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7 January 2025 | 5 replies
True that. 99% of people will stay on the internet, analyzing deals and doing research but when the time comes to pull the trigger on a deal they'll do absolutely nothing.
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13 January 2025 | 11 replies
And when you said the management company takes a 550 credit score , all I see in your future are evictions .
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20 January 2025 | 1 reply
But without the experience, knowledge and capital (actually CREDIT CAPACITY) I accumulated the prior 2 + years, this transaction would not have been possible.
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12 January 2025 | 8 replies
Another work around that isn’t discussed much is working on a strategy with your insurance company to protect your other assets in the event of a claim.But also, it wouldn’t be a bad idea to consider getting the financing into your LLc name with a community bank and pulling cash out if you have substantial equity.Right now, since the loan is in your name, it shows up on your personal credit report.
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16 January 2025 | 7 replies
This is the max it seems most "A" lenders will loan too, I might get 50% from a credit union but that still probably not help in the short term.How do people keep going?
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15 January 2025 | 15 replies
You said "100% of our funds were investors" then "my capital came from bank Lines of credit NO investors", so wondered exactly how much of the 100% was replaced.
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14 January 2025 | 6 replies
Rate will be highly dependent on loan size, credit score, LTV, location, and property type, as well as a few other factors.
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24 January 2025 | 4 replies
Once we changed to charging a fee, proof of ability to close, good income, a sizable reserve and reasonable credit, the students not only started taking the training seriously but actually began buying properties for their retirement.
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17 January 2025 | 19 replies
Go wtih what works - but intelligently.We offer a free month of rent, but to avoid desperate people, we credit 50% towards their 2nd month (to make sure they can afford 1st month rent + SD) and then credit the other 50% the 5th month.
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7 February 2025 | 12 replies
You end up having to sell to someone with higher down payments, better credit, better operating plan, and 100% investors who never want to pay top prices.