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3 March 2024 | 36 replies
I believe a good listing agent will be able to sell my real estate for a value that is at least 2.5% more than I can (and frees up time for me to focus on what I excel at).
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1 March 2024 | 2 replies
Feel free to share your insights, ask questions and connect with other members.
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1 March 2024 | 15 replies
Details below...We need a FAST cash-out loan product that requires only the personal guarantee of my business partner (60% ownership) to be used for: completing the remaining rehab and getting the 1st house rent ready, paying off revolving credit accounts to get her credit score up, and funding the other projects we have in the works.To help bring you up to speed on what's transpired over the 11 weeks we've been in business...We started our business on Dec 1, 2023, leveraged our "then" good credit/high w2 incomes to bootstrap the startup, assembled a rehab team, and are now about 2 weeks out from the completion of our 1st rehabbed property.We've closed on 3 properties, all owned free/clear, and have paid for renovations with personal funds/credit.My credit score was 810, but is now 592, due to excessive debt but 100% on-time payments, therefore can't personally guarantee a loan.My business partner's score is currently in the 700s, but likely wont be for long, due to her revolving credit % continuously increasing, as we push towards the completion of the first rehab utilizing her remaining credit on her CCs.Recently, I started researching the underwriting timeline for DSCR loans.
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1 March 2024 | 40 replies
Start with BiggerPockets Ultimate Beginners Guide (free).
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1 March 2024 | 4 replies
There are a plethora of attorneys on BP feel so free to do a search for corporate attorneys and choose one that can assist with properly structuring your LLCs.
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2 March 2024 | 10 replies
Here's my perspective:The current rates are historically low, we all got spoiled by free money during the 2%-3% mortgage rate era.
1 March 2024 | 1 reply
If you have any more specific questions or want some local help, feel free to reach out. - Chris
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1 March 2024 | 5 replies
This can build equity and potentially increase rental income through property appreciation.Another option is to sell one or more properties to free up equity and reduce mortgage debt, which can be useful for reinvesting or diversifying investments.refinancing one or more properties to lower monthly mortgage payments and increase cash flow could also be beneficial, especially if interest rates have decreased.the best course of action depends on the clients financial goals and risk tolerance
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1 March 2024 | 4 replies
Hey @Sean Kirk, Feel free to reach out.