11 November 2018 | 2 replies
This is in the midwest area.The listing says that the duplex is occupied with two tenants who are interested in staying for the long term, and have a consistent payment history.I haven't gotten much information, but I'd say for the area, each tenant is paying 800 dollars per month.Now I am 21, and I have about 20k in the bank, and im willing to spend 15k for a down payment.
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12 November 2018 | 10 replies
@Scott Royer you need to be very careful.They can't qualify with a bank which indicates they are high risk.
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2 December 2018 | 10 replies
its as simple concept as this " BE THE BANK" then of course there are variations of real estate debt.1.
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12 November 2018 | 2 replies
😀Am interested in partnering on some projects again, as I still enjoy the labor side, but want to learn much more about the nuance and strategies of RE Investing (thus BiggerPockets and considering the RE Exam).
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11 November 2018 | 5 replies
From what I have read, banks would not loan to new LLC's without proof of income.Furthermore, I have inquired for a lawyer's assistance with LLC formation and he quoted me $2000 to $2,500 for professional fees.
14 November 2018 | 7 replies
Does anyone know a bank or lending institution that would lend based on a properties income as opposed to personal income?
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12 November 2018 | 2 replies
However, if you enjoy taking more risks than necessary, you can consider a pet deposit and/or pet rent, if applicable.
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28 November 2018 | 13 replies
You just have to find a bank or lender that participates.
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3 December 2018 | 4 replies
I found it myself on Redfin and gave a low ball offer, the bank countered a little higher and we accepted.
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18 November 2018 | 4 replies
Just a letter from your bank saying you have XX amount of funds available works.