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15 June 2024 | 54 replies
Because the 0% interest rate was coming to an end on the first of my credit cards through Fund & Grow, I sought a second round of funding through them so as to maintain a 0% interest payment on the funds going forward...still had to make the minimum payment going forward which at that time had accumulated to about $1000 per month plus property yard maintenance and taxes.Hoping that Clayton would do some of his magic and get the house built, screen some qualified tenants and get some cash flow going to be able to satisfy the payback of the credit cards until such time that I could get the new house independently appraised and financed through a traditional mortgage which the cash flow would have easily covered according to what Clayton promises in his podcast relating to the new construction builds.
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12 June 2024 | 7 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.
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12 June 2024 | 10 replies
You have a choice when doing an arbitrage to be responsible for little to nothing when it comes to maintenance and repairs or budget for maintenance and repairs as if it's your property (keeping your tenants satisfied).
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12 June 2024 | 47 replies
I know that not everybody is going to be 100% happy and satisfied with every service... but after reading this post... there are several reflags and it looks like somebody is dropping the ball, if the company has a lot of new clients, they need to hire competent personnel to help.. and so far it looks that they are not doing it.Im going to keep researching different websites and hopefully find a local law firm that does this type of LLC structuring and asset protection.Has anybody worked with Mark J Kohler?
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9 June 2024 | 2 replies
My current hard money interest-only loan ends in May 2025.To bridge the gap until refinancing, I am considering a short-term private loan (non-hard money or traditional due to the title issue) to satisfy the current debt.
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15 June 2024 | 87 replies
So there is no "intent" of transfer, just the RIGHT via execution of full terms and via completed execution of all terms which in such satisfies all encumbrances does title transfer.
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8 June 2024 | 24 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.
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9 June 2024 | 223 replies
In other words, you do not want the new owner to build something that you think may not create enough value to satisfy your debt if you need to foreclose.
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7 June 2024 | 8 replies
If a cash out refinance, many lenders will allow the cash out to satisfy the reserves requirement.DSCR lenders generally let you vest either individually or as an LLC.
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6 June 2024 | 7 replies
If you are a first time home buyer, it may not be as difficult to satisfy this requirement...