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Results (10,000+)
Carl Rowles Rehab Financing Strategy Help
19 January 2025 | 10 replies
Otherwise, I recommend option two, using a personal loan.
Jordan Laney PM signed awful snow contract
22 January 2025 | 14 replies
Last two years I averaged $4300 for the season.
Andy Wang Should I sell my note? 1.2M @ 8.5% for 4.5 yrs
27 January 2025 | 7 replies
Here are some general guidelines: Lien Position1st Position LienEquityMinimum Down Payment of 20-25% (a 30% equity to sale price is preferred)Down Payment made in certified funds and not borrowedMaximum Funding of 70% ITV (Investment to Value)SeasoningMinimum of two monthly payments already made12 months or more preferredPayer CreditCredit Score of 650 or higherNo major derogatory trade lines (No 90-180+ days delinquent, foreclosure, repossession, bankruptcy, etc.)No decline in credit since purchase of businessTermsPrefer 60 months or lessMaximum of 72 monthsNo Balloon Payment preferredCash FlowBusiness has positive cash flow1.25 debt service coverage ratio preferred.DocumentationPersonal guarantee from a creditworthy individualStandard documents including Note, Security Agreement, and UCC-1 filing.Tax Returns on the business that substantiate profit and loss statements.OtherPayment history current and verifiablePayer Interview indicating buyer is satisfied with business and comfortable making paymentsMotivation for selling the note is not a result of a deteriorating businessConsideration of high risk businesses or geographic areasIn these situations, sometimes a partial is a better option. 
Jimmy Jeter New construction, 75% done. About to run out of money
28 January 2025 | 11 replies
It sure seems like if this was a tv show those two had a secret relationship.
AJ Satcher Single HVAC System In a home with 2 units. Smells go right through duct-work!
15 January 2025 | 2 replies
As I approach my move out strategy where I will be converting my upper unit into a STR, I often think of guest interaction amongst the two units.
Kyle Carter Can I use the 1031 exchange to buy my primary residence?
15 January 2025 | 5 replies
If you want to combine two or more lesser sales into one higher purchase that is fine as long as your purchase meets the timing requirements for each sale.  
Charlene Kingsnorth Private Lender Loan Servicing Software Fees
17 February 2025 | 17 replies
I had two different companies.. one in Oakland CA circa 88 to 92 all investors all private and all 100% of funds for loans put up from the investors. 
Kenneth Jenkins Maintenance Expectations in Metro Detroit
3 January 2025 | 6 replies
A little background about me, I have just over 200 doors in my current portfolio and our company manages just over 250 doors for third party investors in addition to those. 
Robert Quiroz Why are a lot of MFH being sold with rents under market
13 January 2025 | 30 replies
I also found that being at "market" rents it takes longer to rent therefore missing out on a month or two of income negating the ROI on improvements.