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13 January 2022 | 9 replies
@Rami Holzman Covered above, no lender is going to do that as they'll require a personal guarantee from you.Best bet is to open a few secured credit cards, pay them on time and in a year you should have a decent credit score.
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9 January 2022 | 1 reply
✍️Role of a SyndicatorThe sponsor/syndicator is the person who initiates the real estate syndication; they are responsible for identifying the market, underwriting the property, securing financing, overseeing the business plan/renovations and the daily activity of the property management company, ensuring strong investor relations, and managing the asset in general.
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9 January 2022 | 6 replies
For the vast majority 1 LLC and 1 checking (operating account for income and expenses) and 1 savings account (for security deposits and prepaid rent) and then as @Nathan G. says over here you might find a 3 account useful: Do you have one bank account for all of your LLC?
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8 January 2022 | 4 replies
Hi Everyone,I recently received an inheritance and want to purchase my first MFH this year, HOWEVER, I cannot secure a mortgage loan as I do not work full time.
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11 February 2022 | 8 replies
@Kenneth LaVoie, you can get a 1031 QI involved anytime before closing, I'd be happy to set you up with my QI team backed by the security of First American.
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8 January 2022 | 1 reply
So I was watching YouTube and a "guru" mentioned you can take a loan out on your indexes/stocks as it is a secured loan at a fraction of what you would get on a regular loan (1.5% instead of the 3-4% on a regular conventional loan) and that you can borrow around 40-60% of your portfolio amount.I looked online for info even close to this but couldn't find it, I have a sizeable 401k so wanted to look into this - any insight greatly appreciated
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14 January 2022 | 12 replies
Many people don't properly run LLC, so they have an illusion of security more than actual security.My best advice is have good liability coverage limits on your insurance.
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9 January 2022 | 2 replies
Now, his idea to get the deal done is that he takes care of securing the deal, securing the mortgage (I would not be able to get a mortgage since I am 23 years old & not enough “working experience” for a loan), he also found the deal.
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10 January 2022 | 5 replies
Don't be surprised to be turned down for a place or requested to provide a larger security deposit.
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11 January 2022 | 7 replies
We went and looked at houses yesterday found one we liked.We have done research on the area through airdna and have secured a lender.