8 February 2025 | 10 replies
Incidentally, I cancelled last year when it auto renewed as well - I guess I've got to completely delete my profile and close the attached credit card for a cancellation to stick?
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5 February 2025 | 5 replies
In 2020, 2021, 2022, And even some of 2023 We were closing on the sale of probably 10-20 properties a year from our portfolio and we were buying roughly the same number.
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8 February 2025 | 7 replies
It won't be 100% accurate, but it will be close enough.
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4 February 2025 | 10 replies
With a private auction of an already foreclosed property, you will usually be allowed as part of the closing to have a title search done and to buy title insurance.
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19 February 2025 | 4 replies
There are a bunch of properties that run on Padsplit in Jonesboro (even closed on a few weeks ago).
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10 February 2025 | 9 replies
I know that i could buy my next multi family property as a primary residence close by move in, rent half live in the other and than rent where i am now which would cash flow upwards of 1k monthly, or i could buy another multi as strictly an investment property out of state which would be a lot cheaper (taxes and cost of property) and a lot more landlord friendly laws than New York, i guess i’m just undecided on which route i want to take and I’m trying to weigh the pros and cons of each scenario.
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5 February 2025 | 4 replies
If you closing costs are also 10% of $350k thats 35k so you are at $315k - great you made $10k.
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24 February 2025 | 8 replies
If the property is close enough, you can also forego the property management and handle it yourself in the short term.
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18 February 2025 | 17 replies
The great part about contacting the CDC directly (and a large one such as TMC) is they can make referrals to banks that would be interested in your project (i.e. banks that have been actively doing SBA hotel loans)...rather than you having to chase down the bank first, which can be very difficult.Regular commercial lending requirements are applicable (will vary by bank):1 - no bankruptcies2 - no foreclosures3 - FICO > 7004 - net worth >= loan amount5 - post closing liquidity >= 12 months of P&IIf this works out, you are going to be glad that you made this post.
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8 February 2025 | 3 replies
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