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24 April 2024 | 6 replies
Your risk profile on this would be super high with no upside.
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23 April 2024 | 3 replies
Sounds like it is effecting the lenders collateral and thats why they don't want to do it . should confirm though
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22 April 2024 | 12 replies
Interest rates high?
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23 April 2024 | 3 replies
Another thing I would double check is the zoning and/or any restrictions that may effect the lot as some don't allow manufactured homes.
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24 April 2024 | 3 replies
Banks and CU have something called "High Cost" rules which means a mortgage under $75K generally is not large enough to include or finance their hard costs plus fee's.Some DSCR lenders offer a $75K minimum after down payment but rates are usually above 9.75% even with good credit and carry a 2-3 year prepayment penalty.
23 April 2024 | 3 replies
Also, effectiveness of LLCs for legal protection is very often debated here on this board.
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24 April 2024 | 1 reply
Hello,I live in a pretty hot market, with very low vacancy rates and high property demand.
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24 April 2024 | 42 replies
You said highly leveraged but how leveraged is that?
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24 April 2024 | 2 replies
I have been doing my fair share of readings but i have a lot of questions that pop up and wonder who i can reach out to More info on my financial status if anyone is willing to give recommendations:10k in roth ira3k in high yield savings (paused to pay off debt)6500 in student debt200 ish in credit card debtestimated 4.5 months to pay off. 2 current part times (only been at each a year)expect to go full time on 65k salary working at brick and mortar bank and use college transcript as 1 year and pay stubs as other forms of evidence of a jobfather will be able to aid 20k as gift and if need be added as a cosigner for better approval rates.my goal is to save 50k, debt free and look for houses, however, could this be done sooner with other thank you for any and all advice !
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23 April 2024 | 30 replies
The problem is these aren't people with the balance sheets or experience to do so effectively just enough money to dream big and be taught bad and misleading practices on how to raise capital.