
21 May 2018 | 4 replies
I am willing to be incredibly generous with what the investor would get back, as I know that I don't have a proven track record of what I can do.

24 May 2018 | 8 replies
And with cosigners a similar track if you are a bit short or a bit tied up with your other projects.And putting the loan under your business entity that way you can do more deals.

22 May 2018 | 10 replies
Private lenders like to see a track record, otherwise it's almost blind faith, and the only people that would lend like that are family and friends.What exactly are you looking for in private money?
19 May 2018 | 1 reply
The 10 yr treasury yield which most closely tracks 15 yr mortgage rates and 30 yr increases has moved up a bit but I still think the odds are more in your favor that there won't be a HUGE move by May 30th.

20 May 2018 | 5 replies
@Michael Pitsos, I looked up second tier entitlement and I am tracking your question now.

21 May 2018 | 4 replies
I suggest: Do all you can to make sure your Loan Officer is on board with your plan, and, try to ensure that the properties you buy can easily justify getting all your outlay back (even though they're only lending 70-75% ARV), and voila!

19 May 2018 | 5 replies
I'm neither a lawyer nor an accountant, but I recommend Googling "closely held corporation" and then asking your tax accountant how, if any, the proposed idea might impact your overall tax situation (https://www.irs.gov/faqs/small-business-self-employed-other-business/entities/entities-5: A closely held corporation is subject to additional limitations in the tax treatment of items such as passive activity losses, at-risk rules, and compensation paid to corporate officers.).I've read that when two closely held corporations owned by the same small group of shareholders do business with each other, the IRS sees a red flag because some people try using this approach to evade taxes.From my readings of personal finance articles, this additional scrutiny is based on whether there is an "arms length" between the two parties in a transaction.
19 May 2018 | 1 reply
@Jerry HarmenNever say never, but most banks don't underwrite with collatoral that needs a ton of work, especially to folks that don't have a big track record.

19 May 2018 | 0 replies
It's just a part I'm having the hardest time tracking down - spent last 45 minutes looking online.

31 August 2018 | 28 replies
But when all is good, from time to time, there is someone who just thinks your place deserved 4 not 5 stars and breaks your track record which ultimately could cost you your status and ranking.