Noah Pruett
First Time Hard Money Loan
13 June 2018 | 5 replies
100% financing is tough...even for private lenders, unless there are compensating factors (great track record, proven successes, strong reserves, great credit score...maybe even good job/w2 income (usually not a factor for non-bank investment property lenders, but may be for a private individual)).
Chris Hernandez
Looking to use private lender for the 1st time
9 June 2018 | 5 replies
I have some good things on my side...a little experience with landlording, flipping, I'm a licensed Realtor and have a close to excellent credit score.
Marco Cruzatt
Need investing advice from my community
8 June 2018 | 2 replies
I'm a civil engineer with a steady income, good credit and no debt.My question to this forum is, how do I go about?
Regina Moffett
REI - Multifamily Investing
8 June 2018 | 5 replies
My point being it is a difficult environment for everyone (except sellers), and to illustrate, a syndicator I have been following (wellings capitol) has given up on multifamily for now and switched to self storage after a history of insisting they would not do self storage!
Ben M.
Hard money lender asking for LLC
23 August 2018 | 16 replies
Once I get back stateside I will walk through my LLC with a professional to ensure everything is in order, but I was able to set my LLC, purchase my domain (if I ever want to make a website), acquire my EIN, open my business checking account (NFCU if you have an account or can get one) and get approved for a credit card and a CLOC to start building business credit for it...all from a distance.
Tavares L.
No Mortgage on Rental; Use Cash or HELOC for expansion?
8 June 2018 | 7 replies
They are essentially the same thing just one in the form of credit that must be repaid with cash.
Michael Ehmann
Strategies to pay for upfront CAPEX in first 12-18 months?
8 June 2018 | 0 replies
Credit cards: we'd like to avoid this at all costs because of high interest rates.Hard moneyPrivate moneyAre there any other loan types or financing options we should consider to deal with upfront CAPEX in the first 1-2 years until we have a larger CAPEX fund built up?
Mike Conklin
Landlord forms from BP; Indemnification insurance in lease?
8 June 2018 | 5 replies
**fine print - Individual results will vary by the individual tenants credit profile, zip code and claims history....Here is an Ohio example of someone I quoted last week - $15k in property, $100k liability, $1k deductible premium was $187 year / $16 month.Increasing Property to $30k and Liability to $1 Mill the total premium is $275 year / $23 month.
Jonathan Beemer
Going to be out of job soon, moving, and looking to buy a duplex
17 June 2018 | 25 replies
I will just be starting a new job and wouldn't have "work history" to back up to get a loan.
Michael Huang
Need advice for lender choices in Southern California.
11 June 2018 | 2 replies
I got 20 or nay 25%down. 800 credit.