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15 February 2025 | 21 replies
I prefer building my own spreadsheet on Excel and fine-tuning the specific expenses myself.
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2 February 2025 | 7 replies
Preferably low or no money down as best seller would be one only interested in the monthly incomeI then sell said first property and take that cash to buy the investment I am really wanting and I get the terms I want.only thing I don’t know about yet is, how to dodge the tax on the sale of the initial property?
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24 January 2025 | 4 replies
Get a Quit claim or Special Warranty deed from the seller to you, (Preferable a Special Warranty Deed or equivalent)5.
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10 February 2025 | 22 replies
I'd simply explain they can use Zelle until the renewal, then the portal will be the preferred method.
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19 February 2025 | 25 replies
The investors that I work with in your position prefer to look more to turn key to find these deals.
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31 January 2025 | 19 replies
Every situation is unique although I prefer to self manage.
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29 January 2025 | 24 replies
With investment properties, most lenders I work with prefer to have an address to work with in order to provide a "soft" quote, which does not include a hit to your credit.
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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.
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24 February 2025 | 71 replies
I and not taking about “A+ only” - schools, but the difference between C to F.The families that live outside their preferred neighborhood school have to apply and the places are chosen by a computerized lottery.
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18 February 2025 | 24 replies
It’s true that clients often prefer working with someone their own age or with more experience, so I’ll definitely keep that in mind as I move forward.