Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
I'm new here so may not have a full view but the overall climate seems to be-anything to make a deal-ridiculous financing, leverage the home you life in-who cares where it is located it will be easy to rent/manage from hours away-don't be gracious with your tenants and housekeepersMy guess is a tilt toward young and not financially stable which is awesome if remaining sensible.
Devin James
What’s one habit that’s changed your life?
6 December 2024 | 5 replies
The second habit that has helped me track my finances is that I’ve created a personal spreadsheet that I fill out at least once a month that tracks certain financial metrics I’m interested in comparing.
Felicia Richardson
Fannie Mae HomeStyle
11 December 2024 | 8 replies
All Contractors are subject to the lender’s determination that the contractors are qualified and experienced, have all appropriate credentials required by the state, are financially able to perform the duties necessary to complete the renovation work in a timely manner, and agree to indemnify the borrower for all property losses or damages caused by its employees or subcontractors.Multiple Specialized Contractors:Ø Since this is a limited repair/renovation program, no General Contractor is required.
Sushil Iyer
Re-financing separate properties as a group in a single loan
10 December 2024 | 22 replies
Some lenders offer this option, while others might prefer to handle each property individually.It will come down to the lender’s criteria, such as combined value, rental income (if applicable), and your financial profile.
Jamie Banks
ALE Solutions Win
15 December 2024 | 38 replies
Ive worked with them before for another displaced family and it was great, they even adjusted the rate mid stay and was a big financial win for me.
Kyle Kline
How do you fund property repairs/expenses if you are “investing for equity”?
13 December 2024 | 35 replies
To mitigate this, investors focused on equity typically maintain a CapEx reserve fund or factor in their personal finances to cover these costs, ensuring they don’t face financial strain.
Mary Lopez
How to find a Commercial Multifamily Loan <$1M
12 December 2024 | 37 replies
Loans are nothing more than networking, and strong financials which you look to have on the property.
Heather McNicol
BNB Investor Academy - Reviews?
31 December 2024 | 76 replies
He even made a tool for financial analysis.
Nitesh Chand
Need some suggestions
10 December 2024 | 7 replies
Losing $1,300 per month at a minimum doesn't sound amazing, but it completely depends on your financial situation.
Tim W.
Fire Damage Discovered During Inspection
7 December 2024 | 2 replies
Unless you're financially prepared to deal with these issues and accept that 'once you know, you must always disclose' defects, I would move on to finding what is truly a good deal - as a good deal is only as good as its bones.