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2 March 2016 | 1 reply
David StoneElma, WATHE NUMBERS: Our purchase price in 2009: $155,000Currently owe: $136,000Mortgage: $1080 / mo (PITI)Rent: $1000 ($100 above median, but house is newer condition than neighborhood), Tenant pays all utilitiesProperty: 3 bed, 2.5 bath, 1576 sq ft, built 2008, located just outside Shelton, WAFair market value: $166,000 according to Zillow private estimate of comps I am looking to make a minimum of $35,000 from the sale of the property to make it worth itBACKGROUND:This certain property was not originally purchased for a rental.
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1 March 2016 | 2 replies
So, in researching just how exactly to build relationships with private lenders, I get the notion a portfolio of past experience would help.
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2 March 2016 | 4 replies
The reason behind this is most private money lenders are not licensed to lend on single family properties.
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2 March 2016 | 4 replies
Naveen, I can send you the link via private message as I'm guessing that was why my post was removed.
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1 March 2016 | 3 replies
I considered opening a business account with business credit, get with brokers for private lending options.
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3 March 2016 | 10 replies
The one that promotes itself as "the largest privately owned real estate firm in the country".
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1 March 2016 | 2 replies
What are some other 'perks' in an investment contract the private money lender will look for or consider standard?
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2 March 2016 | 22 replies
I did not try to factor in - raised rents, appreciation, and etc..My cashflow is right around 4k/month and this factors in all expenses, repairs, capX, management, and private funding (16-20% of gross rents).
1 March 2016 | 0 replies
Has anyone had experience investing with Frederick Bates or Scott Stringer in a project?
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2 March 2016 | 3 replies
I have private money that I could see being easier than going to a bank and getting a mortgage on the property.