Mike Mutabazi
Hard Money lenders.
19 March 2024 | 16 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.
Christian Rodriguez
Can i take out all of the money out of a 401k account ?
18 March 2024 | 23 replies
Check out something called a Roll Over Business Startup (ROBS) account.
Jonathan Wiltshire
22 yo New to Real Estate
18 March 2024 | 2 replies
These experts may offer insightful information on investment prospects, real estate listings, and the neighborhood market.Serve as a Volunteer or Intern: Take into consideration serving as a volunteer or intern for a nearby property management business, real estate agency, or investment company.
Jose Vasquez Dickson
CPA Tax Sentry - Any reviews?
18 March 2024 | 15 replies
., a CPA for my business and personal taxes.
Sylvestre Maldonado
New Investor in Los Angeles
17 March 2024 | 9 replies
I look forward to meeting and growing in this business with everyone!
Shay Sechler
3 months behind tenant
18 March 2024 | 11 replies
You can decide if youre a charity or if you're a business person with an investment to protect.
Patrick Rafferty
Switching Rental Property from Personal to LLC?
19 March 2024 | 17 replies
It doesn't provide any tax advantage.One good reason to have a property in an LLC is when it is set up properly and it's maintained properly and it's treated as a business and has substantial assets in it.
William Hutch
First Time Flipping
18 March 2024 | 9 replies
The permitting in NYC is also tricky and it can take months to get a permit, along with contractors being really busy is really proving challenging.
Michael Nelson
What do hard money lenders need to see in terms of the deal?
19 March 2024 | 19 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.
Andreas Mueller
The Real Shrinkflation? It's not potato chips. It's....Real Estate.
18 March 2024 | 0 replies
This cost of debt comes through where people have to borrow to afford the item, like a car, or business Capex and of course, a home.