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13 February 2025 | 10 replies
My question is, when you are looking to partner with someone to fund the down payment, what is the best way to find a partner without going to family/friends?
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13 January 2025 | 4 replies
Quote from @John Aaron: Anyone know any hedge funds that’s buying right now and their buy box?
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15 January 2025 | 9 replies
Very happy with them overall, but the costs/fees can be higher than others (but he said the funding was very competitive/consistent).
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8 February 2025 | 3 replies
we are setting up two OZ funds and would love to talk about what you've found. one is for land development and is more active the other is passive real estate ownership of extended stay. all are ground up.
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22 January 2025 | 1 reply
The Importance of a Great Real Estate Agent: A Personal Paradigm ShiftI got my real estate license a while back, and I always heard people talk about the importance of "bringing value" as an agent or broker.
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23 February 2025 | 5 replies
and - if 35K is everything you've got - savings, emergency fund, money for real estate... that is not a huge cushion.
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24 February 2025 | 11 replies
You can be ready to go , funds in place , and show up the day of the auction that property you are going for has been cancelled, regardless what the website says.Besides that, I noticed that properties are put on auction a few times so there is a chance to keep tabs on them, and Texas has monthly auctions which is great for gaining experience.
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16 February 2025 | 29 replies
.: I'd be tempted into doing an STR (maybe with a higher down payment to ensure cashflow, just run ROI numbers) or an apartment complex - I personally wouldn't mess w/ small stuff.
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19 February 2025 | 2 replies
Mortgage rates tend to fall as the supply of funds in the mortgage market increases, making homeownership more affordable.
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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.