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1 December 2024 | 0 replies
I like to garden in my free time, this summer i noticed how much we saved with the garden and I've been watching more videos on personal finance.
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2 December 2024 | 10 replies
Borrower Types: The Professional - HM Lender will cut sweet-heart deals to keep these borrowers around Experienced real estate investors Regularly engage in property transactions Typically have a track record of successful projects The Newbie - Charge Higher everything as the risk is higher as no experience Novice investors or first-time borrowers Limited experience in real estate Seeking to build their investment portfolio The Deadbeat - Only lend if the deal is so SWEET, they can't lose if they take the property from the Borrower Borrowers with poor credit history or financial difficulties High-risk borrowers May struggle to secure traditional financingThe lender will do an application on the deal/borrower and some standard docs they require are:Hard Money Application / ExperiencePurchase contractARV report – COMPS – See * Redfin*Pictures of Property – most people use Dropbox to shareProof of Funds – Down / Reserves (Bank Statements)Personal identification (ID or passport)But usually if the deal is sweet enough, they will do it anyway because if the deal goes south, there is so much equity/value in the property that the HM lender can't lose.
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5 December 2024 | 554 replies
Nothing and watch from the sidelines
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5 December 2024 | 20 replies
And yes flipping multi families is definitely less risky, but not as applicable and available to everyone as single families.
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2 December 2024 | 2 replies
The analysis is targeted to small time DIY landlords with 1-5 properties with minimum requirements to be able to do the following tasks online: Listing/Syndication, Applications, Screenings, Leases with eSignature, Payment Customization (i.e.
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30 November 2024 | 19 replies
However neither person is local , they both have filled out applications and seem to check out , but both have "Not for Real ID" IDs which seems like a red flag to me.
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7 December 2024 | 150 replies
BTW, buying a note from anyone, you can take on all the past liabilities associated with that note from it's application and origination.
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10 December 2024 | 26 replies
He is usually on camera letting his students watch him set up the deals.
2 December 2024 | 6 replies
One thing to watch out for is the financing aspect of it - could be a hurdle getting a loan if the transaction is "non-arms length" - i.e. between "Friends" - might be worth looking at seller financing too
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3 December 2024 | 9 replies
So now instead of feeding the hungry stock market you can feed the hungry rental.I have watched people keep big debt on their home and then have the stock market crash.