
21 February 2025 | 250 replies
If they raise interest rates another level of banks will go into default.

20 January 2025 | 10 replies
I've also used traditional loans through regional banks and a few SBA loans.

16 January 2025 | 2 replies
That is a true portfolio loan with a commercial loan and through a commercial lender or bank that provides portfolio lending.

26 January 2025 | 43 replies
They also could have a mortgage that could not be satisfied by the price and in that instance, again the bank would not release it - so again stuck.

21 January 2025 | 4 replies
Proof of funds would be a bank statement or some other document indicating the liquidity you have.

22 January 2025 | 8 replies
For bookkeeping purposes, I recommend designating a separate bank account exclusive to the house hack activities to keep some sanity.

15 January 2025 | 8 replies
The process protects both their system and users against fraud and aligns with banking regulations, especially given the financial data involved in property management.

24 January 2025 | 0 replies
Common sources of such properties include:Foreclosures: Homes that have been repossessed by banks due to non-payment.Distressed Properties: Homes that are in poor condition and need a lot of work.Auctions: Properties sold at auction for below market value.Off-market Deals: Properties that aren't listed on the MLS but are available for sale through direct outreach or networking.The key is to buy a property at a price low enough to ensure that even after renovations, the home will appraise for a higher value.2.

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.

5 January 2025 | 2 replies
I plan to BRRRR this property to pay off the seller and get my money out and was wondering if you anyone has any suggestions on banks that can do refinances for mobile homes.