Mashal Choudhry
Buying homes at auctions
12 February 2024 | 7 replies
Again, often times this requires a large down payment when you win to be held in escrow as things go to title.
Alex Sinunu
Challenges with Second Trust Deed
13 February 2024 | 11 replies
But unless this is a commercial loan (e.g. 5 units or more), anything requiring permission to obtain a second is unenforceable.
Wyatt Wolff
Hard Money, Helocs, and other jazz
12 February 2024 | 7 replies
Typically our lending partners programs are as follows:Rates: 10% to 14% (Most Deals are 12%)Terms: 1 Day - 24 Months (Most Deals are 6 months)Fees: 2-5 points(%) of loan amount paid at closing (Most Deals are 3 points(%))Minimum Loan Amount: $50,000 (For loans less than $200,000 we charge $2,500 minimum)Max Loan: 65% of After Repair Value(ARV) 100% Rehab Financing Available (Require 20% of purchase price down payment or cross-collateral)Closing Timeframe: 48 Hours - 3 Weeks (Most Deals are 10 business days)We have private lending partners throughout the entire United States that cover the following states: AL, AZ, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, OH, OK, OR, PA, RI, TN, TX, UT, VT, VA, WA, WV, WI, WY.
Matt DiVerde
Chicago Rehab Question - RS-3 Floor area ratio
12 February 2024 | 2 replies
As such existing properties are often grandfathered in with their existing footprint, even if current zoning would require a smaller one due to lot size.
Varun C.
Cash out refinance on LLC for a SFR in Austin, TX
12 February 2024 | 13 replies
For sure - seasoning requirement will only be 3 months which is generally equivalent to no seasoning for any real rehabs
Elizabeth Block
What is the agreement called between a builder & a non-realtor who refers investors?
12 February 2024 | 7 replies
If the payment is conditional on the closing of the property, that's brokering and requires licensed agents.It can get sticky in my experience.One way is to pay for the leads, so its not conditional on the closing.
Jonathan Weinberger
Today I fired the Own It Detroit team after spending over $800k with them.
12 February 2024 | 60 replies
A home is going to require minimum $300/month in upkeep costs no matter what (closer to $500 minimum in my experience, $5k-10k per year is what I have averaged in expenses on my SFR's over the past 15-20 years).
Jason Gass
Financing Personal + Rental Properties with Large Down Payments
12 February 2024 | 5 replies
Needing a W2 job is not a requirement.
Account Closed
Furnished Finder? Is it worth it?
12 February 2024 | 14 replies
I recommend you do this off platform because FF is clunky and slow and there are no penalties for doing so, unlike Airbnb- if it's a good fit for both of you, you proceed with whatever your process is (usually this will be an application, background check, lease, deposit)I say all this just to show that yes, it's cheap to list it there and in my experience it is VERY effective, but it requires legwork and follow up on your part.
Daniel Tisdale
Advice for turning rental into a flip
12 February 2024 | 7 replies
This allowed me to proceed with the necessary rehabilitation of my house without having the required capital upfront.