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19 May 2020 | 53 replies
Of course there are a lot of factors, like: your systems in place, ability to purchase multiple properties fitting your established criteria, funds or loans available etc.
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10 September 2020 | 12 replies
It depends on the individual deal, the market you’re in, your experience, your ability to add sweat equity...
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1 May 2020 | 6 replies
You need to do an analysis of the common elements, their expected replacement values, and compare it to their budget and reserves.
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1 May 2020 | 3 replies
In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.
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30 April 2020 | 1 reply
With that being said, depending on the market and scope of work, a lender may be willing to stretch the parameters for you but they will want to see the team you have in place as well as some ability to debt service the loan.Now to your first sentence in your question, most hard money lenders will not extend you a loan if you are going to be living in the property.
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3 May 2020 | 4 replies
Also, your experience as a park operator will have significant impact on whether a loan is considered, as well as your ability to negotiate the terms of the loan.
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13 May 2020 | 7 replies
They don't typically look at you so much as they look at the deals ability to produce sufficient income for the debt service.
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4 May 2020 | 2 replies
No, independent contractors have the ability to apply for a PPP loan on their own so they do not count for purposes of a borrower’s PPP loan calculation.And page 15 paragraph p. states:p.
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4 May 2020 | 2 replies
With my limited knowledge what I bring to the table is the ability to research, analyze, and provide hands on work experience.
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7 May 2020 | 6 replies
My biggest question is whether I have the legal ability to build a 2 car garage that can hold a campervan's height with an ADU above it, or do I need to consider 'popping the top' in some realm and keeping putting the ADU above my property.