
30 April 2024 | 2 replies
Here are some common financing options:Traditional Mortgage: Obtain financing from banks with a down payment, paying off over time with interest.Hard Money Loans: Short-term loans with higher interest rates, often from private investors, suitable for quick acquisitions or credit-challenged investors.Private Money Lenders: Individuals or groups offering direct loans, with terms negotiated privately.Seller Financing: Buyers make payments directly to sellers over an agreed period, with terms negotiated between parties.Home Equity Line of Credit (HELOC): Borrow against existing property equity with a revolving credit line, typically offering flexibility.Real Estate Crowdfunding: Pool funds with other investors via online platforms for various real estate projects, offering diverse investment opportunities.1031 Exchange: Defer capital gains taxes by reinvesting sale proceeds into similar properties within a specific timeframe, useful for tax optimization.REITs (Real Estate Investment Trusts): Invest indirectly in real estate through publicly traded companies, offering liquidity and diversification.Joint Ventures/Partnerships: Collaborate with other investors to share resources and risks, leveraging each other's strengths for larger projects.Subject To Financing: Buy a property subject to the existing mortgage that's in place on the property (doesn't get paid off when the property sells).Assumable Mortgage: Buy a property and assume the mortgage that the seller already has in place.Lease Option: Rent a property with the option to buy it prior to a later date.Debt Service Credit Ratio (DSCR): A loan approved based on the income potential of the propertyThese options cater to different investor needs, preferences, and financial situations, providing flexibility in real estate investment strategies.Thanks,

30 April 2024 | 6 replies
Have something specific in mind for the next purchase?

30 April 2024 | 20 replies
I am not allowed to recommend specific groups on BP, but if you DM me, I will share some of my favorites.

30 April 2024 | 12 replies
This person is asking for specific website.

1 May 2024 | 30 replies
It does however require specific grading (2% over 10 ft extending away from the house).

30 April 2024 | 3 replies
I am considering going to the NPLA event in Atlantic City for 3 reasons: https://nplaconference.com/june-2024-event-registration/1 - Looking for partnering with a hard money lender who may want to expand into Panama to do "Harder Money Lending". 2 - Looking for servicing software3 - Learn more about the hard money lending business specifically in Florida and the US is generalHave any of you been to an event organized by the NPLA?

30 April 2024 | 140 replies
Live within your means, do not get into credit card debt, create and stick to a budget.

30 April 2024 | 7 replies
Tough to say without more specifics.

1 May 2024 | 8 replies
Then once you build up a general knowledge base and understand your exact strategy and the inventory available in your market then you can ask more specific questions to help you along the way.

2 May 2024 | 45 replies
Be ready to give them specific criteria on what you are looking for.