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5 June 2024 | 274 replies
Does anybody know how long one can take out a $30k - $40k loan with hard money... generally speaking?
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3 June 2024 | 9 replies
I ask because you will find that a lot of lenders require prior rehab expereince for a fix and flip loan.
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31 May 2024 | 2 replies
I'm wondering if anyone has experience with VA loans and the 1 year residency requirement before you can use the home as a rental.
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2 June 2024 | 3 replies
Hi guys, I am self employed with no proof of W2s, i make a living buying cars at dealer auctions and leaving them on a local used car lot on consignment, I have $30k liquid and around $90k tied up in my current vehicles, usually my vehicle inventory is sub 11, I want to get into the real estate game but in my situation im guessing its hard to get a good deal in getting a loan, I am single, no debt or responsibilities , ideally i would like to start with a single family home but in the current market so high i would even consider condos/town homes.
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3 June 2024 | 3 replies
You can do the math, but assuming it takes 6 months to get your money back you will be floating these types of purchases with cash or hard money loans.
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31 May 2024 | 2 replies
I'd recommend nothing shorter than 5 years.Regarding your specific questions:1) Yes, any competent closing agent (title company or attorney, depending on your state) can prepare the note and security instrument (security deed, mortgage, etc.) you need.2) See 1.
1 June 2024 | 12 replies
The injured tenant was taken to the hospital, and based on the footage from my security camera, which I have because I live in the same building, there was no provocation for the attack.
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1 June 2024 | 5 replies
@Sam ChicquenSam, little late to this but I’m an investor/agent based out of Tampa Florida.I like Tampa and the surrounding markets for its cash flow and appreciation potential.There are still a ton of mom and pop investors that own commercial multi (5+) and I’ve had some good luck connecting with these owners and purchasing from them.The last deal I did was a commercial off-market value-add multifamily and was able to secure seller financing.Downside is flood insurance has gone crazy down here and can really kill some deals.Happy to help you with your search.
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2 June 2024 | 2 replies
The lot is already split but my loan is for both lots together.
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31 May 2024 | 1 reply
Getting a license to become a loan officer seems to be a great entry point to enter the industry while I build up my real estate network from scratch.