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16 March 2020 | 68 replies
They have too many controls in place to “protect” the large corporation.
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10 January 2020 | 13 replies
About two years ago, I sold a business that I created to a large corporation.
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14 January 2020 | 5 replies
Currently I work in meeting consulting planning corporate conferences, which is what I studied to do in college.Since early college I have been an investor in the stock market (long-term investments).
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10 January 2020 | 2 replies
Is the lender local or a national company/bank?
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13 January 2020 | 3 replies
@Christoph Berendes from here out you are never ever to apply for a loan on an investment property at a large, national, publicly traded bank ever again.
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15 January 2020 | 3 replies
Hey there NP Nation, I’m back again to share my most recent project just completed.I purchased this single family deal just over a year ago for $850,000.
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11 January 2020 | 1 reply
Habitat for Humanity while a national agency, is a very local program.
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12 January 2020 | 6 replies
Thank YouHi Justin, commercial lenders will be looking for the following but subject to lender and product-specific: (There are niche lenders)Investor Only - loans to Individual, LLC, Corp and Limited partnershipAppraisal of propertyUS or perm resident (some will lend to foreign nationals at 65% LTV and higher rates)3 mos PITIA and closing costs (some will use loan proceeds for this if within LTV thresholds) 3 mo bank statement for proof30-day ownership seasoning on refinancing (some 30 days to 90 days)No tax returns, DTI calculations or income qualification (most)LTVs up to 80% (some sweet spot is 75% for cash out)DSCR 1.0 -<1.3 (some will look at this but some won't sweet spot is 1.2)Credit 650+ (credit will impact rate and LTV)Min Property Value $75K (Higher min in certain areas)Lease or unleased (must be rent ready .. rate may vary)Min Loan Amount (lender specific rates will vary on amount)5/1 ARM, 7/1 ARM, and 30-yr fixed-rate structuresNo sourcing or seasoning of funds (some will ask for 30-60 days seasoning)Must own primary home (lender specific some do some don't)
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10 January 2020 | 1 reply
I have a question about this quote that rich dad poor dad, Robert Kiyosaki stresses on, ""One method that really helped me enhance my control in making money came from creating a corporation.
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16 January 2020 | 4 replies
A corporation can do many things that an employee or an individual cannot, like pay expenses before paying taxes.