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5 May 2024 | 17 replies
There are some that don't charge interest on the money for the rehab until you're reimbursed from the lender on it.There are other lending guidelines out there such as: -Any level of investor experience-Funding in as little as 10 days-Credit scores as low as 640-Non-owner occupied Single Family, Multi Family up to 4 units property types-Purchase Loan Amount – up to 90% of Cost (depends on area you're purchasing and if you have a higher credit score)-Rehab Loan Amount – up to 100% of Cost-75% maximum after repair value-12 to 24 month loan term with Interest Only payments.
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4 May 2024 | 10 replies
If cash hits your account, that is often seen as "accepting" a partial payment.Our system will not allow any resident to make a partial payment.
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4 May 2024 | 3 replies
Zoning laws typically want to keep single family neighborhoods as single family neighborhoods.
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4 May 2024 | 7 replies
That’s $30,000 over the five-year hold.Just for kicks, notice the same value invested in a “high” interest savings account (earning 1%) over five years would earn a measly $5,000.That’s a difference of $25,000 over the span of 5 years!
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4 May 2024 | 9 replies
Please comment/connect with me if you are a:- Property Manager- Hard Money Lender- Contractor- Tax Professional/Accountant- Insurance Agent- Real Estate Attorney- Financial Advisor- Meetup Organizer- Wholesaler- Other InvestorI live in Scottsdale so hope to connect with people local to the Phoenix area, but always open to connect with other people in the state or even nationally!
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6 May 2024 | 30 replies
Imagine if your inspector said everything was fine and he couldn't find a single thing wrong with the house.
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5 May 2024 | 3 replies
Even a single-member LLC can be claimed here as well.I have included an image of the page below and you can see the basic layout: Income and Expenses mostly.
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4 May 2024 | 2 replies
They would most likely use your liquid assets (cash, stocks, retirement account) to qualify to make sure you have enough for downpayment + closing costs.
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4 May 2024 | 6 replies
As you pointed out, the adjacent property is RSA-5, which is a single family district.
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4 May 2024 | 6 replies
The property price is $95kim buying under my llc (I am single owner)no I don’t plan on rehabbing already done, I was going to bring in $26k cash to close.loan was for $72k