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13 February 2024 | 3 replies
I’m also beginning the process of getting my real estate license.
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13 February 2024 | 2 replies
FICO NEEDEDPointsUnderwriting processing feeLoan to valueMinimum loanDown paymentReservesProperty typeCondo requirementsNon warrantable condoRehabCash outVesting requirementsBorrower typeNumber units4-8 unitsFHA LoansUSDA LoansVA LoansFannie/FreddiePrime MortgagesJumbo LoansDSCR LoansBank Statement LoansForeign National/ITINAlt-Doc LoansNon-QMCDFIRental LoansHard MoneyDue in XPrepayment penaltyBuy out of prepayFix & FlipBridge LoansP&L LoansNonprime
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13 February 2024 | 0 replies
We are in the process of getting this property ready for promotion on STR/MTR sites.
13 February 2024 | 2 replies
I am finally in the process where I am on under contract on my first fix and flip house.
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14 February 2024 | 19 replies
I am just in the process of accessing some equity from a building to be able to leverage it to fund the next building.
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13 February 2024 | 1 reply
.- Minimal Hassle: Seller financing eliminates the need for bank involvement, reducing paperwork and streamlining the sales process.- Assured Sale: Choosing seller financing may attract a broader pool of potential buyers, beyond myself, increasing the likelihood of a successful sale.I believe that by working together, we can find a solution that benefits both of us.
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13 February 2024 | 1 reply
While effective in some markets, be sure to check local regulations regarding their use.Real Estate Auctions: Attending auctions can be a way to find properties at a lower cost, though it requires upfront capital and a good understanding of the process and market values.Remember, the key to successful wholesaling is not just finding deals but building relationships with both sellers and buyers (investors).
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13 February 2024 | 2 replies
What I need help with is: - knowing where to start- knowing the right resources (youtube, books, people) to get in my corner- guidance on how to crowdfund (I would bring in multiple capital partners for this as the property likely will be expensive...we are in Loudoun County, VA)- an experienced commercial realestate investor to help with guidance on this process.
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14 February 2024 | 26 replies
Understanding how to work with the brands and the PIP (property improvement plan) process are extremely important to underwriting hotels.
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13 February 2024 | 25 replies
This is because it’s the fastest way to achieve $1500-$2000/ month passive (when I’ll be 25 years old) which will also give me a HELOC, allow me the option to leave my job and get a less strenuous one, and be able to provide to my family and repeat the process but a lot faster.