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14 May 2021 | 45 replies
@Ryan WilliamsonYou will probably not get a conventional loan for an LLC.But you may find a commercial loan with a local bank.You will definitely need a personal guarantee initially until your LLC can show enough history.Start building relationship with your local lenders.
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20 May 2021 | 6 replies
But if I’m paying cash and the initial loan is covered, do I make the same calculations for each additional purchase?
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18 May 2021 | 14 replies
I am using most of the same numbers for all of this in my initial analysis as I want to be very conservative with my numbers. 10% for property management, a higher amount for insurance (depending if the property is in a flood zone I will add more) and maybe $150 in utilities that I would have to pay month to month.
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12 May 2021 | 2 replies
@Jonathan ShnoravorianI use a combination of the following for initial review of an area:City dataWorld population reviewNiche Crime heat maps available on Realtor.comLocal area police departments.
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17 May 2021 | 14 replies
@Mulugeta Berhe Good initiative. you will learn a lot and will meet tremendous folks, which will lead to create opportunities. if interested in Commercial Multifamilies I would highly recommend reaching out to the following gentlemen @Hendra Tambunan @Christian Bowen @Vinay Ari;
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16 May 2021 | 5 replies
To answer your question, I am initially trying to buy a 2-4 unit multi-family that is ready to go and financing with a VA loan.
13 May 2021 | 1 reply
Loopnet & Crexi are best used as sources for contacts & initial relationships with brokers, so you can build a list of broker names on those sites and go from there!
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14 May 2021 | 6 replies
A go to initial analysis for a lot of flippers is the 70% rule.
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13 May 2021 | 2 replies
Initially I was coming in under a close though as a single family home, but they had to change that because it was a manufactured home, which increased the closing costs, beyond my ability to pay them for the loan.
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19 July 2021 | 2 replies
It's money that you were initially hoping to be covered by the loan, but the bank is unwilling to cover now due to a lower appraisal.