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8 February 2025 | 18 replies
Most work like this: Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV)100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
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16 February 2025 | 5 replies
In addition to real estate, I’m passionate about entrepreneurship and business development.
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25 February 2025 | 23 replies
Residential properties often have one of 3 problems (structural, people, registration) and you add a significant value every time you solve the problem.
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16 February 2025 | 14 replies
Super easy to setup, yoand they offer a security deposit trust, client trust, and operating account with their package. https://www.enterprisebank.com/business/property-management
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11 February 2025 | 6 replies
My business partner and I just opened up our property managment company in the Chicago/Chicagoland area and it is not easy to do this the "right way".Honestly you can get yourself into some serious trouble if something happened with a tenant, an injury, anything and they sue and find out you don't have a license.
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2 February 2025 | 3 replies
Would you be open to connecting sometime this week to see if we can create some synergy between our businesses?
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7 February 2025 | 2 replies
I have called the office number dozens of times, but it always seems to be busy.
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4 February 2025 | 0 replies
My business partner and I are looking to get into a property with cabins, tents, and RV spots on it.
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8 February 2025 | 9 replies
You will get a ton more business, and their fees are easy to make up for...
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12 February 2025 | 4 replies
Ultimately, you will need to have the borrowed funds in USD and ideally in your US business entity bank account to sail through underwriting with US lenders on US properties.Caveat: the rates will likely be something like 10-12% so it would not make sense on a long-term holding, more like on a down payment on a purchase and rehab value-add project that you will eventually sell (or cash-out refinance) to pay off the borrowed funds in a few months.