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22 January 2025 | 2 replies
I imagine the only way it would be possible is to do the bulk purchase in cash, sell off a couple and then put debt on them?
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21 January 2025 | 13 replies
Any repair issues the new acquisition has you will feel to much greater magnitude due to the property carrying a lot of debt.
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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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7 February 2025 | 25 replies
Yes I recently purchase this so called mentorship but before I made the purchase like a few other people stated here on this platform they were contacted and a so call interview to see if you are a good fit ...bulls..t they pry to see if you can pay with a credit card as Ed said word for word you can use more than one card but before purchasing I told Ed Peter's right hand man I do not want books and video if that is what it is I don't want it .. ooh no he says we hold your hand meaning peter as I can see someone else got the same script on this platform ..after paying 15 000 guess what came in the mail books and software with videos go figure and I stressed that is not what I want and asked for my money and Peter said no refunds I suggest you watch the videos I called to chime in on his Q&A session he was answering question from one of the another protégé and once he finished and the protégé hung up Peter said if you have any questions punch *6 so I'd did just that instead of him asking me what was my question he hung up the phone on me as if I was not there it is was sad because there was only 2 people that was on the line me and the other supposed to be protégé if you are thing Bout being apart of epartners I suggest you think twice I don't think it is a good idea I am out of 15 000 as 4/26/22 I am furious these so-called wealthy people are ripping of the public 15,000 is a lot of money to be in debt with no income coming in and you put your trust in a person that claims to be helping you reach financial freedom and don't give a dam if you live or die stay away from this program
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24 February 2025 | 25 replies
The devastated community might take years to recover (or never recover), but your costs will continue (debt service, taxes, insurance, utilities, etc.).Meeting the above financial independence requirements depends on the city where you invest.
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21 January 2025 | 5 replies
And how much is your debt service, around $6,500?
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19 January 2025 | 21 replies
More than likely a blend of my money and other sources.So, I'm assuming "other sources" is equity, not debt.
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31 January 2025 | 8 replies
For instance if this is a $10M portfolio that's levered with loans totaling $9.1M, there's no equity that can be pulled but if this is a $1M portfolio with $100K of debt, its a different story.
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16 January 2025 | 12 replies
You may want to research the term ' Debt Financed Distribution' Which does have a tax implication for the investors receiving a distribution.
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4 February 2025 | 18 replies
You are competing against other owners who have a much lower basis and/or debt cost to cover.