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29 December 2024 | 15 replies
Computers can analyze property based on subjective data (square footage, # of beds/baths, etc.) but cannot calculate for objective data (quality of kitchen cabinets/counters, size of bedrooms and bathrooms, view out the living room window, etc.).You should study the market yourself.
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18 December 2024 | 1 reply
Nice - congrats - hard to find Multifamily DSCR Loans at that size but looks like you successfully executed!
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23 December 2024 | 15 replies
Institutional lenders will look at your non/short employement as a negative.
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19 December 2024 | 2 replies
Look for a mid-sized PM company with a strong local presence.
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7 January 2025 | 16 replies
The lesson there is that everyone - be it a bank, your friends, your family, or whomever, are going to judge you on your experience first before they pull out their checkbooks / do your deal; and if you have no experience, I think you are going to have a hard time getting that size deal done as a first deal.
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17 December 2024 | 6 replies
Also Solo 401k could be a better option for you if you're self employed with no FT W2 employees.
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21 December 2024 | 10 replies
No need for tax returns, Verification of Employment, or income.
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17 December 2024 | 3 replies
They are farily easy and do nto require much to get started and the Max LTV is going to be 75% but I have seen some exceptions to 80%.Rates are subject to a few thing like loan amount, property type, number of units, credit score and downpayment.DSCR allows you to purchase with No employment and No tax returns so its a little easier.
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18 December 2024 | 12 replies
Cold calling and direct mail tends to find the most success among small-mid sized teams.
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16 December 2024 | 7 replies
The largest site is about 1/2 way through building a second phase the size of the first phase.All within 10 miles of the power plant.In Commercial or industrial development, you would need both the track record of success and also the financing.