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28 January 2025 | 14 replies
Very good resource for getting set up with STR property managers, cleaning services, realtors, lenders, etc. https://www.getchalet.com/
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23 January 2025 | 10 replies
You'll achieve a higher ROI.
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24 January 2025 | 42 replies
Throughout this process, at your direction, AHP Servicing will service the loan and Activist Legal will facilitate the receivership and completion of the foreclosure.
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13 February 2025 | 35 replies
I am a long-term investor, but I also provide services to long-term investors, so my advice is biased toward that option.
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19 January 2025 | 11 replies
The only way to achieve this is by looking at and doing real deals.
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29 January 2025 | 24 replies
Choose the one that offers the best deal and service, and you'll be set to move forward with the process.
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26 January 2025 | 43 replies
You could probably just go buy a different investment property and achieve the same returns.
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27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option.
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27 January 2025 | 18 replies
Under 100amp service - very difficult to insure.
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10 January 2025 | 17 replies
I recommend a few things: define what you want to achieve and why investing in the US is the vehicle to achieving that ROI.