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23 November 2024 | 15 replies
Almost every single one of these loans also comes with an Acceleration Clause (Due On Sale Clause) that allows the lender to call your note due should you violate the terms of the note or guarantee.
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20 November 2024 | 4 replies
It's no guarantee but it's a good place to start.
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22 November 2024 | 20 replies
Barely, but I guarantee they will be in better shape 3 years from now than a 100k property in a high crime area.
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7 December 2024 | 150 replies
Do they really know what they are doing, are they compliant with laws, do they hold the appropriate licenses, if there is fraud or errors can they buy it back and make good on any guarantee?
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22 November 2024 | 13 replies
I got a doctor who was all set up long term lease NNN personal guarantee of someone with wherewithal.
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21 November 2024 | 10 replies
I guarantee Musk cares more about his money, property, kids, and bathroom floor than the hired help, but that doesn't mean he is better suited for the job or that he has the time, skills, and energy to handle it.Maybe you're part of the small percentage that can do a better job.
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17 November 2024 | 7 replies
Second issue is that it would be really difficult to cash flow, while paying both notes, especially with one lender in second position (which would most likely have a higher rate, plus points to offset their risk.)Now if you got the property under contract for 75% of the market value, which means you would have built in equity, and willing to personally guarantee (full recourse) then yea it may work out.If it's a good enough deal then you could even bring in an equity partner. 50 percent of a great deal is better than 100% of no deal.Cheers!
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19 November 2024 | 10 replies
I also hope you got a personal guarantee and have advised your borrower that you intend to enforce it.
19 November 2024 | 15 replies
It's no guarantee but it's a good place to start.
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1 December 2024 | 377 replies
The hours and timing can be difficult with little ones, but I can guarantee that they will incredibly thankful that they are being shown what the "American Dream" is all about.