13 October 2018 | 3 replies
@Eduardo Palma We host a meetup on the 3rd Monday of the month that is focused on multifamily investing at Sully's House, 1501 N Dayton.
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14 October 2018 | 11 replies
You can get an FHA loan for 3.5% down for a 1-4 unit property for example while with an investment property you usually need 20% down for a bank loan .
13 October 2018 | 1 reply
The free service, for landlords with two or less properties, tracks expenses, profit/loss, etc. of your rental properties ($50 fee if greater than two) but it requires linking accounts in order to automatically track and categorize expenses for you.I’m always uneasy when a website requires linking bank accounts.
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14 October 2018 | 14 replies
The other option is to do a non agency product, such 12 months average bank deposits or asset depletion or DSC (debt service concerage) where 90% of the rent covers your total monthly payment
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13 October 2018 | 4 replies
The mortgage amount is not based on the ARV but is better than the purchase amount.We have 30 days to show the bank the repairs/renovations are completed.
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24 October 2018 | 16 replies
Well, if you accumalate a whole bunch of non accredited investors and raise the funds, you can do what you want with out the bank.
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22 October 2018 | 14 replies
Bank will not touch that. but cash will we welcomed with open arms.
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17 October 2018 | 23 replies
Just cover your butt. ps: a lot of marijuana businesses deal with cash as banks refuse to open accounts for them.
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17 October 2018 | 17 replies
@Jason DiClemente its a foreclosure bank owned.
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13 October 2018 | 1 reply
Unfortunately (or fortunately) the days of banks mailing out credit cards to everybody with a pulse and all you needed to do was sign on the line are over.