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19 January 2025 | 9 replies
I found a bank who would work with me and the SBA and the deal happened; I got the loan.
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14 January 2025 | 15 replies
If you ever see someone offering terms that are too good to be true, you might as well just post your SS# and banking information on IG.
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19 January 2025 | 61 replies
and I was just one little mortgage guy with 450 loans out.. can you imagine the banks with hundreds of thousands of loans and servicing companies.. so having mass equity or paid for keeps this from ever being an issue. then when I sold these off.. most for cash but a lot I did a 30 to 60 month ZERO interest deal on.... and boy you should have heard the cash flow cool laid drinkers..
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24 January 2025 | 0 replies
Common sources of such properties include:Foreclosures: Homes that have been repossessed by banks due to non-payment.Distressed Properties: Homes that are in poor condition and need a lot of work.Auctions: Properties sold at auction for below market value.Off-market Deals: Properties that aren't listed on the MLS but are available for sale through direct outreach or networking.The key is to buy a property at a price low enough to ensure that even after renovations, the home will appraise for a higher value.2.
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16 January 2025 | 19 replies
No reserves and no cash flow = capital infusion from investors and/or return property to bank.
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19 January 2025 | 55 replies
Getting over 5% return when using their banking partner so working to transition all my properties over for rent collection.
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13 January 2025 | 5 replies
I’ve heard a lot about BRRRR, fix-and-flip, and rental properties, but I’m curious about what’s working for you all right now.I know from talking to people that some have gotten into bad deals while using their own money, and I’m worried that using bank funding and ending up in a bad deal could make things even worse—not just for the investment but for the relationship with the bank as well.I’m just trying to make sure my clients use this funding in the right way, without getting themselves into a tough spot.
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16 January 2025 | 4 replies
Martin They get a bank loan, but most do not start out in MF, they start out in residential.
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13 January 2025 | 15 replies
Banks who offer construction financing tend to be 75-80% LTC and alternative/hard money lenders will sometimes offer higher LTC leverage than that.
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14 January 2025 | 1 reply
If so, I'd consider those options first as they fit in the infinite banking concept.