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25 April 2024 | 1 reply
Consider the responsibilities involved, with selling releasing you from property management duties and renting requiring ongoing maintenance and tenant management.
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25 April 2024 | 2 replies
@David Cheng - So, SBA requires 51% of the income be associated with the owner-occupant.
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26 April 2024 | 8 replies
So I require skin in the game (average is 5% to 15%) to offset this.
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25 April 2024 | 2 replies
It's easy to obtain, costs very little, and doesn't require extra, on-going effort to maintain.
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25 April 2024 | 10 replies
It’s possible but requires the right team on the ground.
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25 April 2024 | 1 reply
Since we're investing out of state (out of country), and it's our first deal, we were looking for something that didn't require much work up front.
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25 April 2024 | 7 replies
Many YouTube gurus will sell the idea that it can be done rapidly, but that requires a good market.
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25 April 2024 | 4 replies
Most work this way 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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25 April 2024 | 13 replies
The requirements are different for an individual and companies, of course, but there should be a way.
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25 April 2024 | 7 replies
PA requires that you maintain a permanent home and be present there for at least 184 or more days per year to be considered a resident.