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14 January 2025 | 11 replies
There are companies such as Cover that offers a full service ADU deliverable from design through construction completion.
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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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29 January 2025 | 12 replies
For forming an LLC in Wyoming, consider these registered agents:Northwest Registered Agent – Excellent service and pricing.IncFile – Competitive pricing and solid customer support.Wyoming Registered Agent – Specializes in Wyoming LLCs.Compare their pricing and reviews to find the best fit for you.
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31 January 2025 | 11 replies
I am not a tax professional trying to sell you my services I am simply providing my perspective.
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3 February 2025 | 12 replies
If you are open to non-traditional methods of financing, you could use a debt service loan to bypass that requirement.
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8 February 2025 | 22 replies
The other tenants would call the management company on Saturday to report the air conditioning failure and were told that a service person would fix the problem on Monday.
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17 January 2025 | 22 replies
They are either a combination of a Maintenance/Tenant Management business or Accounting/Real Estate sales/Tenant management service.
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20 January 2025 | 19 replies
Quote from @Lori Edelman: Quote from @Katee Welte: As we recall Lori you chose to not use our services on your own.
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30 January 2025 | 8 replies
It’s also important to distinguish between those who are genuinely advising you and those who are selling you a service or product disguised as advice.I went to my first real estate conference in Atlanta in 2005.
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11 January 2025 | 13 replies
Welcome and thanks for your service!!