Grant Shipman
Syndicators & Capital Raisers: Avoid SEC Trouble!!
29 January 2025 | 2 replies
That means:š« No posting on social mediaš« No blasting your deal to an email list of strangersš« No promoting your syndication on a podcastThe SEC is clear: āNo general solicitation or advertising to market the securities.āIf you want to publicly advertise, youād need to use Rule 506(c)āwhich requires investor verification and limits you to accredited investors only.šØ Warning: If you advertise a 506(b) deal publicly, your entire offering could be invalidated, leading to legal consequences.2.
Darlene S.
Avantstay pros cons for an owner? Short Term Rental
24 January 2025 | 36 replies
IĀ had to look it up but it looks like they are selling it from an inclusive package experience for the renter.Ā
Justin Silverio
BiggerPockets + Invelo - Here's what you get
9 January 2025 | 43 replies
Also, right now we are utilizing FB but we may change this next year to a platform outside of FB for better interaction and more security.
Sofiya Cherni
Montgomery County, MD non-refundable pet fee change start date
28 January 2025 | 11 replies
You can not do a pet deposit unless your security deposit is less then 1 months rent.
Anthony French
Any ideas or information finding funding for a development
27 January 2025 | 6 replies
Securing funding has been challenging, particularly because my business documents reflect low revenue from only one duplex, and I am currently between jobs.I have identified a reasonably priced piece of land and have saved a small portion of the funds from my duplex sale to invest in this venture.
Andy Wang
Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
27 January 2025 | 7 replies
Here are some general guidelines:Ā Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.Ā
Richy Johnson
need help structuring terms for a multi family or apartment complex
29 January 2025 | 5 replies
Quote from @Jaren Taylor: Quote from @Chris Mason: If you have the ability to market and raise money, then you secure the down payment, and do the normal commercial mortgage process.Ā
Phillip Austin
TREND - PM companies offering financial assistance for security deposit down payments
27 December 2024 | 8 replies
Quote from @Phillip Austin: There are two alternatives to a security deposit, which I speak about in my book.
Account Closed
PM needs ss#
22 January 2025 | 14 replies
Quote from @Zara Massoud: Your new PM is correct and the old ones were wrong.The property manager must have your social security or tax ID number on file.
Clarase Mika
Did You Know You Can Purchase Property in Germany With Only 5-10% Down? Hereās How
24 January 2025 | 0 replies
Residency StatusWhile stationed in Germany, you qualify as a resident, which makes securing a mortgage easier.Even if you're not a resident, many German banks will lend to non-German citizens who can demonstrate financial stability.2.