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18 December 2024 | 3 replies
Quote from @Chris Seveney: @Francisco AvancenaThere are specific lenders who will do land dealsBut of course not as many as traditional real estate.The key will be skin in the game - typically for land because it is less liquid than a home the lender will want to have a lower ltv on the deal I fund land flippers currently in CO FLA WA ID MT NV AZ OR TX SC GA VA one thing about land though LTV is lower and RATES are NOT the same as typical HML rates are higher for raw land but its a specialty niche and a business that I grew up in..
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2 January 2025 | 18 replies
I'm not showing up with a standard set of interview questions to ask them or anything of the sort.
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17 January 2025 | 19 replies
I'll reach out and see if any would be willing to offer some sort of mentorship.
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20 December 2024 | 1 reply
Many sellers will not accept this since they are in second position, and it is very risky since if you default (higher probability for investors with no money and/or no skin in the game), they will most likely be wiped out during a foreclosure.
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17 January 2025 | 24 replies
Good luck getting this sorted, I hope it’s a smoother process from here on out!
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7 January 2025 | 24 replies
BoA is fine for this sort of setup.. but consider a local credit union in San Diego for lower fees and simpler sub-accounts from what I’ve heard.
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23 December 2024 | 12 replies
I’m not sure what sort of extensive “due diligence” you did but clearly you didn’t.
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11 January 2025 | 420 replies
That's why it sort of replace the need for a checking account.Every tool has it's function.
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19 January 2025 | 269 replies
We arrive in Portugal at the end of March and once we have got ourselves sorted I will see if we can get a few people around for a meet up.
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22 December 2024 | 7 replies
Unfortunately most lack the balance sheet to obtain favorable financing, can't afford to put any skin in the game and fail to make a compelling reason for why the investment makes sense or to justify the structure they are seeking.