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29 November 2024 | 9 replies
It should also be noted that there is often a difference between the borrower and the guarantor.If the loan is made to an entity (LLC, corporation, trust, etc.)
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5 December 2024 | 8 replies
I ran some quick numbers and would estimate (assuming you have good credit) you could borrow around $415k-$420k, which includes funding 100% of the rehab costs.Have you calculated your expected profit based on selling after rehab and if you decide to keep long term?
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6 December 2024 | 21 replies
They prioritize the relationships they have with their customers, but, just like others mentioned since they are so big, it can be easy to get lost in the sea of other borrowers.
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2 December 2024 | 5 replies
Yesterday, we went to the garage to store more supplies, we found out they8 were using my patio chairs for their thanksgiving party without even asking me if they can borrow them.
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28 November 2024 | 10 replies
Streamlined Financing: By using multiple properties as collateral, borrowers can consolidate loans and simplify their financing arrangements, making it easier to manage payments.4.
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22 November 2024 | 1 reply
Borrowers: what they say……..what they mean1.
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27 November 2024 | 10 replies
The most obvious example is when a borrower misses a payment, or two, or three.
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2 December 2024 | 33 replies
Now if you can buy at a 6.5% return and borrow at 5.5% then, yes, borrow as much as you possibly can and get more assets.
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28 November 2024 | 5 replies
If FNMA, FNMA allows transfer of deed to LLC if mortgage originated after June 1, 2016 and original borrower owns a majority interest in the LLC and any 12 months of owner-occupancy is first met:https://servicing-guide.fanniemae.com/THE-SERVICING-GUIDE/Part-D-Providing-Solutions-to-a-Borrower/Subpart-D1-Assisting-the-Borrower-with-Property-Related/Chapter-D1-4-Transfers-of-Ownership/Section-D1-4-1-Information-Relating-to-Transfers-of-Owner/D1-4-1-02-Allowable-Exemptions-Due-to-the-Type-of-Transfer/1041300841/D1-4-1-02-Allowable-Exemptions-Due-to-the-Type-of-Transfer-09-09-2020.htm
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2 December 2024 | 21 replies
Like Brandon mentioned - you sound like the picture perfect classic "DSCR Loan" borrower - dscr loans are made for exactly this typically - LLC friendly and usually the best fit for when investors hit the 5 or so property mark and hit a roadblock with banks, cash etc like you desribed.Check out this 12-part article series published here on BP on all about DSCR Loans, hope it helps!