
29 February 2024 | 24 replies
Before you answer, think about this: not once a year, but on every single deal, you are paying thousands, sometime tens of thousands, dollars to your wholesaler, your lender, and your Realtor, to name a few people involved in your business.

29 February 2024 | 8 replies
I think this is totally doable, assuming I'm smart with lenders and analyzing deals.

28 February 2024 | 7 replies
I am concerned about not having a team ready ahead of time since I am not handy (contractors, lenders, etc.).

28 February 2024 | 3 replies
It's best to review with a good RE attorney, potentially a business attorney, and your tax professional to make sure you're set up to avoid mistakes along the way.Also, discuss the ramifications of how it works with your lender (if there will be one) as not all lenders and loan programs are created equal when dealing with LLC's.

28 February 2024 | 3 replies
@Jack LittleThere are standard templates from Fannie Mae but I would have an attorney draft these documentsThey can be held (the lender) through a deferred retirement account but make sure you are using a third party servicer to collect payments

28 February 2024 | 6 replies
I would look into a DSCR loan option it will require 15-25% down depending on the lender but it's based off the asset and if it debt services rather than based off the individual.

28 February 2024 | 17 replies
No one is really doing anything special out there with pricing in the construction market - almost all lenders are in the similar bucket, so I think it becomes a question of what's important to you and besides pricing, is there anything else about your current lenders that you'd change?

28 February 2024 | 2 replies
Then when it is complete, have property appraised and refinanced to pay back the hard loan from my Mother or other lender and because I overfunded, receive cashback at closing and either pay back into the new loan or wait for another deal once I get renter in on this place with me.My hiccups will be my income to qualify for the new loan, and the fact that I have an existing mortgage which affects my DTI right out the gate.

28 February 2024 | 8 replies
@Brian Kempler, keep in mind when you use an LLC to invest in real estate the LLC isn't a "business" to the lender.

28 February 2024 | 7 replies
Of course, we don't know your full financial picture - income, assets, etc. to make a personalized decision so speaking with a lender, financial advisor, real estate agent would certainly help.