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20 February 2025 | 6 replies
I have checked with Wells Fargo where we bank they say they do not provide investment property loans.Thanks in advance.
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6 February 2025 | 4 replies
I've done a lot of value add as well so that helped speed up the process.
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25 February 2025 | 10 replies
There is a possibility that the first deal you make doesn't go well.
11 January 2025 | 12 replies
American Banks (like BofA and Wells) actually did lend in CR pre-2008 but that possibility disappeared after the crash.
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20 February 2025 | 5 replies
A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.
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12 February 2025 | 0 replies
Despite the challenges, the project was a success, proving that well-planned investments can lead to significant profits.
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12 February 2025 | 4 replies
I think you have the basics of meeting partners and people to work with in your local market and seem to be well on the way with two deals going already so big congrats there!
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25 February 2025 | 2 replies
You can add additional properties to the LLC as well.
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4 February 2025 | 5 replies
Don't forget about single family as well as to cut out 80% of the deals.
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24 February 2025 | 7 replies
That being said, every FHA loan has UFMIP which is 1.75% of the loan amount, as well as monthly mortgage insurance pmts that are about 0.5% of the loan amount annually.