Alex Salzman
Creative Financing - Who can get the job done?
27 October 2020 | 3 replies
If you have a lot of money and can deposit it in your local bank or credit union, they may be able to help you with a loan they'll keep in house.If you're trying to go Fannie/Freddie and keep running into normal guidelines, you're going to run into them anywhere (debt to income ratio, loan to value, seller contribution etc...).
Lloyd Segal
Economic Update (October 26, 2020)
26 October 2020 | 2 replies
But many of these workers have had their jobs reinstated, contributing to a rise in the third quarter to 66.7 from 60.1 in the second quarter.
Daniel Nied
Developer fees for 4-unit infill project
17 December 2020 | 4 replies
3-5% of total project cost including land is standard for a smaller project like this.Hard to advise on deal structure without knowing who found and is leading the deal, capital contributions, partners roles and goals etc. but generally pari passu is best with active members being compensated for time, travel and overhead.
Jeff D.
Escrowing Insurance/ Taxes & CapX Reserves
27 October 2020 | 6 replies
Any other good rules of thumb you can think of that a syndicator would need to keep in mind when raising capital besides that 3% and a 30% equity contribution assumption?
Jonathan Abbott
Ready, Set, Action - Stalled at the Starting Line
25 November 2020 | 2 replies
My biggest contribution was a direct mailing campaign where I targeted absentee and owners with 40% in their home.
Jesse M Gutierrez
Moving Funds through LLC for Personal Use/Investing
27 October 2020 | 1 reply
No, I am pretty sure they have to distribute it to themselves and give it to you personally, and you contribute it to your LLC.
Daniel Park
Tips for House Hacking Success in NYC
29 October 2020 | 5 replies
As long as my monthly cost is lower than the rent I'm paying in Manhattan, I feel like that is better than what I'm doing now, and I get to build some equity along the way (feel free to challenge this notion if you disagree also).
Spence Kal
What good is content marketing?
12 November 2020 | 14 replies
Adds a lot to the conversation and has put in a ton of work contributing to our fair BP.
Aira Alcantara
Will We Have to Pay Out of Pocket for Village Repairs?
28 October 2020 | 2 replies
So you pay for sidewalk (for example) fixes.Once it closes, think the seller's contribution/liability is limited to what he dedicated by leaving in escrow.
David Feder
Cash Or Financing On Your Investment Property
29 October 2020 | 1 reply
@David Feder you need to come up with a higher cash contribution or partner with someone who has these attributes - ideally someone who qualifies as an ‘acredditied investor.’