Austin Fowler
Running a debt fund to acquire assets
13 October 2024 | 2 replies
These assets encompass 33 houses and a $5.5M stake in 2000 units of multifamily across AL, AR, CA, FL, IL, IN, MA, MO, MS, OH, OK, PA, TN, and TX, and also cash, stocks, and renewable energy.
Lia Veit
New investor looking for advice
23 October 2024 | 22 replies
But no lending institution is going to give you 100%.
Jim Blumenthal
Find Equity Investors
15 October 2024 | 8 replies
These are small enough that they are still operated by ma-and-pa operators but they are typically easier to find funding, operators, and contractors for.
Andrew Erickson
Made in China: California Licensed Manufactured Homes
17 October 2024 | 21 replies
There's an industry group for this type of construction: Manufactured Housing Institute.
Scott Bogue
Advice needed on Flip Disaster
16 October 2024 | 10 replies
Please helpContact the district attorney/state's attorney/whatever and institute criminal charges.
Tom Server
SECTION 8 rent below FMR
12 October 2024 | 11 replies
Usually with Section 8 you need to give them 60 days to approve a rent increase (this is at least how it is in Massachusetts with my tenants).
Andrew Burrell
LLC Creation Advice
14 October 2024 | 9 replies
I happen to agree with most of the folks on this board that this kind of structure is overkill.Also, understand there can be issues getting a mortgage with an institutional lender and potential problems getting title insurance.
Bryan Liu
Need advice on financing rehab for investment property
16 October 2024 | 9 replies
They tend to be more flexible than institutional lenders and may lend based on the equity in your property or its ARV, rather than focusing on your income or DTI.If you have any connections with investors or family/friends who are looking for safe investments, you might be able to pitch the project to them, offering them a higher interest rate than they would get in traditional investments.Advantages:More flexible terms.Negotiable interest rates and payback periods.Considerations:You’ll need to clearly outline the project’s profitability and how you will repay the loan, usually through a refinance or sale after rehab.
David Cianci
Should I create an LLC before I buy my first property?
15 October 2024 | 40 replies
Also, as others have mentioned, most institutional lenders do not lend to LLC's and have never given me any good reason for their position, since the owner is always required to assume personal liability via a personal guaranty.
Laurieann Frazier-Duarte
New and excited to start Buy and Hold
14 October 2024 | 8 replies
I work with institutional capital as well as a variety of private money resources to finance such things, but don't again, don't expect to find "low" rates and fees for such.Many investors I come across run into this problem with financing even though they've built up a cash cow... it is hard to understand sometimes, but be aware of the challenges and make sure you have financing options in place for what you are doing before you jump too far in.