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5 July 2024 | 11 replies
@Rob WallaceCredit unions typically do not lend to LLC’s I will focus on another topic - I strongly recommend your operating agreement have terms preset if things personally go bad and one has to buy the other out.
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9 July 2024 | 6 replies
If most are not reasonable, I'd tell them clearly they aren't happy with the place and give them the option to move out and break the lease early.
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7 July 2024 | 7 replies
My question is, typically do banks lend on primary/investment properties with such a high price?
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9 July 2024 | 2 replies
These may be a better option as they are built for real estate so they are less generic than your traditional project management software like Monday.com
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7 July 2024 | 1 reply
The challenge that many borrowers run into when looking for larger equity lines with limits of $250k+ is that they typically require full income verification (not always bank statement and DSCR exist) with lower DTI ratios (43-50%) however although the repayment scheduled is based off a simple interest only payment, (usually a 30 year amortization schedule with the initial draw period of 5-10 years) the qualifying rate is based off of the converted twenty year amortization schedule (240 equal installments) of the payback period.
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9 July 2024 | 3 replies
Michael,You have a few options for one you can get a personal loan up to $50K to consolidate highest payments lowest balances to help DTI.
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9 July 2024 | 2 replies
There are other options like resilient channel when hanging drywall etc.
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7 July 2024 | 13 replies
"the typical home warranty costs $450 annually, and only 25% of premiums are paid to homeowners.
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10 July 2024 | 11 replies
At this point in time, I don't think selling would be my best option as I've spent a lot of money on capex items that I would not necessarily immediately get back from selling.
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8 July 2024 | 6 replies
Hi everyone,I'm currently negotiating a real estate deal and would appreciate some advice on how favorable this offer sounds:Price: $3,170,000.0017 units50% down payment5% interest rateBalloon payment in 3 to 5 yearsThey're open to either interest-only payments or an amortized loan structureAdditionally, I'm trying to secure the best financing option available.How does this deal compare to the current market?