Sean Kirk
Has anyone used Roofstock to invest?
12 January 2025 | 2 replies
Still can be very beneficial for a new investor but personally I think not as good as a service as they had with their exclusive listings where they had inspections already done, rent rolls available, and you can complete the entire offer/acceptance via their platform rather than being handed off to an agent.
Karmine Cramer
Hi I'm Karmine!
7 January 2025 | 4 replies
Servicing: Milwaukee County, Racine County, and Kenosha County.
Kyle Carter
New company in area
9 January 2025 | 4 replies
They're driving demand.Communities will use that tax revenue to increase the overall appeal by providing more services, improving infrastructure, etc.
Melissa Stanley
Starting with a Friend (LLC?)
28 January 2025 | 6 replies
It's much easier to unwind a fee for service relationship than it is a partnership.
Jack B.
What are the risks of DSCR loans?
19 January 2025 | 9 replies
Risks: rates go down and you have to pay a prepay of 2 or 3 %; you have to sell and pay the prepay; rents decline & you can't make the payment like any other type of loan; cost upfront a little more than conventional; need to find experienced broker licensed in the state where subject property sits; servicers are bulldogs.
Addison Ross
Batch Skip Tracing in Canada
6 January 2025 | 1 reply
Does anybody know any good websites or services for batch skip tracing commercial property owners information?
Christian Hwang
Advice for a New Out of State Flipper
1 January 2025 | 22 replies
They don't care about Yelp or the internet.
Andy Wang
Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
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.
Kelly Taylor
Recommendations for a Self-directed Roth IRA Custodian - Equity Trust anyone?
6 January 2025 | 11 replies
If you're anything like me, customer service is the main draw for me when I am choosing any service provider.Look at websites, reviews and testimonials.
Rachelle Bertumen
Newbie to AirBNB
20 January 2025 | 9 replies
There is so much free content out there that can teach you about guest services, software, vendor management, and so on.