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4 February 2025 | 2 replies
The concern with the DSCR loan is that I need to make the property present as though it's rented to individuals during appraisal (tough since it's a working rehab facility now) and must create another lease that shows the tenant as personal and not a company.
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23 February 2025 | 18 replies
I’ve personally received a plethora of value from the BP podcasts as well as the connections I’ve made through BP.
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12 February 2025 | 0 replies
The challenge was separating business from personal relationship.
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9 February 2025 | 8 replies
I have no personal experience with them but they are the only company I know of that are built more for self managers and small portfolios.
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17 February 2025 | 6 replies
For example of above, there was a person I know, they bought a house for a rental, the square footage was enough to make a 3rd bed out of a dining room, that would increase the month rent by $400.00 a month if they did that..
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2 February 2025 | 4 replies
Also, would this loan help build my personal credit, or would it only report to business credit bureaus under my LLC?
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13 February 2025 | 123 replies
Fewer still actually show-up to deliver the value in-person.
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7 February 2025 | 5 replies
I have from time to time spoken with the city administrator, economic developer, & a person at building planning commission.
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22 February 2025 | 2 replies
I contacted the bank and they told me the person needs to go through the regular qualifying process such as income, credit core, employment history, etc.
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13 February 2025 | 4 replies
For me personally, I am hesitant to sell unless it really makes sense.