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20 March 2024 | 7 replies
Some lenders may require a stable work history to approve a mortgage, so be sure to discuss your options with a mortgage broker or lender.Network and Seek Guidance: Connect with experienced real estate investors, join local real estate meetups or forums, and seek guidance from professionals in the industry.
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19 March 2024 | 8 replies
Some states have licensure requirements for private lenders including California, Oregon, Idaho, Nevada, Arizona, Virginia, Florida, the Dakotas, Vermont... that may not be an inclusive list.
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20 March 2024 | 6 replies
I use a hard money lender, where they typically require 10-15% down payment on purchase of an investment property, and they fund the rehab.
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19 March 2024 | 5 replies
Also there less requirements to meet.
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19 March 2024 | 13 replies
Tell them your purchase price, work that needs to be done, and ARV as you're vetting them.Documents Needed for a Hard Money Loan might include:LLC DocumentsYour Credit ReportCompany Bank InformationYour IDSigned Purchase ContractRehab Budget Track Record of SuccessEvery hard money lender has different requirements, so some of these may vary.
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19 March 2024 | 46 replies
A contractors license to service appliances is not required so labor is a lot cheaper.
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19 March 2024 | 30 replies
Meaning listing a home for sale will require MORE actions, efforts, energy, intelligence.  Â
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18 March 2024 | 24 replies
I would ask them to check out the house physically, if you get there then make a firm offer you're comfortable with it.
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19 March 2024 | 8 replies
Agents are typically required to show up with the client at the first appointment with the builder - if they miss that, they can often be cut/pushed out of the deal.
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20 March 2024 | 16 replies
We have lenders that allow you to defer payments during rehab faze so you dont have to make payments but most lenders do require IO payments.Â