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18 January 2025 | 9 replies
I'd estimate your cash flow after you pay the loan payment would be $600-$800, which a lender that understands investment real estate should give you some credit for on your DTI.As for a bank, I have a specific lender at NBI that I would recommend.
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27 January 2025 | 18 replies
Next Step: With with sparkies quote, I'd get that quote over to sellers and with an amendment all written up ready for there signing giving me a credit at closing for exactly that amount.
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21 January 2025 | 4 replies
Check credit, income, and rental history.
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21 February 2025 | 4 replies
I have a lot of personal experience with BRRRR—both from building my own rental portfolio here in Memphis, TN and from helping both local and out-of-state investors successfully scale their portfolios using this strategy.One of the biggest advantages I’ve been able to offer my clients is structuring deals with hard money lenders in a way that allows them to acquire properties with less than $10,000 out of pocket in most cases which results them in massive cash on cash returns!
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14 February 2025 | 1 reply
I've made about $140k the last two years between my full-time job and some personal injury cases I've settled.
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21 January 2025 | 4 replies
At this point, I would recommend having a line of credit to cover these things so you don't have money sitting in the bank doing nothing when it could be put to work.I have 33 units, no debt except for mortgages, and excellent income.
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20 February 2025 | 4 replies
Are you looking to add more to your company or begin a personal portfolio?
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12 February 2025 | 3 replies
I'm happy to make a personal intro to someone for you if you'd like.
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29 January 2025 | 9 replies
If it is a credit/equity line, you could provide a lender letter that the funds are available immediately for funding - and cured any recission period.
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24 January 2025 | 3 replies
If you have nothing, and make nothing, you declare bankruptcy, wreck your credit and try to go back to renting.