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3 September 2024 | 7 replies
A general credit line, on the other hand, could be secured by other assets or unsecured, and doesn't necessarily involve your home equity.HELOC Characteristics: - Uses your home as collateral - Usually has a lower interest rate than unsecured credit lines - Typically has a variable interest rate - Allows you to borrow up to a certain limit, repay, and borrow again during the draw period - Can be used for various purposes, including home improvements, debt consolidation, or as an emergency fund While it's possible to use a HELOC for RE investing or rehab projects, some lenders may be hesitant about this use.
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4 September 2024 | 14 replies
Fredricksburg and Galveston are big draws in Texas and the Southeast alike.
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6 September 2024 | 19 replies
The internet has a way of highlighting all the scams out there, but fail to mention the ones that are doing good work.I lack the charisma, but I do have a soul and a successful community.This is exactly the type of response Nick's comments would draw from the type.The best coaches in the world have nothing to sell you, have done mostly everything you're trying to do and pass the guidance without being loud about it.
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6 September 2024 | 24 replies
It takes months to years to recapture those expenses, and it draws the true annual ROI far lower than many account for.
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5 September 2024 | 11 replies
Looking at it from both ends (as I was an investor before I was a lender), to me an investor friendly lender is one that understands what is important to investors and operates their business to accommodate their needs while at the same time making it a win-win transaction.Examples:Have the rehab draw request be non-cumbersome and as seamless as possibleOffer maximum lending (use of leverage) and minimal down payment to help stretch the borrower's funds, even for lesser or non-experienced borrowers.Have the loan NOT show up on personal credit reports.
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2 September 2024 | 3 replies
Timelines and capital required are obviously higher when pouring larger foundations for a tower and craning modulars together on the site, but if you had a blue print/drawings in hand their timelines are as follows:6 weeks in the factory 1 week deliver Laydown site Shuttle to actual location where crane is Crain in 4-5 days3 months of finishingHope this is helpful!
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31 August 2024 | 11 replies
So you're drawing them yourself?
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1 September 2024 | 10 replies
HELOC allows us to draw and use the line again.
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7 September 2024 | 85 replies
We are here to work with you as much as needed, but do ask that you have all the information about a situation before drawing conclusions.
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31 August 2024 | 2 replies
However, if you wanted to be perfectly buttoned up, you could draw up a contract between your LLCs and they could share in the expense for this PO Box.