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14 July 2021 | 10 replies
If you're looking for a bank to handle your team's LLC, then any is fine, although you may want to establish a banking relationship with a lending institution that services the type of deal you may want to handle on your own with your holding/operational LLC - i.e. buy and hold SFR/MF, fix and flip, or ground up construction.
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27 June 2021 | 2 replies
The key is developing good relationships with each.
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5 July 2021 | 54 replies
It’s often time consuming but establishes the guest-host relationship which I believe helps with care, respect, etc.
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23 July 2021 | 11 replies
Since this doesn't work for us.Your market looks tight already and sounds like you won't have an existing banking relationship to work from.
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12 July 2021 | 8 replies
We have a love/hate relationship with Chicago.
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12 September 2021 | 10 replies
Looking for other investors in the CSRA/ Augusta area to meet and build relationships with.
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12 July 2021 | 2 replies
@Jada Brown This looks like a nice property.At first glance, the property management seems low unless you have a great relationship with a PM who is willing to manage this for 4%.
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6 July 2021 | 28 replies
Mortgage lender you will build a relationship with over time so as not to have to start from square one every time you go to get funding.
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7 July 2021 | 8 replies
I know several HMLs who lend at 12% with 1-3 points.You might be able to get 10% if you had a long-standing relationship with a private lender but I think you'd be safe to assume 12% if you're just starting out.Yes, HMLs usually want 65-70% LTV max, so that would be 30-35% down.New HMLs will loan that on the after repair value (ARV) but smart/established/experienced ones will loan 65-70% of the purchase price and then set up a draw schedule for the rehab, usually with the borrower funding each stage and then getting reimbursed after an inspection which verifies the funds were spent on that stage of the rehab and it was completely finished.So if you bought something for 100K, the lender might loan 65K, you'd bring 35K to the table.
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6 July 2021 | 3 replies
For my second, I'd like to start building a relationship with a hard money lender.