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26 April 2020 | 9 replies
From the pool of inquiries, there would have been much more applicants except I let people know that there were already too many applicants AND that they MUST meet my criteria of over 700 Credit Score, 45 times monthly rent AND have a healthy savings account to weather the lockdown.I chose the best applicant who made $200k per year and had $200k in savings as well as over 700 FICO.Apts like mine in buildings like mine are incredibly desireable now.Basically, there's a huge problem with skyrises and Pandemics.People are afraid that if they get into an elevator that they could be trapped in a small space with someone that has the virus, which will then transmit it to them.Also, the management for the skyrise buildings are not permitting IN PERSON showings AND many are not allowing moving in or out of the building because of the risk of increasing the transmission to vulnerable tenants within their buildings.That narrows down the amount of available apts.Buildings like mine, non-Elevator walk up buildings which are low density and separate Garden Apts, are now the most desireable buildings to own in a Pandemic in NYC, as I am seeing anedotally.However, this is only true if you are in the right kind of City, where most of the buildings will be very large skyrise elevator buildings where there are huge amount of renters.Adding to the attractiveness of low density buildings is the fact that NYC is the EPICENTER of the COVID-19 pandemic.Yes, this is one single datapoint.
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28 May 2011 | 5 replies
No immediate plans for a mobile version . . . first things first -- we update and modernize the site.
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4 October 2007 | 1 reply
They are given to self-employed borrowers with scores over 680 , and must have a clean history.
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20 December 2007 | 12 replies
I wouldn't mind partnering up with someone or investing in some of these properties myself if I could get a loan (which I can't since I have no income and we don't use the "credit score" system here).
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25 May 2006 | 9 replies
Conventional financing usually works (depending on credit score of course).
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28 September 2006 | 0 replies
the fico score of the borrower with residential property.You are able to obtain NON-recourse financing (not personally liable) for commercial loans.There are Commercial properties available that are non-distressed with long term (7, 10 and 20 year) professional tenants.
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18 October 2006 | 3 replies
We present many lucrative ways for buyers to obtain financing, and for sellers a way expedite the sale of their properties.Cash Flow Types Interested In:SFR NotesBusiness NotesCommercial NotesCondominiums/ Multi-Unit ComplexesCommercial Real Estate LoansMobile Home Notes with or w/o LandVacant Land Notes -Improved or RawPortfolios Note Requirements•Payor's Credit Score accounts for 30% of a note's value.
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23 July 2020 | 21 replies
Let's get it going, I am familiar with zoom and although I don't have the paid version that allows to host a meeting for longer than 40 minutes maybe someone else does.
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24 February 2023 | 43 replies
Of course, as the real estate wholesaler, you want to be paid for the work you did to find the distressed property and to put the deal together.Pros and Cons of Wholesale Real EstateProsReal estate wholesaling can school you in the real estate market and help you build high-value negotiating skills.It's a low risk money-making strategy because it requires little money upfront.Money is made quickly—generally, the fee is partially paid at the assignment of the purchase contract and the remainder at the closing of the property sale.No credit score (good or bad) is required.No property renovation experience or effort is necessary.If you have a good network of investors, you can sell the house fast.You may make a large profit in a relatively short time, depending on how may deals you put into play.All the best!
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5 April 2023 | 14 replies
I have found great renters in the neighborhood with good incomes and credit scores above 750.