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8 November 2024 | 5 replies
I plan on holding my license under my employer, since they are a managing broker- Will my managing broker see deals that I complete if my license is held under them?
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11 November 2024 | 36 replies
Once those are complete, rough plumbing, electrical and mechanicals can be started (rough plumbing should go first, then mechanicals as these are the larger sized items and rough electrical is easier to work around them than vice versa.
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7 November 2024 | 51 replies
Any investor with this track record should have access to debt at 10% interest with 1-2 points, or potentially even less for someone their size.
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7 November 2024 | 12 replies
While we are both gainfully employed and have good income, our DTI (Debt to Income) is obviously incredibly skewed even though our properties cash flow.
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12 November 2024 | 47 replies
Hopefully they will get caught and never steal peoples money againHi Sandy,I’m out $20K+ because of them, and as a self-employed single Mum of two teenaged girls, this is a huge blow.
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11 November 2024 | 12 replies
Given the size of the transactions generally offered on crowdfunding sites, there aren’t enough secondary trades large enough to make the economics work systematically (besides the regulatory constraints) for Broker/Dealers to be incentivized to help LPs to redeem their positions via a sale/transfer to a new investor before the end of the investment period.
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7 November 2024 | 0 replies
Its size and layout make it ideal for long-term cash flow, and the demand for updated housing in Drexel ensures strong tenant interest once improvements are completed.
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6 November 2024 | 9 replies
Unfortunately many lenders will see this as a red flag and may not take the risk to lend you the rest of the money even if you use stated income program or bank statement program but those are for self employed borrowers who have active income from their business but write off to many expenses that when filling their taxes their net income is really low or sometimes negative.
4 November 2024 | 1 reply
**Verify Employment and Income Directly**: Since they might lack a U.S. credit score, contacting their employer directly can help verify their job status and salary.
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7 November 2024 | 3 replies
@Elliot Angusone of the points of doing seller financing is to put less down, so putting $100K down on a deal of this size wouldn't make any sense.can you house hack instead?