1 April 2024 | 4 replies
Securing 2nd position financing is difficult, and increasingly so when the property is already levered at 70% LTV as your example.
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1 April 2024 | 6 replies
@Kelsey P.Check with your state, you should be able to find what the requirements are for any changes in the lease.30 day notice to vacate is typical for a 30 day lease.I would write up a new lease, give it to your tenant to review and ask them to sign or vacate at the end of the current lease.I wouldn't want any old leases tied to a new lease with an addendum.
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1 April 2024 | 6 replies
Hard money lenders typically focus on the property's value rather than the borrower's creditworthiness, which could be beneficial given your current Chapter 13 bankruptcy status.
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2 April 2024 | 59 replies
Can I get either money (how much typically...worth the attorney fees?)
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1 April 2024 | 1 reply
They are no BS, provide great content on not only questions to ask a GP for example, but WHY you should be asking those questions and HOW to interpret the answers.If you are a GP (like me) its also valuable to understand what questions may be thrown your way.Thus I wanted to share (also I get no referral / affiliate fees to be clear, just sharing a good resource) .
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2 April 2024 | 32 replies
You have a solution looking for a problemMaybe this guy is savy enough, or had his accountant run the numbers, and taxation isn’t a problem like my personal example.
1 April 2024 | 3 replies
For example I was calling around 200 leads a day, around 170-180 answered out of 170-180 I got 5 leads that are willing to sell.
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2 April 2024 | 12 replies
Imagine how quickly the "typical' U.S. family could own a home with no debt if three generations lived together and paid one home off instead of renting three?
2 April 2024 | 24 replies
For example, if you have 700k in a property, and you can borrow a maximum of 70% LTV (loan-to-value), the property will need to appraise for $1 million for the loan to be approved.
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2 April 2024 | 26 replies
It doesn't make a lot of sense to buy somewhere that's not going to rebound quicker and stronger than elsewhere - CA vs OK for example.