Michael Nelson
What do Hard money and private lenders need to see
19 March 2024 | 13 replies
Most are like this: •Rates: 9% to 13% (Most Deals are 11-12%)Terms: up to 36 Months (Most Deals are 6-12 months)Fees: 2-4 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $250,000 $2,500 minimum fee)Max Loan: 65%-70% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 2 Weeks)NO PRIMARY RESIDENCES, NON-OWNER OCCUPIED ONLY, BUSINESS AND COMMERCIAL USE ONLY.
Drew Smith
Security Claim Letter with $0 Security Depsoit
18 March 2024 | 13 replies
Just on the business level for landlords to be as specific as possible with their requirements and give detailed line item dispositions.
Prithvi Sri
Are all commercial real estate agents like this?
19 March 2024 | 19 replies
Granted things take a long time in this business but leaving no stone unturned also yields fruits.
Robert Mendenhall
Rules for appreciating markets
19 March 2024 | 15 replies
With all the businesses and corporations moving to Columbus the area is going to grow and expand and flourish for years and years to come.
Sean Lemon
Has anyone used The “flip system” by the Martels?
19 March 2024 | 46 replies
Re: We are going out of business!
Caleb Sonneman
Summits & Conventions ... are they worth it?
18 March 2024 | 1 reply
I've met tons of people I've done business with from IMN conferences.
Sandra Johnson
Hello from fast-growing West TN
18 March 2024 | 2 replies
I have a BS degree in Business (Organizational Leadership) from Union University.
Johnathon Jenkins
LLC or keep in own name?
18 March 2024 | 4 replies
@Johnathon Jenkins so even though the liability is covered, am I potentially missing out on certain loan programs for small businesses?
Joseph O'Sullivan
Teaching your kids about real estate investing
18 March 2024 | 18 replies
I would start to see if your local high school, middle school etc have any teachers or people teaching business.