Charan Angara
Potential STR Investment Prospects for a Newbie in Houston and Surrounding Markets
16 January 2025 | 4 replies
I would possibly look into some other options in the regions.Good luck!
Joseph Hossenlopp
Minoan to furnish rental properties
17 January 2025 | 28 replies
There is a processing fee if you choose the credit card option, but a direct ACH has no additional charges.
Robert Medina
Attempting to brrrr but having issues
15 January 2025 | 8 replies
A third option could be to sell.
Ray Tetu
Best WATER METERING purchase options?
19 December 2024 | 1 reply
They should have local options with teams they approve of.
Ven Bud
Rookie question on negative cashflow investment
13 January 2025 | 7 replies
Out of state investing in cities within a reasonable driving distance may be a good option.
Bill Goodland
Favorite Tools for Building Distressed Owners Lists
15 January 2025 | 13 replies
It also identifies signer names within the documents, allowing you to uncover the owners behind the ownership entities.Currently, lenders primarily utilize the platform to monitor client and bank activity, but we're exploring options to tailor the tools for investors.
Jenna Schulze
Best city to begin investing
8 January 2025 | 34 replies
Through my research, it says that Cleveland and Toledo are both good options for real estate investing.
Adedayo Adetunji
Stranger occupied property without consent
8 January 2025 | 5 replies
We get just as frustrated because the system is a bit "broken":(I believe the team is in communication with you about your options - just be sure to also let us know your choice to secure the property to deter squatters as cost-effectively as possible.
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: 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.
Timothy Finney
New Member from Austin, TX – Excited to Begin My Real Estate Journey
18 January 2025 | 6 replies
Focus on neighborhoods near employers or schools, and explore slightly outside Austin for more affordable options.