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3 February 2025 | 7 replies
Simply amazing and very informative.
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19 January 2025 | 11 replies
with that said, I don't know that seller finance will let you grow more quickly.
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7 February 2025 | 21 replies
I would like software that will grow with us.
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30 January 2025 | 0 replies
Purchase price: $115 Cash invested: $17,000 This is my first fix and flip.
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22 January 2025 | 3 replies
Once the TSMC is really up and running, it will only amplify that.
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5 February 2025 | 4 replies
Maybe one the contributors on BP will see your message and start something like that.
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20 January 2025 | 22 replies
I recommend selecting an investment city based on the following criteria.Key Criteria for Choosing an Investment CityRents Must Outpace InflationFinancial freedom depends on rental income growing faster than inflation.
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7 February 2025 | 11 replies
Hey Max my business partner and I are agents and investors here in Phoenix ourselves.
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16 January 2025 | 12 replies
Our first accepted offer was a 320 unit deal that we contracted, put up non-refundable (yeah, I know) earnest money, and thought we had our financing and money in place to do the deal. 2 weeks before closing a major (several million) partner pulled out leaving us short of the funds needed to close.
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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.