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23 January 2025 | 15 replies
.- Personal Articles: Coverage for belongings that have a special or collectors valuesuch as Jewelry, Furs, Fine Arts, Collectibles, etc...Your age should not be a factor on the pricing but, depending on the company these other factors may get you credits:- Insurance Score (company pulls certain info out of your credit report).
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30 January 2025 | 4 replies
@Jeanette LandI always recommend using a tax professional.
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19 January 2025 | 9 replies
I can buy a 2-4 unit with 20% down vs conventional can only buy a 2-4 INVESTMENT property with 25% down 4. there are options where DSCR loans dont repot to personal credit, helps in not having to show a bunch of paperwork or not one person in a partnership has to carry the debt5. way less paperwork to close on this loan type vs a conventional loan. we care about the income of the property you're buying and it's ability to service the debt of the property whether we use long term rents income, lease income, or air dna/bnb income.6. easily buy in partnerships, add people to your operating agreement, its as easy as that so bring partners into a deal. helps with scaling and raising capital or getting partners involved7. gift funds allowed to close on these as well, and like I said earlier, there's only a 10day seasoning period of funds with some lenders so that means you can literally have a private money lender deposit money into your account 11 days before closing, and you can use those funds to close!
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27 January 2025 | 4 replies
The masterminds often encourage students to finance the new-car like entrance fees on a credit card, on the promise of just a single deal covering all the entrance costs.
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21 January 2025 | 11 replies
You can go up to 6.75% and get 1 point credit towards the broker fee.
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12 January 2025 | 11 replies
What's the lowest credit score you will allow?
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21 January 2025 | 6 replies
My goal is to wholesale some properties single and multifamily to build some capital while fixing my personal credit and building my business credit.
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7 February 2025 | 22 replies
Note that the diagram doesn't consider tax implications—that's another important factor you'll need to include in your decision.
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11 February 2025 | 6 replies
@Bradley Buxton makes a very good point to make sure to do your due diligence as you won't be an owner occupant like your in-laws.Last bit of advice: Because this is a friendly deal, you want to take your time to make sure you structure it in a way that maximizes tax and cashflow benefits for both parties.
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13 February 2025 | 11 replies
What documents do they require, what credit scores do they allow, how do they verify previous rental history, etc.?