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12 January 2025 | 2 replies
I have a pretty large emergency fund in place for those properties, but I wonder if that capital could be better employed elsewhere (potentially acquire another property).
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21 January 2025 | 2 replies
Pitching them on your track record and offering them a passive role with attractive returns can be a solid way to bridge the funding gap.Shoot me a message if you want to talk more, I’m always looking to align with people making bold moves in this space!
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15 January 2025 | 7 replies
While they mostly aren't lying, they leave out a lot of reality.Why would a government funded program like S8 pay MORE than market rents?
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27 January 2025 | 65 replies
I fund their deals 100% they make money I charge nothing up front I only make money when they make money we get paid the same day off of the HUDs..
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23 January 2025 | 5 replies
Most lenders are going to be limited to 70% of ARV ($560,000 total loan amount) but that means they could fund 85% or a bit higher of purchase price + rehab ($560,000/$645,000 = 86.8%), which is solid.
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16 January 2025 | 21 replies
Not a lot of our competitors offer this but it's something we can consider (but for us, it can't be in a rural area, the loan amount must exceed $150k, if we're using PadSplit income (or STR/MTR income) the max LTV is 75% and the down payment must come from your own funds).
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24 January 2025 | 5 replies
I currently have around 100k tied up in sticks right now which I would prefer to leave in and just continue to save with the plan of getting a place in the next few years, I would get a second job to raise the funds.
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16 January 2025 | 5 replies
Other than paying for an appraisal or BPO (and maybe a credit report), you should not pay a lender anything until your loan funds.
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14 January 2025 | 3 replies
Is it better to have a job or business that is doing well, then funnel the money into larger projects, if my desire is to be one of the main GP for like 33-100 unit multifamily projects?
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23 January 2025 | 6 replies
If they are up for renewal and you elect to non renew them you must stop accepting funds from the occupants after the lease expires (accepting rent after the lease expires may make it appear you have a tenancy at will agreement).