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2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.
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6 December 2024 | 21 replies
To evaluate an advisor, consider their track record, flexibility, and compatibility with your goals.
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5 December 2024 | 554 replies
I'm believe all property records will be kept and stored on the Blockchain.
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9 December 2024 | 38 replies
I also record every charge in my check registers as a debit so when I do pay the balance it as already been ‘deducted’ from my checking account balance.
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28 November 2024 | 5 replies
Create a Limited Liability Corp [LLC in my state] and recording the deed into Commonwealth.2.
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27 November 2024 | 6 replies
That is a great first post and also an awesome world record.
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1 December 2024 | 68 replies
If the potential investor is still not convinced, he states that since 2012,every loan note has been repaid, a better track record over 12 years than any lender in American business history.
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3 December 2024 | 9 replies
One other thing to look for in a future architect, is one that has a track record of working with developers AND knows the entitlement processes for the very specific type of development you are doing.
26 November 2024 | 3 replies
Public RecordsIn various stages of the foreclosure process, notices are recorded with the county clerk at your county recorder’s office.
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28 November 2024 | 1 reply
You will have to have a good track record of revenue for an unsecured loan though.