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Results (10,000+)
Kate B. Recent Experience with LendingOne
19 July 2024 | 53 replies
But here are the highlights to consider:-If you can do a 15% down payment on sum of purchase price and rehab dollars this can work. - Single family homes to rehab and hold or to fix & flip- Loan is in your name not your LLC- Rates between 5% and 6% depending on credit score- 30 year term loan, fixed rate, no pre payment penalty if sold or paid off anytime- Example buy at 100,000 and add 50,000 for rehab = 150,000 means 15% down payment or 22,500- So the buy is financed at 85% and so is the rehab if you look at it that way- House will be appraised off a contractors write up of the work to be done and must appraise out ARV to at least the 150,000 to make sense at all; if not loan is not approved so a buyer cannot get into trouble in that sense with lender oversight- all work must be done by licensed trades people, not the own themselvesIf this sounds plausible I'm happy to answer questions.
Rick Albert Buying without counting towards DTI
23 July 2024 | 13 replies
Hi Rick, I see following options, Cash, DSCR, Private & Hard Money, or look into buying properties SubjectTo.
Julie Muse Sierra Drive Success: Profitable Flip in Coulterville with Seth Choate!
19 July 2024 | 0 replies
Additionally, our strategic marketing highlighted the property's new features, attracting buyers quickly.
Julie Muse Spruce Street Success: Profitable Flip in Modesto with Seth Choate!
19 July 2024 | 0 replies
This collaboration highlights the importance of strong partnerships and local market knowledge in successfully identifying and negotiating lucrative real estate deals.
Julie Muse Millgate Drive Flip: Big Gains in Spring, TX with Otis 'Lee' Sams!
19 July 2024 | 1 reply
Our strategic marketing efforts highlighted the property's new features, attracting buyers quickly.
Sean P. 1M in funds but no experience
22 July 2024 | 19 replies
What may be somewhat unique is the retirement account isn’t technically a 401k that I can access whenever I want - it’s private company stock which I can only cash out upon death, termination, or retirement.
Thomas Richardson Private money lending
18 July 2024 | 20 replies
Can anyone offer some advice on private money lending?
Tony Zhang What's the penalty for using VA or FHA loan for non primary residence?
20 July 2024 | 8 replies
This Act has highlighted the fines and prison sentences relating to mortgage fraud.
Account Closed How to get to $30k/month if you were me?
23 July 2024 | 42 replies
It is common airport for private planes coming from Mexico as they have CBP there.
David Charles Edwards Selling rental properties and moving into Fixed income for early retirement
27 July 2024 | 108 replies
I have sold off rental properties and 1031'ed them into a fixed income private equity fund located in South Carolina and I live in Texas.