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19 January 2025 | 10 replies
Most lenders require proof of someone else paying the note for around 9-12 months so that the debt isn't counted in their DTI calculation.
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16 January 2025 | 2 replies
I calculate the returns on the entire investment, since your debt applies to the entire investment.
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14 January 2025 | 1 reply
We have tried multiple local collection agencies, and we have not received a penny for over a hundred thousand dollars of bad debt submitted to them.We keep hearing, "It takes time" but it's been well over a year with the most recent one.
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5 February 2025 | 17 replies
Alternative Lenders – Look for private lenders or debt funds that focus on asset-based lending rather than borrower experience.
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4 February 2025 | 7 replies
That might even be enough to make it hard to be hired by a traveling nurse agency.BTW, I am not a lawyer that can give legal advice.
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29 January 2025 | 2 replies
It is right on the fringe of being legal/illegal, and lawmakers have been talking about how to regulate it for years because it can be a dangerous process that leaves end Buyers feeling like they weren't represented.....especially when they see the closing statement and find out how much the wholesaler made just by getting to the Seller first.
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11 January 2025 | 420 replies
MYTH: transferring debt to heloc will pay Debt off soonerBUSTED!
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31 January 2025 | 22 replies
DSCR Loan (10% Down Possible)Debt-Service Coverage Ratio (DSCR) loans are based on the rental income, not your personal income.Some lenders allow 10% down, though 15-20% is more common.6.
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15 January 2025 | 144 replies
You paid 1% origination, closing, legal etc, and 4.5% interest.
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31 January 2025 | 121 replies
Because I'm not an accountant or versed in tax code and law wouldn't I want a CPA to ensure everything is legally tight and as advantageous as it can be?