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2 March 2024 | 4 replies
They are charging me a rent increase, month to month fees, and several other fees.
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29 February 2024 | 1 reply
Hello,Seeking recommendations for a digital program to get multiple signatures on a lease.
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1 March 2024 | 5 replies
You can seek out a Realtor that is experienced in foreclosures if you already have a specific property in mind as you’ll likely need to move on it quickly if it’s already listed.I would advice to find someone local to help guide you.
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1 March 2024 | 15 replies
Details below...We need a FAST cash-out loan product that requires only the personal guarantee of my business partner (60% ownership) to be used for: completing the remaining rehab and getting the 1st house rent ready, paying off revolving credit accounts to get her credit score up, and funding the other projects we have in the works.To help bring you up to speed on what's transpired over the 11 weeks we've been in business...We started our business on Dec 1, 2023, leveraged our "then" good credit/high w2 incomes to bootstrap the startup, assembled a rehab team, and are now about 2 weeks out from the completion of our 1st rehabbed property.We've closed on 3 properties, all owned free/clear, and have paid for renovations with personal funds/credit.My credit score was 810, but is now 592, due to excessive debt but 100% on-time payments, therefore can't personally guarantee a loan.My business partner's score is currently in the 700s, but likely wont be for long, due to her revolving credit % continuously increasing, as we push towards the completion of the first rehab utilizing her remaining credit on her CCs.Recently, I started researching the underwriting timeline for DSCR loans.
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4 March 2024 | 59 replies
As your business grows, you can seek out a CPA with real estate expertise to help you scale.
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1 March 2024 | 4 replies
Readers are advised to seek professional advice.
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2 March 2024 | 11 replies
With $50k in a CHEAP market that is still possible although increasingly difficult, but with successful BRRRRS, each iteration could see a modest boost in capital along with cash-flow going towards future purchases.
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1 March 2024 | 13 replies
Good for you - exciting path for increased cash flow!
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2 March 2024 | 5 replies
If you feel strongly about her potential as a good tenant, why not offer her lower rent and slowly increase it as her situation improves.
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1 March 2024 | 6 replies
What you are seeking here is an acquisiton/bridge loan.