
30 July 2024 | 8 replies
To add to the conversation, here are some of the minimum requirements you will be dealing with on the private lending/financing side.1-4 Unit Residential• 80% LTC max (20% down payment)• No experience required• $75k minimum property value• $50k minimum loan amount• 660 FICO5+ Unit Multifamily• 75-80% LTC max (20-25% down payment)• No experience required (program options will be limited if no experience)• $350k minimum property value (lower values possible, must have experience)• $250k minimum loan amount• 660 FICO

30 July 2024 | 4 replies
From personal experience, private lenders usually will not partner with someone who is new.if they do, usually they will handle the renovation and split the deal, based on what your contribution is.

30 July 2024 | 2 replies
Private sale from estate How did you finance this deal?

30 July 2024 | 5 replies
If you have questions about specific properties contact me privately and I'll tell you what I think.

30 July 2024 | 19 replies
(Most probably do FAR worse...)By contrast, private lenders are currently earning about 12% annualized interest on their money.And, getting exactly ZERO calls at 2am from unhappy tenants!

30 July 2024 | 6 replies
Maybe you can find a private money lender who is okay with 9 or 10% long term if that still works for you.

29 July 2024 | 5 replies
Hi Brandon,It's likely more effective to look for private lenders at those ranges as most investors buy cash or use private money at those ranges.

31 July 2024 | 46 replies
If it turns out that you end up ditching both look me up - my place is in Cagan's Crossing right up the street from you, and I have a private pool and a small lake 😜

27 July 2024 | 19 replies
This combination of affordability, economic stability, and location makes Parma compelling in my research.Taking a deeper dive into the rental market here, I thought this could be a unique investment opportunity because, despite a seemingly low occupancy rate of 23.90%, the rising rental rates highlight a robust demand for single-family homes (SFH), presenting a lucrative avenue for investors like us.The Key Growth Indicator: A significant uptick in SFH building permits during 2022 and 2023 screams a burgeoning market ripe for investment.Property Highlight: Zooming into the zipcode 44134, let's examine a promising investment with this single-family home.3104 Liggett Dr, Parma, OH 44134 On this property, I calculate an ARV estimated between $107,000 and $115,000.

29 July 2024 | 1 reply
We were able to finance the steel with private equity partners.