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31 December 2024 | 11 replies
Pretty much any regular bank / lender is going to require themselves to be in first position on all the properties... so I don't think a HELOC type solution is going to work across multiple properties with multiple lenders.
13 January 2025 | 41 replies
Learn the lawsDon't use a contract "off the internet", laws vary by state and are also regulated on a federal level Learn the financing techniques correctlyDon’t skip parts of the processDon’t ever do a “kitchen table” closingUse the proper deedAn attorney can help you with the legal work, but the rest you are on your ownYour guru will not bail you out“Investing” in someone else’s deal by providing a small 2nd loan so the “investor” can pay for “cash to the seller” and for “closing costs” so he can do the deal is a very bad planKnow what problems can ariseLearn the responses and solutions to problems before they are needed Know everything there is to know about Title and what that meansKnow who a "protected class" individual isLearn the "back doors"Learn human natureUnderstand timelinesUnderstand regulation enforcement (some of these "mistakes" have a 10 year statue of limitations ( they can charge you 10 years AFTER you do the transaction) and carry hefty fines and possible imprisonmentThe court doesn't accept "I didn't know" for an answer"Know that the source of the lead plays a serious role in some states and federallyKnow how much of a "profit" pushes the boundaries to invite an investigationYou can be sued by the seller if you don’t do things correctlyYou are automatically at fault if an investigator or attorney or regulator gets involved.
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1 January 2025 | 6 replies
To protect our rights, we would definitely deliver a formal 5 day notice (Wisconsin Legal Blank), but at the same time indicate that we are looking to collaborate to find a solution.
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16 January 2025 | 78 replies
I agree regarding turnkey solutions.
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5 February 2025 | 205 replies
Thanks I am using Peak Asset Lending and the broker I used is Naycor Solutions.
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19 January 2025 | 147 replies
What is the purpose of the two million low-interest loan to Seminar Solution LLC?
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1 January 2025 | 27 replies
I've seen some people post on here about offering modern/classic game consoles.
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28 December 2024 | 13 replies
Additionally, Chase Ink Business Preferred offers competitive travel rewards and may pair well with their banking services.Bundled Solutions: If keeping everything under one roof is critical, you might explore Silicon Valley Bank or First Republic Bank, depending on your location.
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8 January 2025 | 14 replies
I feel this gives me the flexibility to find the right solution for my client and not just sell what my bank offers.
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26 December 2024 | 9 replies
So while it's not as ideal as a multifamily property, it does present a solution for those that are in the personal situation where they can.