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5 December 2024 | 12 replies
The sky’s the limit, however, depending on the sophistication and the amount of due diligence help you request.
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7 December 2024 | 2 replies
I was hoping this was going to happen so I wouldn't have to take time out of my day to send in the BOI on all of my entities!
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5 December 2024 | 6 replies
If you would like to get more than the cash you paid for the property and use the new appraised value, the shortest period I've seen is 3 months of waiting period between when you closed on your last loan or transaction to when you close on your next loan / transaction.More on DSCR loans in case helpful: DSCR loans won't use your income to underwrite the loan.
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8 November 2024 | 5 replies
@Connor Chatlos I would say the part AFTER a client signs a contract is when the real fun begins.
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5 December 2024 | 2 replies
Under the Corporate Transparency Act, LLC's are required to file a Beneficial Ownership Information (BOI) Report.
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13 November 2024 | 13 replies
Depending on the rehab budget, you would be looking at up to 90% of the purchase price, 100% of the rehab, capped at 75% ARV.
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5 December 2024 | 1 reply
I've discussed with the county phasing the buildout in 2 steps, building 2 units at a time.
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5 December 2024 | 6 replies
Quote from @Nicholas Dillon: Basic math on a napkin.When you cash out the equity, you borrow it from the bank.