David Rutledge
SBA loan for small hotel
1 February 2025 | 13 replies
The great part about contacting the CDC directly (and a large one such as TMC) is they can make referrals to banks that would be interested in your project (i.e. banks that have been actively doing SBA hotel loans)...rather than you having to chase down the bank first, which can be very difficult.Regular commercial lending requirements are applicable (will vary by bank):1 - no bankruptcies2 - no foreclosures3 - FICO > 7004 - net worth >= loan amount5 - post closing liquidity >= 12 months of P&IIf this works out, you are going to be glad that you made this post.
Aaron Bard
Easy Street Capital (Legit or No?)
1 February 2025 | 19 replies
This way the broker can search hundreds of lenders (Including Easy Street Capital) instead of just hoping that one lender can get you a good deal.A direct lender can work very well for Conventional loans, but if you were hoping to get a good deal I would look elsewhere Or you could search for hundreds of lenders here on BP or online yourself and avoid paying broker fees..
Bill Goodland
Favorite Tools for Building Distressed Owners Lists
15 January 2025 | 13 replies
The direct appeal is to lenders (primarily commercial lenders closing in the $5M-$100M territory).
Ricardo Lemus
The rent does not cover all
19 January 2025 | 10 replies
Quote from @Ricardo Lemus: Hi there,You guys probably went thru some of my post already and even help me with some experiences - Thanks a lot :)This time, after 6 months on this, I think part of my brain is saying that somehow I am in the right direction, and the other part is saying something is going on with the rent price I have set for my properties.
Jim Stanley
Worth it to use insurance for a repair.
23 January 2025 | 9 replies
For what it's worth, this condo is technically owned by the the trust established by my Self Directed IRA.Thanks!
Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
Have escrow released when the wrap is done and direct-pay the taxes and insurance.
Anthony Freeman
Property Management software
17 January 2025 | 6 replies
The more mature platforms that are designed for landlords/property managers include Rentec Direct, Buildium, Appfolio, and Rent Manager.
Matt Meier
Seeking Short-Term Financing Options for Renovation Property
9 January 2025 | 16 replies
He is a direct lender, not middleman broker fees.
David Oh
Profit Sharing Bonus for Property Mangement Staff
31 January 2025 | 10 replies
You’re on the right track—build awareness of costs where it directly impacts their role, but don’t overcomplicate the program with factors they can’t control.
Grant Shipman
How Co-Living Can Help You Get Started Earlier, Faster, & Better!
31 January 2025 | 2 replies
One-person rental units are in the highest demand, and co-living directly appeals to this market.