k minimum in E&O, $2k in liability, and what tech/ VA support)$630k Profit Scale costs will include hiring a managing broker for compliance to help oversee all of these transactions and implement legal changes and training.
Matthew Hull “Cash” Offer Vs Hard Money - Same?
23 November 2024 | 3 replies
The other thing is that there will be no financing contingency of course, so you can't get your emd back if the loan falls through because, well, there's not supposed to be a loan.I would just get a preapproval letter and offer that.
Alec McCaa Multi-family Networking Inquiry
22 November 2024 | 4 replies
If I am in your shoes I would buy 2-4 units, get a conventional loan, ask the sellers to pay for the max contribution (3%) towards closing costs.