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24 January 2025 | 12 replies
In other words, not resold to the government so the bank had more flexibility on the condition.I look at the original commitment letter and it states "xxx amount will be advanced at closing for the purchase of an investment property, and the remaining balance of the loan to be placed into an escrow account to be disbursed as improvements are made".No points, and only one closing, so I don't have to deal with a short term HML that I have to refinance in under a year.Hope that helps!
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8 February 2025 | 1 reply
You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.
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1 February 2025 | 0 replies
I've noticed that properties with virtual tours tend to get more engagement online, and investors/agents who use them often say they help attract more serious buyers and renters.
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6 February 2025 | 9 replies
I actually went to a REI meetup yesterday, and I was able to find a lender to help me out.
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4 February 2025 | 12 replies
I second what has been said about using a HELOC to help fund your purchase and rehab.
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7 February 2025 | 6 replies
Happy to meet for lunch sometime and talk about how we can help each other!
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6 February 2025 | 7 replies
Whether you’re an experienced investor or just starting, understanding the dynamics of JVs can help you grow your portfolio and achieve your financial goals.1.
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27 January 2025 | 15 replies
Happy to go through some details on that if that'd be helpful.