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21 May 2024 | 0 replies
The lenders I've spoken with start asking for documentation "to validate the financial viability of the business" even though there's clearly more publicly available information from these companies than any kind of private investment.
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21 May 2024 | 8 replies
Most hard money works like this Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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21 May 2024 | 8 replies
Create columns for Name, Street Address, City, State, Zip and then contact info: Last Contact, Relationship, Status, Email & Phone.IMPORTANT: do NOT ask people for THEIR business, ask for referrals!
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21 May 2024 | 58 replies
I took two business law courses in college.
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21 May 2024 | 9 replies
Quit and started a business which I ran for 15 years.
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21 May 2024 | 5 replies
I showed them the whole business model and spreadsheet...We ordered the Feasibility study and appraisalThen they gave me a Term Letter that states everything even construction cost analysis by their 3rd partyThats where we are atwe have a GAP of $2.7MWe came up with the strategy last night.. that at the very least we need $1.5M cash to pay a balloon payment by June 27 or it forecloses... the lord will not let that happen.So I have the green light from the Lord to talk to all the interested investors as He is opening up the doors of Favor
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21 May 2024 | 8 replies
If you want to buy other properties, I would place that under a business strategy or business goal.2.
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20 May 2024 | 6 replies
Easy to see why REI Nation is such a success as a company and has the track record of excellent performance for your clients.
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20 May 2024 | 177 replies
This is where business is going in the next 3-5 years.
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21 May 2024 | 1 reply
That could include business, law, financial, project management, etc.