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24 February 2025 | 29 replies
If you don't meet that 12 month seasoning requirement and/or want to hold the property under an LLC, a debt service loan may be a better option.
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24 February 2025 | 26 replies
Advisory services (tax, law, brokerage) are also avenues.
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29 January 2025 | 31 replies
Without getting into the weeds of our conversation, their response was as expected highlighting their service and ability to facilitate a loan.
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29 January 2025 | 8 replies
@Brandon Stelling, thank you for your service.
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22 February 2025 | 7 replies
Looks like they're trying to sell lending services through their app.
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21 February 2025 | 22 replies
My clients once they come on board with us generally will flip 5 to 40 homes a year.. pretty hard to do more than about 3 or 4 a month but I have a client in KC that does at least 30 to 40 with me and I know he has another lender.. the difference with a company like ours that is a capital partner your paying a touch more for the service but once its going its ALL our money and then the partners work.
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14 February 2025 | 5 replies
Hey Stacy, Id connect with @Steve Wolterman as he is a tax attorney and 1031 Qualified Intermediary servicing all states!
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6 February 2025 | 9 replies
Especially #4 about durability.Do you charge your clients a flat fee based on size/price per sqft for your services, or % of spend?
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4 February 2025 | 1 reply
I take a picture of their driver's license.I ask for phone numbers that accept texts and any alternate land or business phone numbers.I ask for the names and birth dates of anyone under 18, and ask if there are any service / emotional support animals, together with their names and breeds.I also ask for personal references, previous landlord contact info (and length of time there), employer contact info (and how long there, together with earnings), as well as the name and contact information for their manager / boss.
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27 January 2025 | 7 replies
There are some great suggestions here on down payment, interest rate, servicing, and underwriting the borrower.