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9 November 2016 | 25 replies
My business partner and I are looking on contact management systems/apps to help us track the need to follow up with people we speak to in our real estate business.
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2 November 2016 | 1 reply
on a sub to they keep their loan in their name for a while so if that particular obligation is still at the edits on their balance sheet I never tell the seller they can get a new loan after a sub2 sale On a lease with option I chose the seller that they're turning the property into an investment property, the landlord tenant relationship, and generally the amount of rent that's coming in they will get credit of about 70 to 80% of that as income on a loan app and comparing that with their mortgage it might be an offset On a wraparound mortgage it's more complicated because you need to see the taxation of the Wrap, see a CPA; as far as getting a new loan, you have the loan in your name, and then you have a payment coming in which offsets the debt to income It's been my experience that different lenders have different qualifications as far as how much of the cash flow will be applied debt vs income
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2 November 2016 | 3 replies
DM me for my cell and email.
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12 September 2016 | 26 replies
If their books are in good order (and I assume they are), and they are particularly diligent in their accounting practices, it may be to their advantage structure the loan with interest, in accordance with the IRS's imputed/market interest rate (see https://apps.irs.gov/app/picklist/list/federalRates.html ).
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2 September 2020 | 10 replies
I'll provide my cell phone to you thru email as new rule can't post phone numbers in this space.Thxs,Dave
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7 September 2016 | 2 replies
I would first suggest downloading the MeetUp app and head out to your local investor meetings.
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10 September 2016 | 4 replies
Go make some good mortgage loan origination software (not marketing software, not a cell phone app... origination software), make a few million bucks by virtue of having a monopoly product that you can sell to money factories.
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25 May 2017 | 60 replies
Sam Levin I tried to PM but the app was being weird.
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11 September 2016 | 12 replies
The taxable value is at 40 right now so with a PP near 100k, taxes wouldn't go up too much.