Eyad Ahmed
Virtual Wholesaling from Egypt
10 January 2025 | 2 replies
Quote from @Eyad Ahmed: Starting my Virual wholesaling plan from egypt is quite challenging but doable i'm targeting indiana market with an established LLC and the deal machine software and mojo dialer and a presence whether on social media, a website,etc looking to connect with realtors as I'm looking to start novations as well alongside wholesaling any recommendations about my plan or tips and trick's on how to close my first deal, also if there is any buyers in, fort wayne, indiana polis,munchie drop your email to add you to our end-buyers list also any recommemdations of title company that deals with digital banking for example: mercury,wise,relay and is investor friendlyI am the owner of DealMachine and also have 19 properties in Indianapolis.
Noah Laker
TAXES: Divorced client wants to sell
17 January 2025 | 3 replies
Sharing proceeds can be documented through a contract or settlement agreement without title changes.
Andy Wang
Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.
Chris Hains
Need A House Flipping Spreadsheet
28 January 2025 | 12 replies
And the owner is very responsive to questions or issues (emailed him at night and received a reply within a few hours).
Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
https://www.biggerpockets.com/...12 Frequently Asked Questions (And Answers) About DSCR Loanshttps://www.biggerpockets.com/...8 More Commonly Asked Questions and Answers to DSCR Loanshttps://www.biggerpockets.com/blog/eight-questions-and-answe...What Documents Do You Need for a DSCR Loan?
Rafael Valdor
Renting out my townhouse: DIY vs. PM vs. Realtor
11 January 2025 | 14 replies
Fake income documents are easily purchased online, and inexperienced screeners often miss red flags.
Quentin Hollis
How do I avoid triggering a due on sale clause with a subject to deal?
1 February 2025 | 14 replies
The note doesn't get recorded but gives the seller a document in case of default.
Kenny Bao
Advice on Off-Market Apartment Strategies
29 January 2025 | 9 replies
Things like a website, an email at your domain and credible social accounts (even small things like a profile pic and bio) can show you are a legitimate business.
Matthew Samson
Primary Residence Sale -- $1.65mm appreciation -- How to Minimize Capital Gains?
30 January 2025 | 24 replies
I agree with y'all.The parents need to have will or any kind of trust document before they die, if they both died and have no documents, the house will go to probate.Having trust will help to avoid probate.
Edward James smith
Still fairly new to investing
17 January 2025 | 8 replies
Documenting your journey online or engaging on LinkedIn can also help expand your network.