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12 June 2024 | 9 replies
Hi Amanuel,This depends on your strategy but if you are looking to purchase and rehab to add-value before either (i) flipping or (ii) refinancing, you can likely find a product for 15-20% down, perhaps 10% if you're creating enough value.
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13 June 2024 | 8 replies
There is a Bigger Pockets investor that started with some successful Airbnbs he personally manages of his own in Nashville TN & Columbus Ohio.
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14 June 2024 | 4 replies
My question is - does the 7 feet per person equilibrium rule apply to total NRSF in the 3 mile or can that be broken down by class (cc vs non cc, facility age, etc) and the 7 rule applied as a cap to each individual class?
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14 June 2024 | 2 replies
It was inmy LLC name but I personally guaranteed it foolishly using my house as collateral.
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11 June 2024 | 14 replies
I know of one person in Oregon doing it, but he doesn’t want to share how it’s done.
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14 June 2024 | 7 replies
If you want to use the VA loan, I would just go ahead and do it in your personal name and just make sure you have a good insurance policy (the first line of defense).
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11 June 2024 | 16 replies
as Update to this post from 6 years ago, there are heloc's on owner occupied 2-4 unit properties up to 89.90% CLTV or combined loan to values (meaning multiple loans but all together not exceeding 90% of the value).Terms typically areinterest only first 10 years and drawable from the lineyears 11-30 its Principal and interest payment Prime index/rate + margin (this portion is fixed but prime is not)underwriting is done assume prime + margin + 2% stress test for underwriting meaning if your prime + margin was 10% then your underwriting rate used to determine your maximum line you can qualify for would be 12% rate as an example based on principal and interest payment over 30 years or 360 monthsIncome is the main determinant of your qualification and fico min 680+ is just the min score to get through the "front door,"Maximum DTI or debt to income allowed is 45% DTIMaximum lines on this product go from 500-750k so you can get a decent line size that can actually buy other BRRR's or fix flips and deals.
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12 June 2024 | 8 replies
I've seen several that have rental restrictions, so you may run into this when looking at the single-family product.
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13 June 2024 | 7 replies
Best way to find a lender is from someone referring from personal experience .
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11 June 2024 | 0 replies
Information sought to be protected by an NDA must be specific so that there is no ambiguity, and for the courts to consider the agreement reasonable.Examples of information protected by NDAs include trade secrets, financial information, customer information, intellectual property, product formulae, product information, business plans, contracts with other organizations and computer codes or access processes.Sometimes, defining confidential information is hard because a whole lot of information is involved, especially in unilateral NDAs.